Best Home Improvements that Add Value

best home improvements that add value

For every homeowner, there's always the reality that one day you're going to move. Whether it's in the next few months or off in the far distant future, the renovations and improvements you do to your home matter for later. But what home improvements add value to your house will make you money when it's time to get cash for your house

After all, some of these decisions have huge financial implications and require large investments that you will need to live with until you sell your home. But before we suggest our best home upgrades, let's talk about budgeting tips.

Best budgeting advice for home upgrades that add value 

No matter why or when you're planning on starting your renovation on your home, it's important to understand some budgeting basics. 

Pay for improvements in cash

As a generalization, you should always plan to pay for improvements in cash. This means setting a tight budget for projects. A drawback of this method is that your capital is tied into the property until you sell it. 

Then again, you're completely avoiding the need to pay debt installments to a creditor and the attached interest.

Using financing for renovations

Many homeowners will have to utilize financing options to complete the best home improvements to increase the value of their property. This is especially true if they're unable to put away a lump sum of cash, and are planning to sell the house fast

There are two routes to take when seeking financial help. But note that most lenders will require that the loan amount and your mortgage added together are total less than 90% of the house's pre-renovated value. 

Second Mortgage

This method allows you access to a lump sum of cash. Like your original mortgage on your home, you'll be charged repayments at a fixed interest rate. 

Home Equity Line Of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is secured by the equity in your home and works like a revolving credit line. This means you can borrow what you need, whenever you need it, but this loan is made to you with variable interest rates. In layman's terms, your repayment amounts can fluctuate.

If you're in a financially tight spot, we'd suggest not renovating your house right before you sell. As most easy home improvements often don't equal a good return on investment (ROI).  

Now that you know your budgeting methods, let's talk about what are the best home improvements to increase the value of your house. 

7 projects that are the best home improvements to add value

With any home, there are hundreds of jobs that could be done. But what are the best upgrades to sell a house? Let's take a look at them: 

Kitchen upgrade

The heart of any home is the kitchen. It's where the family gathers to share their stories. We feel like it is the main highlight feature of any home. A kitchen in a poor state can easily scare away any eager buyers. 

But, be warned about the level of investment you pour into your kitchen. According to Remodeling magazine's Cost Vs Value National Data Report for 2020, a major kitchen remodeling, on an upscale budget, saw a return of 53.9% on investment. Compare this to a minor kitchen remodel in the mid-range segment, which saw a 77.6% return. 

This jump could be attributed to the fact that often a major kitchen remodeling can eat through the budget in no time, leaving the rest of the home untouched. If the heart of the home doesn't match the rest of the house, it can be off-putting for potential buyers. 

Remember, a minor paint job goes a long way to transforming a space. Also, replacing inefficient appliances can also be a big drawcard, as energy saving is long term saving. It also looks good to the environmentally-conscious buyer. 

Bathroom additions

Once again, according to Remodeling Magazine's report, you'll be better off not going overboard when upgrading the bathroom, with a cost recoup of around 64% for a midrange renovation. 

If your property is a one bathroom home, it might be wise to find additional space to fit an additional bathroom. While the size of this addition is dependent on how much room you can spare, whether it is under a staircase, in a subdivided room, or a transformed closet area, for any ensuite bathroom you'll need at least 18 square feet. And for those looking to add a full bathroom with bath and shower, you'll need to find double that floor space. 

For those looking to cut costs, remember you can by choosing different fittings and finishes in your bathroom. 

Judge your house by its cover

Curbside appeal is a major factor in the modern market. It's the first image most potential buyers will come across when browsing through properties on the web, or see when they drive by the for sale sign.

The two highest returns on investments, according to Remodeling Magazine's report, is manufactured stone veneer at 95.6% recouped, and garage door replacements at 94.5% recouped. 

What your house looks like to the outside world - matters. 

Energy-efficient windows

Modern property buyers are aware of the importance of good windows in a home. Poor windows are not only an eyesore but are also energy inefficient. And in 2020, efficiency equals savings in the long run. 

According to Remodeling Magazine's report, vinyl window replacements saw a 72.3% recoup on their investment. In certain states, you might also be able to cash in on green energy tax credits. 

Another feature of energy-efficient windows is better sound-proofing which is handy if you want to block out the Saturday neighborhood grass-cutting onslaught. 

