Lynn's Blog

Five Home Improvements That Really Pay Off

home improvement

Nanaimo real estate agents always love taking their buyers to a home that’s been newly improved.

That’s because it’s always easier to sell a house that has been updated.  Prospective buyers aren’t faced with the task of remodeling.  All they have to do is move in and enjoy their new home.

Homeowners are sometimes faced with a difficult task.  Yes, you want to quickly attract qualified buyers to your home when the time comes to sell.  But you also want to make sure that you get a return on each dollar that you spend on upgrading your home.

With that in mind, here are five home improvement projects that really pay off.

1. Siding

Putting new siding on your house is often considered to be the trifecta of home improvement projects. 

That’s because siding will:

  1. Increase the resale value of your home
  2. Improve your home’s curb appeal
  3. Increase the energy efficiency of your home

Best of all, replacing the siding on your house can also be one of the least expensive major home improvement projects to do.

2. Window Replacement

Upgrading the windows on your home is another profitable home improvement that can really pay off.  That’s because energy experts estimate that over 50% of the heating and cooling in your home escape through windows that are not energy efficient.

Installing energy efficient windows on your house will help Nanaimo real estate agents find a buyer for your home faster.  Plus, you’ll also save on your utility bill each and every month while you’re getting ready to sell.

3. Energy Saving Steps

In addition to replacing the siding on your home and upgrading the windows to ones that are energy efficient, three other easy energy saving home improvements are:

  • Caulk and re-seal your existing windows if you can’t afford new ones just quite yet
  • Install extra insulation in the wall cavities and attic
  • Rooftop solar panels and solar hot water heaters are two great ways to harness the renewable energy of the sun and save on your electric and gas bills at the same time

4. Fireplace Renovation

Because a fireplace is often the focal-point of a room, updating the look of your fireplace can make your home sell faster and for more money. 

Replacing the outer hearth – or the floor of the fireplace that goes into the room – with a single large stone or material that compliments the décor of the room will make it seem bigger and more appealing.

If you don’t have a fireplace, installing an energy efficient wood-burning or gas stove can give your home that extra home-buyer appeal.

5. Painting & Papering

Dollar for dollar, repainting the rooms of your home can be one of the most cost-effective home improvement projects that you can do on your own.

Most home buyers prefer to see trendy yet neutral colors in their new home.  So, stick with the basics for the walls and ceilings.  Floorboards, door trim and doors are great places for more brilliant colors that will contrast nicely with your conservative wall color.

Wallpaper can also be a good material to use on a single wall of almost any room.  Stylish wallpaper designs can add color and contrast to a room, and also help to pull all of the design elements in a room together.

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