Renovations can add value to your home, increase curb appeal for potential buyers, and create an updated look to refurbish a room. However, updates and improvements don’t have to mean time-consuming and expensive projects. There are lots of simple ways you can make a big impact in a matter of a weekend.
When updating your home, remember that an increase in value could affect your homeowners policy, so be sure to consult your Westwood agent to be sure you’re fully covered. Some renovations, such as installing energy-efficient systems or upgrading outdated construction, may even qualify you for a discount, depending upon your insurance company and the terms of your policy.
1. Spruce up the kitchen
Conventional wisdom says that kitchens sell homes, and there’s probably good reason behind that logic. Homeowners spend a lot of time in their kitchens, from entertaining to cooking daily meals for their families. Even minor updates in this room can make a big difference.
Installing a backsplash or replacing an old one is a less expensive way to bring new life into a kitchen. Updating lighting is another great way to add additional functionality to a space that could serve multiple purposes for a family, such as a kitchen table that doubles as a space for homework. While replacing kitchen cabinets can be expensive, a coat of paint and a change of hardware can make them seem good as new.
2. Be open to new windows and doors
A window is more than just a frame for its view. Updating windows can increase the energy efficiency of your home and save you money on energy bills for years to come. In fact, potential buyers and appraisers are likely to note updated windows as an added value to your home.
Doors are also a great way to update your home. A new front door, especially in a trendy color or design, can create an inviting entry, and replacing a door can be a sound investment. Homeowners who replaced entry doors with fiberglass reported recouping 85 percent of the cost, due to the longevity of the material. When considering updates, don’t forget garage doors. Replacing these entry points can make a big impact.
3. Dance across new floors
Updating flooring is another effective renovation to consider. Much like changing up the colors in a room, replacing the carpeting can make a big impact without creating the expense and time commitment of a complete reconstruction. A fresh color or added features like stain guards can create additional benefits as well.
In rooms like bathrooms and kitchens, updated tile or modern vinyl solutions are effective ways to combine form and function. Swapping out hardwood or laminate flooring for older carpets is also a great alternative. These floor types are durable, are less likely to stain, and are typically lower maintenance than carpets.
4. Don’t forget the details
There are even smaller improvements you can make to improve your home. Simply replacing outdated exterior sconces can literally and figuratively shed new light on your home. Taking the time to implement smart devices, where possible, can also create value. You can seamlessly manage the temperature in different rooms, detect leaks in your water heater, and add security to your home.
Don’t underestimate what a good cleaning can do. Freshly washed windows, trimmed landscaping, and spotless interiors can create a good-as-new feel to a home, even when nothing at all has changed.
5. A fresh coat of paint
If you only do one renovation in your home, consider a fresh coat of paint. The paint on your walls can get chipped through the years or collect stray marks. You might even have some holes in need of patching, from hanging frames or other artwork. In fact, new paint is probably the biggest return on investment you’ll get from any renovation in your home. For a relatively low cost, you can create a whole new look.
Taking the time to add a fresh coat of paint can also open new possibilities. If you’re planning to sell your home, a neutral color can create a clean look that allows potential buyers to imagine their own style within the space. If you’re just looking to update your home for yourself, a new color or a clean refresh of a favorite is a great way to transform an entire room without breaking the bank.
Don’t forget to update your insurance policyRenovations, major or minor, can have a big impact on the look and value of your home. Whether you’re looking to sell or just want to update your home, be sure to talk to your Westwood agent about any major renovations.
Please Note: This article is for general informational and educational purposes only. It does not represent any specific insurance policy and does not modify any provisions, limitations, or exclusions of any current policy.