Top Home Improvements: Remodeling or renovating your home can make it more comfortable and, if done correctly, increase its value. Not all renovations are the same. Some projects will add value to your home while others may lower the selling price. What can a homeowner do to increase the value of their home?
You are a real property investor and you know it is important to carefully choose home remodeling. You will not have the funds to pay for the next upgrade if you spend money on one. It is important to choose the best projects to maximize your return on investment. This is true regardless of whether you are in the house flipping business or if you are looking to improve an income property for sale.
The Best Home Improvement Ideas
Home improvements can be a fun project. However, knowing which home improvement adds value can help make them more worthwhile. There are many options when it comes to home improvements. It is important to plan your project and choose the best home renovation ideas to suit your particular dwelling.
This article will discuss various renovations that add value. These include affordable house improvements and more complex options. These are the projects we’ll be covering:
- Remodel the flooring of your kitchen or bathroom.
- In your bathroom, replace the bathtub
- Switch to low flow systems for your toilets and showerheads
- Your bathroom can now have underneath floor heating
- You can upgrade your HVAC system by installing a heat pump or a heat pump.
- Your old boiler should be replaced with a more efficient boiler, such as an electric combination boiler
- For domestic water heating, use solar panels
- Upgrade to LED bulbs
- Replacing outdated appliances with energy-efficient models
- For your electricity needs, install solar cells
- Insulate your walls or loft to make it more efficient.
- Double glazed and uPVC windows are draughtproof
We’ll also walk you through the preparations that you must make before you start these renovations. This includes finding the right contractor, getting the appropriate permits, and what types of funding options are available for home improvements.
What Are The Best Home Improvements?
Choosing your next home improvement depends on various factors. Consider your budget. What length of time do you plan to stay in your home? Do you want to increase the house’s resale price? Are you looking to improve the energy efficiency of your home? These are just some of the questions to ask before you commit to a project.
These inexpensive home improvements will help you get started on your journey.
1. Kitchen and Bathroom
Start with the kitchen and bathrooms if you’re looking to renovate. These are the areas that will have the greatest return on investment. Consider updating the bathroom’s flooring, or replacing it with a bath. Making simple changes to your home can make a big difference in its value.
You can save money on small projects by replacing your toilets and showerhead. Your average home toilet consumes 30% of your household water, making it one of the most expensive systems in your home. Switching to a low-flow system could help you reduce water waste and make money.
You could also install underfloor heating during bathroom renovations. This involves installing a thin heating wire underneath the floor. It will add value to your house. This is a great way for you to update your bathroom and get the most from your heating system.
2. Heating and Cooling
You can improve your HVAC system by using underfloor heating. For cooling and heating purposes, you can also do larger-scale renovations.
Consider upgrading your HVAC system if it is outdated. Many low-carbon heating systems are available that are efficient and affordable.
For example, ground and air source heat pumps are environmentally-friendly, and you may also qualify for an incentive through the Green Homes Grant to cover a portion of the cost. Ground source heat pumps can reduce homeowners’ utility bills by up to 65% each year.
Alternative energy sources could also be worth your investment. Solar thermal, as well as biomass boilers, can help homeowners save money. They are also a great low-carbon heating option for UK residents who want to replace their existing gas boilers, which will be prohibited in new builds starting in 2025.
The boilers look similar to traditional gas boilers, but they produce heat by using wood that has been sustainably harvested rather than fossil fuels.
An electric combination boiler is a good option if you have limited space or a small house. These boilers are smaller than regular models, and they emit no CO2 emissions. These boilers are cheaper than regular gas boilers and are therefore a good investment for those with tight budgets.
3. Energy-Efficient Home Improvements
There are several small-scale and large-scale improvements that you can make to lower your electricity bills and increase your home’s value.
The scope and cost of these projects will vary. It is possible to update your lighting by changing from incandescent bulbs to a light-emitting dime (LED), which will take you only a few minutes.
However, replacing older appliances with energy-efficient models may be more costly, but it will be worth it. Dishwashers older than 20 years can waste up to liters of water each cycle. You can save water and money by purchasing a newer model. Other Energy Star appliances, such as fridges and washing machines, can reap the same benefits.
While more substantial updates can be more expensive up front, they will add the most value. Solar panels are one example of such an update. Solar arrays can be expensive upfront, so many people cannot afford them.
Green energy financing is available for domestic renewable energy technologies. The Smart Export Garant provides export tariffs on renewable energy that you export to National Grid.
4. Insulation and Draught-Proofing
Insulating your loft and walls will increase your home’s worth and conserve energy. To insulate your loft yourself, you can use batt or loose-fill insulation. The entire project should be completed in a weekend.
Spray foam insulation can be installed by a professional or you can install rigid foam panels yourself.
Draught proofing windows and doors can be another great way to insulate your house and increase its resale price. To strengthen the building envelope, re-caulk any damaged areas around these openings.
Double-glazed windows can be very efficient. You can even add shutters to the windows for the winter months to help keep heat in. The best thermal comfort is achieved by replacing the window frames made of wood or aluminum with UPVC.
How Can You Finance Home Improvements?
It is a costly move to renovate your home. You don’t need to spend every penny out of your own pocket. There are many ways to finance your home improvements.
There are many funding options available, from Green Home Grants to tax incentives after installation, that will make your home improvements worthwhile and help you save money.