Home improvement is a great way to refresh your property, increase your home’s value and enhance its curb appeal. However, not all projects add value to your home, and some can actually decrease resale value. To avoid this, it’s important to carefully choose your project and stick with those that have a track record of increasing your home’s value. You may also want to consult a home remodeling pro and ask yourself if the project will be appealing to future buyers.
In 2023, experts predict that homeowners will continue to invest in upgrades, focusing on improving their home’s resale value and making it more resilient against extreme weather events like hurricanes and wildfires. This could include raising homes located in flood zones, adding hurricane windows in coastal communities or upgrading landscaping with fire-resistant options. Deck construction and fence installation are also expected to surge, as they provide a safe place to entertain and relax outdoors.
For the best return on your investment, choose updates that will add both beauty and functionality to your property. For example, installing new front doors and scrubbing siding are low-cost ways to instantly boost your property’s curb appeal. In contrast, replacing windows will not only improve your home’s visual appeal, but it will also save you money by reducing energy costs. To help you stay within budget, consider using a credit card for smaller upgrades that you can pay off over time. Many cards offer a 0% introductory APR period, which can save you a significant amount of money on your remodeling project.