8 of the Best Home Updates to Get Your Money’s Worth

Nearly all home updates can improve the aesthetics and function of your home, but some give you more value to each of your dollar spent. We’ve compiled the best home updates that are worth your money to give you an idea which home upgrades to go for more so if you’re planning to sell in the near future.

Backsplash

Adding a backsplash can be as good as a remodel for your kitchen and obviously a lot cheaper. Subway tile backsplash is very popular amongst buyers too and can potentially increase a home’s asking price by as much as 6.9% according to statistics. They can also be installed in your kitchen in just a day or two.

Bathroom Vanity

The bathroom is one of the rooms that can make or break a sale. People truly appreciate bathroom vanities these days so adding one will not only give your bathroom an overhaul that has the same effect as a renovation but will also add to your home’s buyer appeal. A vanity can be installed over the weekend and relatively cheap compared to other home upgrades.

Barn Doors

Barn doors are not just for following trends but also a smart way to free up space while updating a room. They can be installed over closets or in rooms that have little floor space to begin with.

Cabinets

There is a huge difference between attractive functional cabinets versus new cabinets, with form and function winning most of the time. If your cabinets are already a good style, repainting or refinishing them will do. If your cabinets needs to be replaced, choose a Classic style as they tend to appeal to most people.

Energy Saving Thermostat

Using an energy-saving thermostat is not going to magically increase the resale value of your home but this is is an investment that you can benefit from in the long run in terms of potential savings on your energy bill. Some homeowners who did this reported a savings in their power bill of about $200 to $300.

Functioning Fireplace

Most home buyers still appreciate a functioning fireplace in a home. It isn’t just for beautiful holiday photos! Survey says that a functioning gas burning fireplace can increase a home’s buyer appeal, more so if you have a wood burning fireplace.

Landscaping

Your home’s curb appeal will not only increase your home’s resale value but will make you love your house even more (humans inherently love beautiful things). Get to planting some flowers, adding turf to your lawn, and trimming bushes. Its good weekend exercise, adds so much value for a little investment, and psychologically proven to improve your mood. What is not to love?

Paint

Painting a new color is the easiest and perhaps the cheapest way to update and freshen up a room, more so if you choose good colours with a nice contrast. Don’t get overboard though and keep most walls neutral. A pretty grey can modernise an otherwise outdated room in a jiffy!

Ready to go for the best home updates described above but need help with funds? We can help at Mortgage Central Nationwide. We’re here to assist you with mortgage refinancing, getting a second mortgage, accessing your equity via home equity loan, or applying for a private mortgage. Contact us for details!