Top 5 Home Improvements to Skyrocket Your Property Value

by - August 11, 2023

Homeowners looking to increase their property value, whether for personal reasons or a possible sale, can make certain home improvements. However, not all home improvements are created equal. Some upgrades offer a higher return on investment (ROI) than others, making them more worthwhile in the long run. In this blog post, Brandon Gilkey will highlight the top 5 home improvements that are sure to skyrocket your property value.


Kitchen Remodel

The kitchen is often considered the heart of a home, and it’s no surprise that kitchen remodels provide a high ROI. Upgrading old cabinetry, replacing outdated appliances, and installing granite or quartz countertops all offer a great return on investment. Additionally, a kitchen remodel can make the home more appealing to potential buyers, as many people are willing to pay a premium for a newly renovated kitchen.


Bathroom Renovation

A well-appointed bathroom can make a big impact on a home’s value. Adding a second bathroom or remodeling an existing one with modern fixtures and finishes can make a huge difference. Many buyers are willing to pay extra for a luxurious bathroom, so investing in updated sink faucets, showerheads, and even a new bathtub can significantly impact your ROI.


Energy-Efficient Upgrades

Energy-efficient upgrades are among the best ways to increase a home’s value. Many buyers today are looking for energy-efficient features to help reduce utility costs. Adding insulation to the attic, installing energy-efficient windows, and upgrading to a smart thermostat can all help make the home more efficient. These features increase the property's value and make it more appealing to potential buyers.


Examples of Energy-Efficient Upgrades

Solar Panels

Solar panels are one of the most significant energy-efficient upgrades homeowners can invest in. These solar panels can drastically reduce electricity costs and generate surplus power that can be sold back to the grid, resulting in an impressive ROI over time.

LED Lighting

Replacing traditional incandescent or compact fluorescent bulbs with LED lighting is another highly effective energy-efficient upgrade. Not only do LED lights use less energy, but they also have a much longer lifespan, reducing the need for frequent replacements.

Energy-Star Appliances

Replacing older appliances with newer Energy Star-certified models can also contribute to energy efficiency. These appliances use less energy and water, resulting in lower utility bills and a more eco-friendly home.


Tankless Water Heater

Upgrading to a tankless water heater can yield substantial energy savings. Unlike traditional water heaters that continuously heat a large water tank Energy Star certified models, tankless models heat water on demand, resulting in less energy consumption.

Programmable Thermostat

A programmable thermostat allows homeowners to customize their heating and cooling schedules, reducing energy usage when the home is unoccupied. Some models can even learn household habits, further optimizing energy use.


Landscaping

The exterior of a home is just as important as the interior. Not only can a well-manicured lawn and attractive landscaping add curb appeal, but it can also increase your home’s value. Consider adding a new patio, updating the deck, or planting a garden to enhance the exterior space. Investing in a professional landscaping service can also help ensure the lawn is always picture-perfect.


Additional Living Space

Adding livable space is one of the best ways to increase a home’s value. Consider finishing the basement, adding a sunroom, or converting the attic to a bedroom. These types of projects maximize living space and provide a great ROI.


Conclusion

There are numerous ways to add value to a home, but not all home improvements offer the same ROI. Brandon Gilkey suggests focusing on the kitchen, bathroom, energy-efficient upgrades, landscaping, and additional living space are all top home improvements that can provide the biggest return on investment. By completing these renovations, homeowners will increase their property value and make the home more appealing to potential buyers, setting them up for a great sale if the time comes.
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