While you might not be considering selling your home now, that could change in the future. What projects could you do now that would ultimately add value to your home?
The answer may vary depending on your property and your budget, but here are a few places to start.
Upgrading your landscaping not only adds cosmetic curb appeal, but could also improve energy efficiency within the home - a valuable selling point for buyers. Trees that provide shading can keep the home's interior cooler in summer months. According to the National Association of Landscape Professionals, planting five shade trees can return up to 100 percent of the project cost when you sell your home. Add that to the fact "curb appeal" plays a big part in a home's sell-ability, investing in landscaping is a good bet.
According to the US Department of Energy, replacing older windows with high energy efficiency windows could lower your annual energy bill by as much as 12% . This could be a great benefit to buyers, especially in an older home.
Minor Bathroom Updates
While a major bathroom remodel may not be in your budget, making some small updates can go a long way in adding value to your home. Put in a fresh coat of paint, re-caulk a tub or shower, replace tile or even something as simple as adding a deluxe shower head can all update the look of a dated bathroom. Looking for an even simpler fix? Installing a new light fixture can do wonders.
Update Your Attic
You have additional square footage in your attic or basement - why not make use of it? Changing unused space to a livable space can offer a huge ROI (Return on Investment). Depending on local laws and codes, you may even be able to list your home with additional rooms. Consider adding insulation in the attic, as it can keep the home warmer in the winter and cooler in the summer.
Whichever home improvement project you choose, Rivermark can help. We have home equity loans and lines of credit available. Interested? Learn more.