October 6, 2024

Tohdad

Design with distinction

Top Home Services to Raise Property Value

Top Home Services to Raise Property Value

Top Home Services to Raise Property Value

Whether you’re planning to sell your home soon or just want to invest in its future, home improvements that raise property value are always a good idea. But not all upgrades are created equal. Some services offer a higher return on investment (ROI) than others, providing both immediate benefits in terms of comfort and long-term gains when it’s time to sell.

In this blog post, we’ll explore the top home services that can help you raise your property’s value.

1. Landscaping and Curb Appeal Enhancements

First impressions matter, and that’s why landscaping and curb appeal are high on the list of value-adding services. A well-maintained yard with thoughtful landscaping can increase property value by as much as 10%. This includes tasks like trimming bushes, planting trees, maintaining a healthy lawn, power washing old concrete and adding colorful flowers or shrubs. If you want to take it a step further, consider installing landscape lighting or hardscaping features like walkways, stone patios, or retaining walls.

Services that make a difference:

  • Professional Landscaping: Design services that help you maximize the natural beauty of your property.
  • Hardscaping Installation: Adding durable, attractive elements like stone paths or concrete patios.

By working with professional landscapers, you can ensure that your yard looks pristine and increases the home’s visual appeal, making it more attractive to buyers.

2. Kitchen Renovation

A kitchen renovation is often cited as one of the most effective ways to raise your home’s value. After all, the kitchen is considered the heart of the home, and many buyers place great importance on its functionality and design. You don’t always need to gut the kitchen to increase value—sometimes, small changes like upgrading countertops, installing new appliances, or refacing cabinets can go a long way.

Key upgrades:

  • Countertops: Upgrading to granite, quartz, or marble can immediately enhance the kitchen’s appeal.
  • Appliance Updates: Energy-efficient stainless steel appliances are a big selling point.
  • Cabinet Refacing or Repainting: A fresh look without the cost of replacing the entire cabinetry.

On average, kitchen remodels have an ROI of 60% to 80%, depending on the scope of the renovation.

3. Bathroom Remodel

Along with kitchens, bathrooms are a focal point for homebuyers. Outdated bathrooms can be a dealbreaker, but modernizing them can provide a substantial increase in home value. Whether you choose to install a new shower, update fixtures, or add energy-efficient features like low-flow toilets, bathroom renovations typically have a strong ROI.

Top improvements:

  • New Vanities and Sinks: Modernize with quartz countertops and sleek fixtures.
  • Energy-Efficient Toilets and Faucets: These upgrades appeal to eco-conscious buyers and help lower water bills.
  • Walk-in Showers or Soaking Tubs: Luxury elements like these can really boost the appeal for buyers.

Bathroom remodels can offer an ROI of up to 70%, making this one of the top home services to consider.

4. Concrete Driveways and Walkways

A new or upgraded driveway can instantly improve your home’s exterior. Concrete driveways, in particular, offer long-term durability, low maintenance, and a sleek, modern look that buyers appreciate. Replacing cracked, worn-out driveways with fresh concrete not only adds curb appeal but also improves the overall value of your property.

Additionally, adding or updating walkways with stamped or broom-finished concrete can enhance the aesthetic and functionality of your outdoor spaces, creating a more welcoming and polished exterior.

Services to consider:

  • Driveway Replacement: A clean, well-maintained driveway shows that the home is well cared for.
  • Walkway Installation: Custom concrete paths add sophistication and improve accessibility.

A new concrete driveway can increase your property’s value by up to 10%, making it one of the best investments for outdoor improvements.

5. Energy-Efficient Windows and Doors

With increasing energy costs, many homebuyers prioritize energy efficiency when house hunting. Replacing old, drafty windows with energy-efficient ones can reduce heating and cooling costs, making your home more attractive to eco-conscious buyers. Similarly, upgrading your front door to a modern, energy-efficient model can also improve both curb appeal and energy savings.

