5 projects that add value to your home

Being a homeowner usually means there’s always something to do or improve around the house. It may seem like there’s always something on your to-do list, as new things  pop up that require attention. Eventually, after picking away at a few small tasks, you may realize your home could use a bit of a refresh. When determining which projects to tackle first (because you don’t need to do them all at once!), you should consider if any of them will add value to your home. Carefully selecting a few projects at a time will help make your home more valuable, without you going completely broke in the process. Here are our top five recommendations.

#1 Refreshing your paint

You don’t always need to knock down walls and tear apart your entire home to add value. In fact, paint is one of the top projects that add value, without the destruction. The colour of your walls can play a key part in your home’s appeal. Even if people don’t consciously pay much attention to your home’s paint job, the right colours can create an atmosphere that will entice buyers. If you have outdated colours, faded or scratched walls, or old wallpaper, potential buyers (if you’re selling) are more likely to feel uncertain or wary about your home, even if they’re not quite sure why. Repainting your walls with neutrals helps open up and brighten spaces to make them seem more airy, fresh, and inviting. If you’re worried about making your walls look too clinical, you can use light greys instead of pure whites to achieve the same effect. 

#2 New lighting fixtures

The lighting fixtures in your home can add a lot to its value, or take away from it. Lights that hardly add any brightness to a room when turned on, or fixtures that are clearly outdated, are not the ones you want in your home. Some outdated fixtures include things like plastic chandeliers or candelabras. Even edison bulbs, once very trendy, are a bit overused now. Harsh and flat light is also a sign it might be time to upgrade to something with more value. You can invest in timeless lighting pieces like simple fixtures that are flush with the ceiling, or invest in more trendy ones now if you plan to sell soon. The right kind of lighting acts as an accessory that complements your home and increases its value.

#3 Landscaping

We know it’s the middle of winter, and you might not even be able to see your yard if it’s buried under snow. Still, you can start planning what you want to do with your yard for the warmer months, so you can get a head start once the snow melts. Depending on your property size, you may be able to do some work on your front yard to enhance your home’s curb appeal. You can consider planting a garden or trees to break up empty space, increase colours, or add eventual shade. You could also add a paved walkway to your front door, with stones or interlocking bricks. If your driveway is cracked and sun faded, you could have it repaved for a fresh look. Curb appeal is a big part of your home, so focus on outdoor projects that add value.

#4 Remodeling a bathroom

If you’re thinking about redoing a room in your home, we recommend prioritizing the bathrooms. These rooms get the most use, and they can get dated or grimy easily. The four main elements of a bathroom — the sinks, countertops, toilet, and shower — will need the most attention. Faded or yellowed items can be replaced with fixtures in a fresh white material.  You can also choose a countertop material that matches the room. You don’t need to have the most luxurious or expensive bathroom, but having a clean, fresh appearance will add lots of value to your home. If you want to incorporate some colour, consider adding pictures or a vibrant shower curtain to tie everything together. 

#5 Installing hardwood flooring

Finally, flooring is something that can make a big difference throughout your home. Hardwood flooring is very popular, timeless, and durable. It’s easy to match and accessorize, making it a classic choice for all home owners. If you have tiles or carpeted flooring, you can install hardwood flooring to immediately add value to your home. Tiles can crack, and carpets can get faded or stained, but hardwood floors are easy to clean and maintain.

There are endless options for home projects and renovations, but you only need to focus on the projects that add value to your home. If you plan to sell in the future, taking care of some of these items now will mean less work for you when it’s time to list your home. Be strategic about your renovations, and take some time to decide which projects will suit your needs best.

If you have questions about your home or mortgage, give us a call at Centum Home Lenders! You can reach us at 506-854-6847, or get in touch with us here.