Adding Value to Your Home
Which items will add value to your home and help with resale when the time comes?
The answer is: Only the updates that future buyers would want and be willing to pay a higher price for. As a general rule, choosing functional updates over cosmetic ones and choosing neutral paint colors will yield a better return at resale. A buyer's personal taste and current design trends can also impact the perceived value of any home improvements you make.
Which updates will add the most value?
- Updates that increase usable space (an extra bathroom, larger and/or upgraded kitchen, master bedroom suite, more closet space, conversion of unused space to a home office).
- Updates that will lighten and brighten your rooms (white or light color paint and floor coverings, light woods, skylights, larger windows, French doors).
- Updates that will open your home to the outdoors for fresh air and entertaining (French doors to the patio or garden).
- Updates that will increase privacy and security (fencing, landscaping).