Home improvement is the essence of becoming a homeowner, allowing you to turn your new residence into a place of comfort and happiness. US homeowners spent over $560 billion on home improvements in 2022. Investing in your home’s amenities and appearance will boost curb appeal and property value.
The challenge is finding inspiration for your home investment ideas. Knowing where to begin and the options to improve your living area is essential when you have money to play with. The typical upgrades, like a new kitchen or primary bathroom, are safe options, but other home renovations must be considered.
Luckily, you’re not on this journey alone. You’ve arrived at this helpful guide to learn more about the eight home investment ideas to try at your house. Continue reading to enhance your house today!
Table of Contents
1. Kitchen Remodel
Your kitchen is among the most used rooms in the home, and it’s essential for preparing and cooking the meals your family loves. Moving into a newly purchased home puts you in the predicament of cooking in a kitchen you didn’t design.
Kitchen remodel projects are among the first home improvement investments new homeowners make. It’s an investment into creating a kitchen you’ll love spending time in.
Upgrading your appliances, cabinets, and countertops will help you increase your property value. You’ll get a significant return on your investment when you upgrade your kitchen.
2. Bathroom Renovations
Bathroom renovations are another intelligent investment to consider when investing in home remodeling. The bathrooms in your home are among the first stops potential buyers will make when touring your home for the first time.
Outdated bathrooms will decrease your house’s curb appeal and drop its market value. If you’re looking for a wise investment to boost property value and make your home more comfortable, consider upgrading your bathrooms.
Tiled showers, free-standing tubs, and quality lighting will enhance the aesthetic of your home’s bathrooms. Double sinks and decorative mirrors are other finishing touches you can add to improve your bathrooms.
3. New Windows
Energy loss is a significant issue for homeowners with old and outdated windows. The old windows are more likely to have leaks, allowing cold air in and comfortable air out.
You also risk moisture damage to the wood frame your windows sit in. Investing in new windows is one of the best ways to add value to your property.
The new windows will enhance your home’s appearance and provide a better seal to help you save money on energy bills. Your smart investments have benefits extending to security. New windows are more likely to stop intruders and prevent injuries during severe weather events.
Look for window companies offering rebates to get the best deals. Your home value will skyrocket when you invest with eyes toward the future.
4. Replacing Your Roof
The roof is one of the first parts of the home that potential buyers ask about. A new roof will protect your belongings and family during severe weather events like tornados, hurricanes, and hail storms.
If you leave a leaky roof in place, you’re taking a chance at extensive water damage and a weakened home structure. You’ll spend thousands of dollars on the damage you could prevent by replacing your roof.
A home with a damaged roof is likelier to sit on the real estate market for extended periods. Potential buyers will be ecstatic about the opportunity to buy a house with a new roof. It also presents the opportunity to invest in renewable energy.
5. Invest in Solar Panels
Solar panels are an excellent way to lower your household’s carbon footprint and pay less energy bills. But first, it’s vital to start debunking the notion of “free” electricity when you buy solar panels for your house.
Still, the money you’ll pay when financing solar panels is a fraction of what you’ll pay monthly to the energy company. You’ll have the potential to make money from your solar installation with net metering.
Solar panels are smart investments to pair with your roof replacement. You can also buy a solar battery to store extra energy for power outages and inclement weather. Use the solar tax credit to save more money when you install solar panels for your home.
6. Install New Flooring
New flooring is an outstanding way to improve your home’s interior design. Look for flooring options that add beauty and durability to areas with high foot traffic.
Stained hardwood and cracked tiles are signs you need to invest in new flooring as part of your home improvement strategy. Find a timeless option to enjoy an interior design that will look chic for decades.
7. Repaint Your Walls
Choosing a new paint color for the walls inside your home is an affordable option to improve your home’s value through a DIY project. It’s one of the few smart investments you can make where you can handle the labor behind the project.
Chipped and scuffed paint creates a ruddy appearance for your home. Look for color options that provide mental health benefits and enhance the appearance of space in your rooms. Pair it with furniture that adds to a luxurious interior design.
8. Update Siding
Siding is a hassle for many new homeowners, but swapping the siding on your home with a durable replacement is a wise investment to add value to your house.
The new siding will spruce up your home’s appearance while adding more protection from pests like termites. It’s one less thing a new homeowner needs to consider after you sell your home. New siding will increase your return, making it one of the best home investment ideas.
Start Planning These Home Investment Ideas Today
The best time to begin upgrading your home is now, and you can use these home investment ideas to plot a course of where and how to start. Solar panels will reduce your carbon footprint and save money on monthly energy costs.
Updated siding and new flooring are great ways to enhance your home’s appearance and add value. Bathroom and kitchen renovations are smart investments to consider for your house as well.
Putting money into your home to create an idyllic living space is a wise investment that pays dividends. Use our Home Improvement articles to make your dream home today!
Veronica Baxter is a writer, blogger, and legal assistant operating out of the greater Philadelphia area.
