10 Important Home Updates to Increase Its Value

10 Important Home Updates to Increase Its Value
  • Opening Intro -

    Whether you've just moved into your new home or are looking to sell it soon, it's not uncommon for you to be interested in giving it some upgrades.

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Here are common reasons people might choose to renovate their homes, along with ten important home updates to increase its value.

Why Update?

While there are many reasons homeowners might choose to renovate their space, here are a few of the most popular ones:

  1. To personalize their space to their family, and make it feel more reflective of personal style
  2. To fix any functional or potential safety issues that weren’t taken care of before moving in
  3. To attend to general maintenance issues, or improve efficiencies
  4. To upgrade a room or rooms that now have an outdated look
  5. To increase its value, either for resale or for another purpose

Even if you aren’t planning to sell right away (or ever, for that matter), home updates that increase value can help you to build equity on what is most people’s greatest asset.

Important Updates

Just as with traditional homes, thoughtful, well-planned updates can help to increase the value of manufactured homes. Read on for some of the common projects that people take on in order to increase the value of their home.

  • 1. Updating, or Adding, a Bathroom.

    Thanks to their potential to increase a home’s value by up to 10.5 percent, it might not come as a surprise that bathrooms are one of the most popular home remodeling projects. If you aren’t able to commit to a large scale upgrade or addition right now, you can make small updates to refresh this space and add value.

  • 2. Building ‘Curb Appeal’ with Landscaping Efforts.

    Studies have shown that landscaping can increase the property value of a home. Adding a fence, a garden, textural details like rocks or sand, a gathering space, and/or pathway lights can create visual interest that helps spruce up your space and make your property feel more inviting.

  • 3. Upgrading the Kitchen.

    The kitchen is the second-most popular remodeling project—it’s also often a key focal point of home and garden television shows. A kitchen upgrade might include: adding more cabinet and counter space, opening up a wall, upgrading colors and appliances, and more.

  • 4. Adding a Bedroom or Office Space.

    Much like a bathroom addition, creating or reimagining an existing space like a bedroom or home office helps provide an additional functional element to your home, which could, in turn, increase its value. Keep in mind that creating an addition is a much more heavily involved project than redesigning an existing space.

home office deckdesk light

      some home office ideas to consider      

  • 5. Upgrading to Increase Home Efficiencies.

    Updating your home with better windows, insulation, solar panels, new pipes, or other upgrades can help create valuable environmental and energy efficiencies that can increase the value of your home and possibly save costs on utilities in the long run.

  • 6. Fixing Things When They Break.

    Taking care of issues as they arise can help you avoid needing to take on major projects down the road. Pay attention to chips, scuffs, leaks, and other issues when they appear to keep your home looking fresh and new no matter when it was last updated.

  • 7. Investing in New Appliances.

    If your appliances aren’t working as well as they used to, or they are simply looking a bit tired and outdated, upgrading to new appliances can help a home appear newer and fresher.

    Is the refrigerator in the kitchen a bit banged up? Does your washing machine not run like it used to? Evaluate your oldest appliances, and consider upgrading to newer models for better function and value.

  • 8. Adding Fresh Paint to Create Openness.

    A fresh coat of paint on the walls can make the rooms in your home feel new again. If your home is on the smaller side, stick to fresh paint in light colors to help make the space feel more open. You might also consider an accent wall to help define spaces within your home.

  • 9. Bringing Space Brightness with Mirrors and Lighting.

  • Hanging mirrors on the walls in dark corners of your home can trick the eye into thinking they’re filled with light, just as multiple light fixtures placed around the room help to provide depth to your home by casting light and shadows throughout each room.

    If your lighting is currently limited, consider upgrading with more fixtures and energy-efficient bulbs.

pendant lightingtrack lighting

      some home lighting ideas to consider      

  • 10. Refreshing Trims, Finishes and Decor.

    Remember, a renovation doesn’t need to be a major overhaul of every room in your house in order for you to increase its value. Find little ways to refresh your space, whether those are new drawer pulls for the kitchen cabinets, a fresh shower door, painted moulding, an upgraded chandelier over the dining room table, or anything else that helps your home feel more like new and like you.

    Little refreshes can make a big overall impact, and they won’t break the bank.

other valuable tips:

Final Considerations

Before moving forward with a mobile home reno, it’s important to take the time to properly plan and budget for the process. It’s not unusual for hiccups to arise during a home renovation project, and setting aside a cushion of funds to deal with them could be the difference between a success and a major headache.

Also, keep in mind that small updates over time can often create just as powerful an impact as a complete overhaul of your space.

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Image credit: important home updates by Pixabay

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