Energy-saving solutions:

  • Window Replacement: Double-pane or triple-pane windows with energy-saving coatings provide better insulation.
  • Entry Door Replacement: Steel and fiberglass doors are durable, secure, and often provide a higher ROI than wooden doors.

Installing energy-efficient windows and doors can yield an ROI of up to 75% while also lowering utility bills for you and future buyers.

6. Attic Insulation

Attic insulation might not be the most glamorous upgrade, but it’s one of the most cost-effective ways to increase property value. Proper insulation reduces energy consumption, which helps to lower heating and cooling bills—an attractive selling point for any potential buyer. The best part? Insulation installation is relatively inexpensive compared to other home improvements.

What to look for:

  • Blown-in or Batt Insulation: Both options are effective at reducing energy costs, with blown-in insulation offering better coverage in hard-to-reach areas.
  • Insulation for Energy-Efficiency: Choose insulation materials with high R-values for better thermal performance.

On average, homeowners see an ROI of about 100% for attic insulation, making it one of the highest return home improvements available.

7. Basement Finishing

A finished basement adds valuable living space to your home, making it a great investment if you’re looking to boost property value. Whether you convert your basement into a home office, entertainment room, or guest suite, adding livable square footage is always attractive to buyers. Even a modest basement remodel can make a significant difference in your home’s value.

Key basement upgrades:

  • Drywall and Flooring: Basic finishes can turn an unfinished basement into functional living space.
  • Lighting and Egress Windows: Adequate lighting and windows are essential to make the space feel bright and inviting.

Basement finishing can offer a return of 70% to 75%, depending on the scale of the remodel.

8. Exterior Improvements and Painting

Freshening up your home’s exterior is a cost-effective way to increase its value. This includes cleaning, repairing, and repainting the exterior surfaces, as well as upgrading elements like siding or shutters. A well-maintained exterior creates a welcoming first impression and signals that the home has been cared for, which can increase buyer interest.

Simple yet effective upgrades:

  • Exterior Paint Job: A new coat of paint can do wonders for your home’s look, especially if your current paint is chipped or faded.
  • Siding Repair or Replacement: Modern siding materials like vinyl or fiber cement are durable and energy-efficient.
  • Pressure Washing: Removing dirt and mildew from surfaces like concrete and siding instantly freshens up the exterior.

Exterior updates can add up to 5% to your home’s resale value, especially when combined with other curb appeal improvements.

9. Deck or Patio Installation

Outdoor living spaces are a big draw for many homebuyers. Adding a deck or patio not only enhances your home’s functionality but also increases its value. A well-built concrete patio or wooden deck offers space for entertaining and enjoying the outdoors, which can make your home stand out to potential buyers.

Types of outdoor spaces:

  • Concrete Patios: Durable and customizable, concrete patios offer a high ROI and minimal maintenance.
  • Wooden Decks: A wooden deck provides a natural, rustic look and can be stained or painted to suit your home’s design.

Patio and deck installations can offer an ROI of 60% to 80%, depending on the materials used and the design.

10. Roof Replacement

A new roof is one of the most significant upgrades you can make to your home. Buyers are typically wary of homes with old or damaged roofs, and replacing your roof can significantly improve your home’s appeal and value. Modern roofing materials, like metal or architectural shingles, offer better durability and energy efficiency compared to older roofs.

Roofing improvements:

  • Architectural Shingles: These provide a higher-end look and better performance than standard asphalt shingles.
  • Metal Roofing: Long-lasting and energy-efficient, metal roofs are becoming increasingly popular for their durability.

A new roof can offer an ROI of around 60% to 70%, but more importantly, it ensures your home is safe and protected from the elements.

By investing in these home services, you can significantly raise your property value and make your home more attractive to potential buyers. Whether you’re focusing on curb appeal, energy efficiency, or expanding livable space, each improvement will pay dividends when it’s time to sell.