by Nutan Brown
on Thursday, February 20th, 2020 at 9:58am.
Home renovations are a great way to add value to your home. But not all renovations are made equal. In fact, some may even detract from the asking price when you decide to sell. So which home improvement projects should you invest in to ensure the best return on investment?
Here are 3 home renovations that you should consider for 2020:
Energy Efficient Upgrades
The reality is that in 2020, energy efficient homes are a top priority of many homebuyers. Whenever you get a chance to renovate or remodel your home so that it's more energy efficient, you should do it.
Window replacements are a great place to start. New windows not only add to the resale value of your home, but also help decrease your current home energy bill. Another basic yet effective update is to change all lighting in your home to LED lighting.
Many people consider the kitchen to be the heart of the home, and because of this, updates in the kitchen pay off. Since kitchen renovations can easily snowball, consider a quick counter-top refresh and appliance-swap as options for a great return on investment.
Technology integrated kitchens are gaining popularity as well. Motion-sensor faucets, smart refrigerators, and lightening systems which allow you to control the lights from your smart phone are easy add-ons that add convenience and luxury to your home.
Outdoor living spaces have become increasingly desirable, especially since more people stay home for vacation. Therefore, if you upgrade your backyard, your house will be more appealing to potential homebuyers when you decide to sell.
You don’t need to go overboard on the upgrades either. The addition of a small deck with a table and chair to fill out your yard is enough to create a cozy outdoor living space. Include a clear area for a fire pit or grill to further increase the enjoyment potential of your backyard.
Basic updates add the most value to your home. Keep the paint fresh, fix the roof when it leaks, replace wood that rots, and get rid of any mold you find. These types of chores keep your home from deteriorating over time. Buyers want a healthy, solid, safe home, and they look carefully for signs of routine maintenance.