Home Improvement Ideas That Increase Your Home’s Resale Value

Home improvement is a popular hobby and an easy way to spruce up your house. However, some projects are more cost effective than others, and it’s important to know which ones will have a high return on investment when you eventually sell your home. Fortunately, there are many things you can do to improve your house that will increase its resale value.

According to a recent NerdWallet survey, almost all homeowners are considering home improvement projects within the next two years. These range from small, do-it-yourself projects, such as painting or updating light fixtures, to major renovations like adding an extra bedroom or renovating the kitchen. The most common reasons why people undertake these projects include improving their quality of life, increasing resale value or making their home safer for themselves and family members.

In general, it’s a good idea to make improvements that add up quickly and don’t require extensive professional installation. These are called “low-hanging fruit” or “quick wins.” Examples include replacing dated hardware and adding curb appeal with fresh paint and new gutters. In addition, landscaping such as planting a flowerbed and pruning shrubs can also have a positive impact on your home’s look and feel.

Home improvement spending is expected to slow this year, thanks to rising interest rates and continuing labor issues. But it’s not all bad news: the Joint Center for Housing Studies of Harvard University predicts that remodeling activity will rebound in 2024, after peaking in early Covid-19 lockdowns.

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