Home upgrades help a lot in improving the functionality and design of a home, but will they automatically add market value to a property?

Real estate experts say not all upgrades can be helpful especially if they are odd or overboard. For instance a drastic kitchen upgrade that has become too expensive, a new swimming pool, or a hard-to-maintain lawn or garden. While this may sell, it may take longer to sell it a good cost that could recoup the upgrade investment.

Home Upgrades that Add Value to a Property
A simple kitchen upgrade can do wonders to the market value of any home. (Photo Credits)

Home improvement website This Old House meanwhile says a retouch of the bathroom could go a long way in terms of increasing the market value of a property.

“Some upgrades are cheap, easy, and fast…especially in the bathroom. Replace frosted glass for clear glass, clean the grout, remove rust stains, apply fresh caulk, update doorknobs and cabinet pulls, replace faucets, and install a low-flush toilet. Even buying a new toilet seat can make a difference.”

Check out the rest of the article here.

Kitchen improvement

Forbes.com also came up with a write-up on boosting a home’s market value. Like the above-mentioned article, their write-up also mentioned that bathroom upgrades increase home value, and so are kitchen improvements.

“Start by replacing old appliances with new, and make sure all appliances match if possible. You can reface or replace outdated cabinets, as well as revive old flooring with newer tile or vinyl options. And even very simple updates, like a backsplash or new appliances, can be a valuable place to put your money.”

Check out the rest of the article here.

Energy Efficiency Prioritized

Personal Finance website Nerdwallet.com also mentioned home upgrades and mini renovations that add value to the home. One of the five upgrades mentioned in their web post is energy efficiency upgrades.

“Consider double-paned windows, enhanced attic insulation, LED lighting and efficient appliances as a way to increase home value and entice energy-conscious buyers. If you’re willing to go bigger, put solar panels on the roof. Thirty-nine percent of agents surveyed recently by the National Association of Realtors said solar panels increased perceived property value.”

The rest of the other improvements can be read here.

Real estate experts also say that adding space to the home either through another bathroom or a home office can help increase the home value. Upping the curb appeal through a well-maintained (but easy to maintain) lawn should also help. For some younger homeowners, “smart” improvements like digital safety and security features, enhanced fire and smoke detection systems, smart thermostat and lighting, carbon monoxide detectors, anti-burglar and automated door lock systems.

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