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7 Simple Ways to Raise Your Home’s Value

7 Simple Ways to Raise Your Home's Value 7 Simple Ways to Raise Your Home's Value
When it comes time to tackle your remodeling list, one question always seems to be top of mind—is it going to be worth it? Should you gut your bathroom and replace your old tile with something fresh? What about upgrading your kitchen appliances? And do you even begin digging up your backyard to put in a pool for you and your guests to enjoy?

If you’re considering renovating your house, you may already be asking yourself similar questions. But when it comes to increasing the resale value of your home, the answer is always yes. Yes, you should take the time to perfect your new bathroom. Yes, you should replace your outdated kitchen appliances. And yes, you should probably make it a priority to dig up your backyard in order to install a pool.

Taking the time to complete simple renovations will greatly increase your home’s value. By strategically spending a few reno dollars here and there, you have the opportunity to boost your resale value and earn back the budget you originally invested.

At Imperial Wholesale, we want to ensure your renovation budget is well spent, which is why we’re sharing seven simple ways to maximize your home’s value while staying on a budget.

Follow along for insight on how to increase the value of your home through:
  1. Upgrading your kitchen
  2. Remodeling your bathroom
  3. “Un-doing” your tailored rooms
  4. Going green
  5. Installing a pool
  6. Creating some curb appeal
  7. Staying on trend

Increase the value of your home by upgrading your kitchen

It’s true when they say the kitchen is the heart of your home. It’s the perfect place to gather and is an essential element to your everyday life. When you take the time to remodel the kitchen in your home, people are going to notice.

A complete kitchen remodel has the opportunity to transform the look and feel of your entire home. But before diving into this project, it’s important to first research and define the parameters of your renovation. To inspire your research, we recommend using our Principles of Kitchen Design resource to your advantage.

While a complete kitchen remodel is effective in transforming the look of your home, it comes with a hefty cost. Experts say that after a kitchen remodel, you may only be able to recoup around 65 percent of your total investment. So if you find you have a fairly new kitchen, it may be best to forego a complete remodel and focus your efforts on settle upgrades.

Some simple upgrades that will increase your value include:
  • Painting your cabinets
  • Adding a simple backsplash
  • Upgrading your kitchen appliances
  • Installing smaller fixtures like lighting, faucets, or cabinet knobs
These simple upgrades can give you the same effect of a complete kitchen remodel, at a fraction of the cost.

Get the most bang for your buck by giving your bathroom a makeover

If your bathroom currently has a dirty or cracked vanity, toilet, or bathtub, you could be turning-off perspective buyers. In fact, an upgraded bathroom is one of the main things that buyers look for when purchasing a new home. So, to get the most bang out of your buck on your resale, upgrading your bathroom is key.

When it comes to making the most out of this project, cost does not always equal quality. With the right projects in mind, you can completely transform your bathroom without breaking the bank. For example, instead of purchasing a brand new bath tub, try reglazing it to cut back on costs. When that’s completed, add in a simple backsplash or wall tile and your once outdated tub will look good as new. The same concept applies to your vanity. Instead of gutting your vanity, try applying a fresh coat of paint, mounting newly upgraded light fixtures, and installing a sleek, new countertop.

Increasing your home’s value by upgrading your bathroom doesn’t have to be a daunting, costly project. By being strategic about your renovation and reworking the elements already in your bathroom, you can easily impress your perspective buyers and increase the value of your home.

Make sure your rooms are standardized and “un-do” your tailored remodels

Many times, once you get into the mindset of renovating, it’s hard to know where to stop. As an example, you may be tempted to convert your extra bedroom into a customized space to satisfy your interests.

You may long to install a wine cellar for your monthly gatherings, a man cave to enjoy during game days, or a library where you can admire your collection of novels. While these ideas may seem appealing to you and the members of your home, it’s important to remain in the mindset of your potential buyer.