Outside entertaining

Nothing is more American than enjoying the outdoors with family and friends. And when you have access to your own impressive deck and BBQ, you're living the dream. 

Adding an additional deck to your home might be a project to undertake while you are still enjoying the house. It's a feature a potential buyer loves and allows you to potentially. 

Remodeling Magazine's report says that by adding an additional wooden deck you could recoup 72.1% of the initial investment. While this is a labor-intensive job, you can save a substantial amount by taking on the task yourself. But, before you head off to Lowe's, make sure to crunch the numbers around the cost of purchasing the tools required for the job. 

And if you're not willing to put the blood, sweat, and tears into the job, make sure to shop around for the best contractor quote. 

Insulation is key

In the modern world, having the best insulation in your home can save you a bundle. Heating and cooling a home is an expensive monthly cost. If you've invested in these solutions before selling your home, you're in fact passing on these savings to the next buyer. 

Leaks in insulation can be discovered all over the home:

  • around doors and windows
  • lighting fixtures
  • attic entrances
  • electric sockets and light switches
  • from the basement
  • any outlets to the outside of the house

The details matter

As the expression goes, "The details matter." 

The same is true for your home. A fresh coat of paint, a fixed leak in the roof, replacing aging wooden fixtures, and removing mold from the ceiling in the bathroom: It's these details that potential buyers notice. 

Simply making sure that the details are attended to can mean you'll find the right buyer for your home. 

Now that we've addressed the best home upgrades that will add value to your house, let's touch on the projects you should avoid. 

Projects to avoid

Swimming pools

It may seem odd, but the idea of owning a pool is a divisive topic. Owning a swimming pool is a commitment for a potential homeowner, who will need to clean and. maintain it very regularly. Also, for young families, it is a safety hazard for their children. And with its big price tag, you'd be better off avoiding it. 

High-end landscaping

While many love walking through amazing gardens, investing in the upkeep is something that scares many people. Don't confuse this with the curbside appeal factor, as this is directly focused on plants, lawn, and garden beds. 

Unless the next buyer is a keen gardener, it is unlikely they'll be willing to take over your project. 

If you need to sell your house fast 

Many readers of this article will have two problems. First, access to the capital, and second, the motivation to take action on any of these renovations.  Upgrading a home also takes time, which we all know costs money. So, now you're looking at selling your house as-is, but who will buy it? 

The short answer: House Buyers of America. We buy houses for cash, fast and hassle-free

How does it work to sell your house to House Buyers of America?

Call 855-659-3289, or fill out our online form, and we'll give you a cash offer for your home in 10 minutes

  • We will come to your house, walk you through our offer and review all the document documentation
  • We pride ourselves at buying houses “as-is”
  • And there's a reason why we have so many five star reviews, our process simply works.

Call House Buyers of America or fill out our  online form today for your fair cash offer in 10 minutes!

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Sell your home directly to House Buyers of America and can skip all the hassle and months of uncertainty. Simply enter your address – and get our offer with a few simple steps.

