Not too long ago, homeowners were adding onto their homes or doing complete remodels to add value to their home. However, now those improvements have changed. Homeowners are still doing home improvements to help improve the value of their home, just in different ways.
Instead of adding a new room or completely remodeling a room, homeowners are now doing smaller upgrades, such as replacing countertops with granite, re-facing cabinets, adding hardwood floors, laying ceramic tile and up even upgrading their appliances.
Homeowners are not trying to go bigger and better anymore, but they are now trying to improve upon what they already have.
Many reasons for these types of home improvements are because of tight budgets, strict lending standards and many people are “going green”.
The most popular rooms for home improvements are the kitchen and bathrooms. Improving these rooms really pays off. Other popular home improvements to help increase the value of your home include upgrading the windows, replacing siding, adding decks, improving curb appeal and adding energy-efficient appliances.
Many homeowners have begun looking at adding solar panels to help cut the cost of energy bills. This will also make the homeowner eligible for government tax credits.
Although many home improvement projects are small in comparison to what they once were, some homeowners still find themselves splurging, which is okay to do as long as you know what you are doing. Splurging on the right things that will add the most value to your home can make all the difference when it comes time to sell.
HGTV has some really great tips and advice for home improvement on their website. Keep up with the latest trends and styles and learn how to do it all on a budget.
Realtor® Liz Miller ~ Lake Havasu City Real Estate
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