Are you planning to undertake some home improvements but are not sure how to maximize your return on investment (ROI)? Whether you're looking to increase the value of your home on the Boulder real estate market or up the ante of your curb appeal in gorgeous Lafayette, these tips will help you achieve the best results.
Read on for advice from the experts on how to improve your home's ROI and make the most of your investment!
1: Address Basic Maintenance for Standard Features
One of the most important things you can do to improve your home's ROI is to make sure that all of the standard features are in good working order. This means addressing any maintenance issues, such as leaks, drafts, or cosmetic damage, as soon as possible. Make sure to clean and declutter your home as well. By taking care of these items first, you'll not only improve the aesthetic appeal of your home but also make it more comfortable and functional for yourself and for potential buyers of Lafayette, CO, real estate.
Roof
The roof is one of the most important components of your home, and repairing or replacing an old roof will be one of the best investments you can make. Not only will it protect your home from the elements, but it will also improve its resale value when listed among other Louisville homes for sale.
Be sure to have your roof inspected by a professional every few years to catch any potential problems early. As a general rule of thumb, you should
replace your roof within 20 years for composition shingles, every 25 years for wood shingles, every 30 years for asphalt shingles, every 50 years for rubber, and every 75 years for metal roofs. You may need to replace your roof sooner if you live in an area with severe weather conditions.
Gutters and Downspouts
Other important elements of your home's exterior are the gutters and downspouts. Clogged or damaged gutters can lead to water damage, so it's important to keep them clean and in good repair. If you’ve often had to clear out debris like leaves from your gutters, gutter guards are a worthwhile investment.
Siding
The
siding on your home is also an important factor in the resale value of Lafayette, CO, real estate. Like your roof, the siding protects your home from the elements and can also add to its curb appeal. When choosing new siding, be sure to pick a material that is durable and easy to maintain. Some of the most popular options include vinyl, wood, and fiber cement siding.
Doors and Windows
Don't forget about the doors and windows, either! Not only do they add to the aesthetic of your home, but they also play a crucial role in its energy efficiency. When shopping for new doors and windows, be sure to look for products that are Energy Star-certified. These products have been independently tested and verified to meet strict energy efficiency standards.
Flooring
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The type of flooring you have can also make a big difference in the resale value of Boulder real estate. Hardwood floors are always a popular choice and come in a wide variety of plank sizes and finishes.
If you have carpeting in your home, be sure to keep it clean and in good repair. Vacuum regularly and have it professionally cleaned every 12 to 18 months. If you have pets, you may need to clean them more often. Carpeting that is stained or damaged will need to be replaced before you put your home on the market.
Tile floors are another popular choice, especially in kitchens and bathrooms. They are easy to clean and come in a wide variety of colors and styles. Linoleum and vinyl floors are also excellent options for high-traffic areas. They are durable and easy to maintain, making them ideal for families with children or pets.
Heating and Cooling
Don't forget about your home's heating and cooling systems. These are two of the most important factors in your home's comfort level, so it's important to keep them in good working order. Be sure to have your furnace serviced every year and your air conditioner serviced twice every year. You may also want to consider upgrading to a more energy-efficient system. This is not only good for the environment, but it will also save you money on your utility bills.
Plumbing
Plumbing is another important factor to consider. Be sure to have your pipes and fixtures inspected every two years by a professional. You may also want to upgrade to low-flow toilets, faucets, and showerheads. These products can save you money on your water bill and help reduce your environmental impact.
Electricity
Finally, don't forget about your home's electrical system. Be sure to have it inspected by a professional every few years. You may also want to upgrade to energy-efficient light bulbs and appliances to save you money on your electric bill and help reduce your environmental footprint.
2: Add or Upgrade Smart Home Features
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If you're looking to add value to Boulder real estate, consider adding or upgrading some of your smart home features. Smart thermostats, sound systems, and light bulbs are just a few of the high-tech products that can make your life easier and save you money on your utility bills. Smart lighting increases your home's curb appeal, as you can set the tone with welcoming lights that beckon buyers inside. Teens also appreciate that most smart lighting can change color, which can add a fun touch to their bedrooms or living spaces.
When shopping for new smart home products, be sure to look for products that are compatible with your existing system. This will make installation and setup much easier. You'll also want to make sure that the products you choose are compatible with your home's Wi-Fi network.
3: Paint
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One of the quickest and most affordable ways to boost the value of Louisville homes for sale is to give them a fresh coat of paint. You can either handle the painting yourself or hire a local home painting expert. If you decide to tackle the project yourself, be sure to buy high-quality paint and supplies. This will help you get the best results and ensure that your paint job lasts for years to come.
When choosing a paint color, it's important to consider the resale value of your home. If you're planning on selling in the near future, stick with white, gray, or paler shades of blues and greens. These colors will help your home appeal to a wider range of buyers. If you're not planning on selling anytime soon, feel free to experiment with bolder colors.
Once you've chosen your paint color, it's time to get to work. Start by cleaning your walls and trim, then fill any holes or cracks. Once your walls are smooth and primed, you can start painting. Be sure to use painter's tape to protect any areas that you don't want to paint. When you're finished, remove the tape and enjoy your new space!
4: Consider Major Room Renovations
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If you're looking for a more substantial way to add value to your home, you may want to consider renovating one or more of your rooms. Kitchens and bathrooms are always popular choices, but any room in your home can be renovated to suit your needs. When planning a major renovation, it's important to work with a professional contractor. They can help you develop a plan that meets your needs and budget. They can also handle the permits and inspections that are required for most major renovations.
Ready to Get Started?
With a little bit of planning and effort, you can easily improve your home's ROI and make it more comfortable, stylish, and valuable. Contact Michael Hughes today for more information on making sure your home looks its very best. The Hughes Team specializes in luxury properties in Fort Collins, Denver, and Boulder real estate, and they are well-equipped to help you every step of the way.
*Header photo courtesy of Shutterstock
