Remodel Projects that Can Increase Your Home’s Value

Kristina Kraus
Greater Nevada Credit Union
Many of us would love to completely upgrade and make our homes exactly how we want, but often we have time and money constraints which make it impossible. If you can’t afford a complete remodel, you can start by tackling areas that will help you enjoy your home more, while increasing its value. 

Kitchen

According to HGTV, kitchen remodels are one of the top investments you can make in your house. The key is to not overspend because the housing market is always changing, and luxury items like high end appliances won’t guarantee your money back if the market is down. Stick to good quality but moderately priced appliances that are in trend, like stainless steel. Strategies such as upgrading appliances and countertops are two ways you can significantly improve your kitchen.

If you’re on a tight budget you can still add value to your home with more moderate changes, such as fixing broken appliances, changing out cabinetry hardware, and giving the whole room a fresh coat of paint. And simply scrubbing down a kitchen so it’s squeaky clean and free of stains and loose hardware can breathe new life into it as well.

Bathrooms

The second best investment you can make in your home is a bathroom remodel. If you can’t afford to replace the tub, toilet, sink, counter tops, cabinets and flooring all at one time, then start with the less costly items. Clean everything from top to bottom, replace anything that’s broken and not functioning, and add touches like recaulking, fresh grout, updated cabinet hardware and new light fixtures. Add some fresh paint, and new rugs, towels and shower curtain, and your bathroom will feel almost new again. See more DIY bathroom remodel tips here.

Front Yard and Exterior

When it comes to homes, first appearances matter, though it doesn’t mean you need to spend a small fortune for custom landscaping and new siding. To give your home curb appeal, focus on making it neat and inviting. For the yard, that means keeping the grass mowed, the weeds pulled, the bushes trimmed, and the plants healthy, as well as keeping things stored properly as opposed to all over the yard. If you’re new to yard maintenance and landscaping, University of Nevada Cooperative Extension’s Grow Your Own Nevada has classes that are worth checking out, or you can check with your local nursery.

For the exterior of your house, it’s important that your windows and roof are in good condition and your gutters are clean to prevent more expensive repairs later. A fresh coat of paint is also an excellent investment, especially if it’s a project you can do yourself, as it will protect your home and give it a whole new look. Even repainting a front door can work wonders.  Get more ideas for improving your home’s curb appeal here.

Remove Old Paneling and Popcorn Ceilings

Nothing makes a house look more outdated than popcorn ceilings and old wood paneling. There are plenty of tutorials on how to remove popcorn ceilings yourself, a relatively easy DIY project that will quickly update your home. Removing wood paneling isn’t necessarily hard, though repairing or putting up new dry wall can be tricky. If you aren’t ready to tackle dry wall, try painting the paneling instead to freshen things up.  

Remodeling your home can range from relatively minor and affordable to a huge undertaking. If the improvements are small and incremental, you can pay for them as you go. If you need just a little extra money and don’t want to rack up credit card debt, you can ask your credit union or bank about a personal loan. For major remodel projects, you might want to consider a home equity line of credit. In some cases, the interest you pay on that line of credit may even be tax deductible.
 
 
3/14/16