Home Improvement Ideas to Increase Your Home’s Value
Home improvement — which includes any remodeling, repairs or improvements to your residential or commercial property — can be an excellent way to improve the value of your home. But before you decide to spend your hard-earned cash on a home renovation, it’s important to know what projects will be most beneficial for your situation and which will have the best return on investment.
Home improvements can include anything from a new roof to a new front door. They may also include things like a bathroom remodel or kitchen upgrade.
A recent survey found that the top goal for home improvement spending is repairing existing issues, followed by improving the home’s value or function. While it’s not always possible to do big-ticket projects, a variety of smaller upgrades can make an impact – and help you recoup your investment when it comes time to sell.
For instance, adding crown molding to a wall is an inexpensive but effective way to add character to any room. Simply buy the molding, cut it to the right size, and attach it with a nail gun.
Putting in an energy-efficient heating and cooling system is another way to save money and increase the value of your home. It can be as simple as installing a smart thermostat or upgrading to more energy-efficient appliances and windows.
Aside from increasing the value of your home, many home improvement projects can yield tax credits at the time of installation. These are called capital improvements and must be filed with the department of taxation and finance in your state.