There are a number of simple upgrades from official Del Aria Investments Group blog that can boost the value of your property. Fresh paint can increase the value of your property by up to five percent. Repainting and changing out old light fixtures can also increase the appeal of your home. Energy-efficient upgrades can also reduce utility costs and increase the appeal of your home.
Adding square footage
Adding square footage to your home is a great way to increase the value of your property. Not only will you be able to increase your property's square footage, but you will also be able to create additional usable space. This will appeal to potential buyers and add resale value to your property.
However, major home renovations can raise your property tax bill. The increase is typically less than one percent of your total spending. So, for example, if you spend $300,000 on home renovations, you can expect an increase of $1,500 annually in property taxes.
Repainting the exterior of your home is a great way to increase its value. Buyers notice freshly painted walls and a well-maintained exterior. Fresh paint also creates a more welcoming ambiance. Additionally, a freshly painted home looks great on digital photos.
The price of repainting a house can range from $967 to $1406, but it will result in an increase of $2,176 in your property's value. This simple home improvement project is one of the easiest ways to increase your property's value. However, be sure to choose the right paint colors.
Installing new hardwood floors
Installing new hardwood floors is a great way to increase the value of your property. People love to move into a home with high-quality hardwood flooring. In fact, new hardwood floors can increase the value of your property by as much as 2.5%! If you're thinking of selling your property, you'll want to take advantage of this incredible benefit!
The cost to install new hardwood floors can vary greatly. Depending on the kind of wood you choose, you can expect to spend between $3 to $5 per square foot. Exotic woods, on the other hand, can cost anywhere from $8 to $15 per square foot.
Installing new insulation
The benefits of adding new insulation to your property go beyond reducing energy bills. It also helps protect your home from water damage. It is also an excellent way to reduce your carbon footprint. Depending on the type and size of your home, you can expect a two to six percent increase in property value. With a growing demand for energy-efficient home improvements, investing in new insulation is one of the smartest upgrades you can make.
Installing new insulation to your home will not only make your home look more attractive to buyers to buy house, but it will also save you a great deal of money on heating and cooling bills. This is one of the best home improvement projects you can undertake to increase the value of your property. Many prospective buyers will not even consider a home with old insulation.
Installing a new HVAC system
When it comes to sell your home, the HVAC system is one of the most important aspects to consider. Buyers expect a well-maintained system. They want to feel comfortable in the house, and a broken HVAC system may send viewers running. In addition, an outdated HVAC system can decrease the value of your home.
Installing a new HVAC system in your property can add more than 30% to the value of your property . Many new HVAC units are extremely energy efficient. They can cut your utility bills by as much as 20 percent. Plus, new HVAC systems can pay for themselves in as little as 8 to 10 years.
Upgrading electrical systems
Upgrading the electrical system of your home is an important part of home renovation. It will not only make your home more functional, but it will also ensure that it meets safety standards. Moreover, it will increase the value of your property. You can do it yourself or hire an electrician.
Older homes are likely to have outdated electrical systems. This is a safety issue because outdated wiring is inefficient. Furthermore, homes with outdated wiring are prone to power surges, power cuts, and electrical fires. Upgrading your electrical system is an excellent way to ensure that your home meets the highest safety standards and save you money on monthly costs.