7 Upgrades To Make To Your Home
If you’re thinking about undertaking some renovation projects, it’s important to keep in mind that not all home improvement projects are made equal. Some will bust your bank account with little return, while others are low cost to begin with and will get you a higher price when you decide to sell. Here are seven of the best upgrades to add to your house that will help you enjoy your home more today and get a better financial return in the future.
#1 Crown molding
Crown molding is an elegant addition to any home, making a room seem both bigger and taller. Wood moldings come in hundreds of options, and you can choose to paint or stain it, or even leave it natural. Nowadays, molding can even come in flexible materials like foam that make installation cheaper. At only $8 per foot if you hire someone to install it, crown molding is a great way to personalize your home and add value for a low upfront cost.
#2 Quality ceiling fans
If your fans are old and outdated, installing some new ones could refresh your rooms and save you money. Having an efficient and clean ceiling fan is one of the top ways to ensure your home is ready for summer. Hang the fan 7 to 8 feet above the floor, and if you have a low ceiling we recommend you buy a hugger ceiling fan that’s flush-mounted. Never underestimate quality in ceiling fans—choose the biggest Energy Star-rated fan that will fit the space, and remember that you’ll get better cooling results and less noise for a fan in the $200-$600 price range.
#3 Plant some trees
You may not realize it, but having a mature tree in your yard can add a lot of value—anywhere from $1000 to $10,000 according to the Council of Tree and Landscape Appraisers. Especially in urban areas, having a tree can make a huge difference in selling your house. A recent study of home sales by the Pacific Northwest Research Station of Portland showed that having a tree growing in front of or near a house boosted its sale price by an average of $8,870 and shaved two days off its time on the market. Even if you’re not planning on selling soon, having a tree has its perks. Trees can save $100 to $250 annually in energy costs, prevent erosion from rain and runoff, and protect your home from wind, rain, and sun.
#4 Install a deck or patio
While going over the top with outdoor amenities rarely yields a high return, focusing on simplicity and functionality can add significant value. Although it can cost about $10,000 to install a deck, if you’re handy with tools it can be about half the cost to DIY it. Don’t forget about deck lighting either, as it can make all the difference.
#5 Upgrade your insulation
It isn’t the most exciting renovation, but at only $2,100 it is one of the cheaper projects to take on that will add value to your home and save you money on your utility bills all year long.
#6 Get creative to increase storage
Ample amounts of storage have always been coveted by buyers, and there may be some out-of-the-box storage solutions you can use to add value to your house. Consider opening up drywall to create storage cubbies between your wall’s studs, or installing platform storage that hangs from your garage ceiling. One mom even repurposed an old set of drawers to take advantage of storage space under a basement staircase.
#7 Install landscape lighting
Exterior lighting has numerous benefits, such as accenting features you like most about your house and helping keep burglars away, and it ranks as one of the top outdoor features people want. For some homeowners, installing motion-detecting lights can lower their insurance premiums. If you decide to install lights, put them on a timer so you don’t waste energy running them during daylight, and be sure to choose a warm, white light that will make your home look more inviting as opposed to a harsh stark lighting.
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