What Adds the Most Value to a Home 2022?
Investing in home improvement projects has been known to provide the highest returns on investment. When you are considering the best projects to do, you need to keep a few things in mind. One of these things is the kitchen. You can find plenty of kitchen remodeling projects that will increase the value of your home. These include modern appliances and outdoor lighting. Another option is to bring back period features.
Remodeling projects offer the best return on investment
Investing in home improvements can add value to a home and improve the quality of life. However, not all improvements provide the best return on investment. Homeowners should be aware of which renovations will pay off when they sell their homes.
Renovations that add the most value include exterior improvements such as siding, stone veneer, and new exterior doors. Other improvements include garage door replacement, new paint, and cleaning up the yard.
Remodeling Magazine breaks down the best improvements by city and state. For example, a minor kitchen remodel in San Diego returns more than 100 percent of its costs. In Chicago, a $9,400 bathroom remodel returns 182 percent at resale.
Remodeling Magazine also breaks down the cost of major renovations. The report estimates the return on investment (ROI) of 22 major remodeling projects in 150 markets.
The report also identifies six home renovation projects with the highest ROI. The most profitable projects include refinishing hardwood floors (147% ROI), adding a bedroom suite to a home (100%) and a master suite add-on (80%).
In some markets, remodeling projects have seen a boost due to the pandemic. In fact, more than 60% of homeowners increased the scope of their remodels due to the illness.
Modern appliances add value to a kitchen
Whether you’re planning to put your house on the market or just looking to spruce up your current abode, one way to add value to your kitchen is to upgrade its hardware. In fact, a recent study found that 70 percent of homebuyers would pay more for updated appliances. This is a great reason to upgrade your appliances, especially if they’re dated.
The best part is that most appliances can be bought on sale, especially when you’re looking to complete a major kitchen remodel. In addition, you can look for deals online or even search for discount prices in your local home improvement stores. This can help you get your hands on the kitchen gadgets of the future while saving some cash to boot.
The modern kitchen may not always have the most space for storage, so adding ancillary spaces is a great way to maximize your cooking space while giving yourself a bit of breathing room. In fact, these spaces are the perfect spot for storing everyday essentials away from the main kitchen.
Outdoor lighting
Having a well lit yard not only enhances your safety and security, it also improves the aesthetics of your home. Whether you’re reselling your home or just looking to upgrade, adding landscape lighting to your outdoor spaces is an excellent way to increase the value of your home.
Installing lights to your yard or gardens is a great way to create a space for relaxing and entertaining. It can also help your home stand out from the rest of the neighborhood.
When it comes to improving the aesthetics of your home, you’ll want to choose the right style and quality of outdoor lighting. There are different styles, finishes, and shapes to choose from. You can also choose from various types of light, including recessed lights and spotlights.
There are also LED lights that can be installed to increase the value of your home. These lights use less energy and convert electricity more efficiently than incandescent bulbs.
