How to Boost Your Home’s Property Value
One of the advantages of owning your home is being able to customize it to your tastes whether you want to add a theater room for screening entertainment or creating a backyard oasis with a pool and barbecue pit. However, if you’re interested in selling your property sometime in the future, you should consider how any renovation can affect property values. Here are some projects that can boost the price of your home.
Add a Fresh Coat
Numerous studies have shown that adding a fresh coat of paint in a contemporary shade can increase the price of your home. New paint in neutral colors can visually expand a room and make it seem brighter by reflecting available light. Painting a room is also a job you can do yourself, which makes this renovation inexpensive.
Windows comprise not only a decorative element from the inside and outside of your home but allow light and fresh air to circulate through the interior. So replacing them can beautify the exterior as well as save you anywhere from $25 to $450 a year in cooling and heating costs, according to the US ENERGY STAR® program. Condensation between glass, rotting frames, or too much exterior noise seeping into your interiors may signal that it’s time to consider replacements. Consider using vinyl-clad options for durability and dual-pane versions to maximize sound and climate insulation.
Upgrade the Garage Door
The garage door forms the largest entry point that you see when you look at a house from the street and can affect its curb appeal. Maybe that’s why replacing an outdated version with the latest steel model can increase your property value by 98.3 percent of its installation costs. According to the 2018 Cost vs. Value report of Remodeling Magazine, a garage door that costs $3,470 to install will only take $60 out of your wallet after you sell your home. This assumes an upscale 16x7-foot door and tracks that reuses the existing motorized opener. As an added benefit, this door helps lower your utility bill in the winter by providing a minimum R-12 insulation. At Wayne Overhead Door Sales and Home Improvements, we can offer you a plethora of garage door choices.
Change Entry Doors
Changing your entry door rewards you with 90 percent of its cost during resale, according to the same Remodeling Magazine report because the door is the first thing that welcomes visitors to your door. This assumes a steel replacement with the same factory-finished color on both sides and a dual-pane half-glass clear panel. A new door can also improve security by being harder to compromise and may contain smart entry features such as a keypad. Such renovations are easy to do and are relatively affordable.
When you want to know more about value-added renovations or want to get started on one for your home, please contact us at Wayne Overhead Door Sales and Home Improvements.