As the temperature rises and the days get longer, the idea of finally breaking ground on your big home improvement plans gets increasingly appealing. But beyond enhancing the look and feel of your home, how can these projects also improve its market value? Let’s explore some of the most common and most impactful home improvements you should consider.
Kitchen Remodel
A kitchen remodel can be one of the best investments, since kitchens tend to be one of the most “central” of the rooms buyers consider when looking at a house for sale. From upgrading your countertops to buying new energy-efficient appliances, or knocking out walls to reconfigure the layout, upgrading your kitchen can add value by enhancing its functionality.
Bathroom Remodel
Upgrading your bathroom is one of the best ways to bring value to your home. Key projects could include installing water-efficient options, updating your fixtures, and retiling your floors and/or walls. Even higher returns can be had by adding luxurious touches like a double sink, installing a walk-in shower, or heated floors to appeal to possible buyers in the future.
Additional Living Space
Additional square footage can be one of the most direct ways to increase a home’s appraised value and catch buyers’ eyes. These projects can include finishing a basement, converting an attic, or adding a bedroom. All are impactful ways to increase your home’s reportable square footage. Keep your budget in mind though since these projects also can be the most expensive on our list.
Exterior Improvement
Improving your home’s exterior features isn’t just a boost to its first impressions. Gaining curb appeal can increase both your home’s aesthetics and its value. Visual upgrades such as adding fresh landscaping, getting a new front door, or giving the whole house a fresh coat of paint can be valuable. While replacing your siding or updating your garage door can give you resell value and improve its energy efficiency.
Inspired by these ideas but need some funds to kick them off? Now’s the perfect time to take the next step by applying for Bellco’s Home Equity ChoiceLine. ChoiceLine can cover a wide range of projects since it combines the security and stability of a home equity loan (HELOAN) with the freedom and convenience of a home equity line of credit (HELOC). For more information visit Bellco.org/ChoiceLine or stop by any Bellco branch. Bellco is an Equal Housing Opportunity Lender.