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Cities and Counties in Maryland Where We Buy Houses Aberdeen Adelphi Annapolis Baltimore Bel-Air Beltsville Bowie Burtonsville Bushwood Catonsville Chesapeake Beach Chevy Chase Chillum Clinton Colesville College Park Columbia Crofton Darnestown Edgewater Eldersburg Elkton Essex Fells Point Fort Washington Frederick Gaithersburg Glen Burnie Greenbelt Gwynn Oak Halethorpe Havre De Grace Hyattsville Indian Head Lanham Leonardtown Lexington Park Lochearn Marlow Heights Mechanicsville Milford Mill Monkton Monrovia Montgomery County Mount Rainier Nanjemoy Olney Oxon Hill Pikesville Potomac Prince George's County Randallstown Rockville Rosedale Walkersville West River White Plains And more! We’ve worked hard to establish the best platform for quickly selling your home in Maryland. With our “We Buy Maryland Houses” program, you can quickly get your home off your hands, all for a very fair price. We’d love to chat more about finding ways to sell your Maryland property and help you achieve your long-term financial goals. Why You Should Use House Buyers of America Selling a house is stressful enough, even if you live in a very competitive state for housing like Maryland. When you add in the trials of trying to sell your house during a personal financial emergency or the emotions of an estate sale, it can be overwhelming. Let House Buyers of America buy your house; as suggested, we buy houses in Maryland and we put a lot of pride into our work. Here are just a few ways House Buyers of America can make a real difference: No Commission Yes, you read that right. House Buyers of America takes no commission when buying your home. This frees up at least 6% in the value of your home, significant savings that you can apply to your next home. With Maryland’s high real estate values, that means you could potentially save tens of thousands of dollars. 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Our commitment to a speedy sale is a hallmark of House Buyers of America. Any Condition, AS IS This is not a gimmick. We buy houses AS IS in Maryland, in any condition—from a tear-down to relatively new houses. Whether it needs tons of repairs or no repairs at all, our purchases are not made based on the condition of the home. Our offers are made in cash for any condition and on an AS IS basis. When Should You Use House Buyers of America? Clients of House Buyers of America range across demographics, ages, and financial situations. We help make it possible for Maryland homeowners to achieve their financial dreams. As a result, there are certain reasons why our customers tell us why they sell their houses to us. Job Transfer Did you just get a promotion that requires you to relocate? Or maybe your local office is closing down and you have to relocate to another city quickly in order to keep your job. Whatever your job transfer needs are, we offer cash for your home and we can close quickly. Buying a New House Perhaps the thought of juggling the sale of your current home and purchasing a new one at the same time in the same local market might be creating a lot of stress. Have you considered having to have your home staged and then factor in coordinating where to live after you sell? What should you do? Put a home sale contingency in an offer to purchase a new house and risk making your offer much less competitive. Or should you buy a house first and then risk not being able to sell your current house, leaving you stuck with two mortgages? This is the age-old real estate dilemma. If you’re in this situation, you’ve come to the right place! With House Buyers of America, you get a guaranteed sale of your house and we’re flexible on the closing date (and no closing costs). After the purchase agreement is signed, your home sale is covered and you can start looking for a new home without worrying about selling your existing home. Divorce Divorce can be a huge disruptor, emotionally and financially. In most cases, the divorced couple needs to sell their house fast so they can divvy up the assets and make a clean break. Many in a divorce situation look for a “sell my house fast Maryland” company so they can sell their house without having to go through the arduous process of a traditional sale. Finding a real estate agent, renovating, cleaning, and staging the house, agreeing on a list price, negotiating the terms of the contract, etc. This is normally a stressful enough task, but if you add divorce into the mix, it feels impossible. Why not pick up the phone and get an offer in 10 minutes? Or simply fill out our online form and get an offer quickly. No need to renovate, stage, select a Realtor, and deal with people traipsing through your house and losing all of your privacy for 6-12 months. Real solutions are well within reach. There is an alternative: House Buyers of America! Financial Distress Are you in a financial bind with thousands of dollars locked away in your home? Most people do not realize they can directly access the accumulated equity of their home in their hands in as little as 7 days until they contact House Buyers of America. We offer fair prices for when you need an immediate cash infusion to stave off foreclosure, bankruptcy, or whatever life throws at you. Medical Emergency, Retired, Downsizing Some of our clients are elderly and have stayed in their homes for years, but have stumbled into a medical emergency and need the equity in their homes to pay for hospital bills. When this is the case, whether you are a homeowner or a care provider, you might need to sell your Maryland home quite quickly. Others simply want a hassle-free solution for downsizing into a smaller home and want equity in their legacy home. Estate Sales House Buyers of America have also helped thousands of people who have suddenly inherited an unwanted or unneeded property. When dealing with an estate, many heirs can’t decide or agree on when to sell the house or who will take care of the paperwork, so the house is left sitting vacant and deteriorating for months or years. Estate sales can bring out the worst in people and families often get torn apart in the process. The traditional real estate process can be complicated and often doesn’t work well for estate sales. The unique estate laws that apply in Maryland can also create some additional complications. So why not try a simple, fast, and hassle-free solution that all of your family members can agree on? Get an all-cash offer in as little as 10 minutes by contacting House Buyers of America. A Fresh Start We’ve talked about several reasons you might want to sell your Maryland house to a cash buyer. Then there are those unfortunate circumstances in life that require a complete and total liquidation of your assets when you need a speedy exit from your current home and town. By getting an all-cash, guaranteed offer from House Buyers of America and getting your house sold in as little as 7 days, you get that fresh start without waiting. That’s why we continue to be the choice of people looking to “sell house fast in Maryland,” as well as other nearby states.