When remodeling for the purpose of an increased resale value, it’s best to play it safe with your projects. Leave your extra bedrooms in the form of extra bedrooms and “un-do” the tailored remodels you may already have in your home. By keeping your projects standardized, your house will remain relevant to all potential buyers, which will ultimately increase the demand and value of your home.

Appeal to your target audience by going green

Go green. Most likely, you’ve heard this saying a million times before. In society, you’re constantly being reminded to reuse, reduce, and recycle. This is all in an effort to transform our planet into an eco-friendly, energy-efficient environment.

Just as going green has become a trend within society, similar initiatives have been bleeding into the home market. And now, more than ever, this trend is a growing demand home buyers are looking for with the purchase of their new home. So, whether you support these initiatives or not, taking on the project of transforming your home into an energy-efficient, sustainable dwelling, is one of the best ways to increase your overall value.

Some easy and practical ways to transform your house into an energy-efficient home includes:
  • Sealing gaps around your doors and windows
  • Cutting back on your sprinkler system
  • Replacing your lightbulb with energy-efficient bulbs
  • Fixing leaking faucets
On the other hand, some more intricate and impactful ways to make your house sustainable include:
  • Creating a recycling and compost station
  • Mounting low-flow showerheads
  • Installing solar panels
Implementing energy-efficient items into your home will not only increase your value, but also help you to cut costs on your monthly bills. For more information on the benefits of an energy-efficient home, we recommend turning to Regreen, a site created by the U.S. Green Building Council and the American Society of Interior Designers Foundation.

Boost your resale value by installing a pool

Notoriously, there’s always been a debate on the topic of pools adding value to homes. Some tend to think that pools add value, due to the perk of a staycation environment, while others tend to think it doesn’t, due to the increased liability you or your future buyers assume.

However, especially within the sunny state of Arizona, we believe pools are a necessary aspect of your remodel. Pools cater to the needs of your perspective buyers and can greatly increase the value of your home.

Before making any immediate remodel decisions, it’s important to do some research to ensure your project satisfies your needs. For inspiration, be sure to read 5 Ways to Get Your Pool Ready for Summer or stop by our Phoenix or Mesa locations for a free estimate and design consultation.

Creating curb appeal will draw in your buyers

Don’t judge a book by its cover. We’ve all heard this lesson before. It applies to many situations including meeting new people and first impressions. However, within the home market, this lesson unfortunately doesn’t apply. Because in most cases, people are going to judge your home based off its “cover.”

In order to attract prospective buyers and raise your resale value, it’s important to remember that curb appeal helps sell your home. It’s as simple as that.

At a bare minimum, your home’s exterior should be up to the standards of the rest of your neighborhood. If your house sticks out in a negative way, it’s time to make a change.

Some easy renovations that’ll improve the appearance of your home’s exterior include:
  • Painting your front door
  • Installing a paved walkway
  • Planting bushes, trees, or flowers
  • Adding a fountain
  • Upgrading your garage door
  • Accessorizing with exterior furniture
To get an accurate quote on your ideal landscaping renovation, we suggest calling one of our experts. We’ll provide you with free estimates, financing options, installation, and anything else you may need to improve the exterior of your home at a low price.

Ensure that your renovations are on trend

It’s best to be strategic about your renovation projects. If something is fairly new, work around it. Refurbish it, repaint it, and redesign it so that it meets your needs. This will help save costs on your end, while still increasing the value of your home.

However, there are some things that are a renovation must. Popcorn ceilings, tacky fixtures, old wallpaper, and stained carpets are all eyesores to perspective buyers. These projects are ones that you’ll want to gut, replace, and remodel for a fresh start. Yet, these replacements don’t need to be costly or high-end. Instead, think clean, simple, and contemporary. This will help keep your remodel on-trend and within the parameters of your budget.

To get a jump start on your home’s renovation, visit us at one of our locations or give us a call. Our experts will help you establish a plan to increase the value of your home, while staying within your budget.