Across the Phoenix metro, smart home improvements can potentially increase your property’s value. The best home improvement investments are those that not only enhance your living space but can also provide a good return on investment (ROI) when you sell your home.
Here are some home improvements that are often considered wise investments for Phoenix homeowners:
- Kitchen Renovation: Upgrading kitchen appliances, countertops, cabinets and flooring can significantly enhance a home’s value. Within each of these categories, there are many options and price points to help fit your style and budget.
- Bathroom Remodel: Modernizing bathrooms with new fixtures, tiles, and vanities can be appealing to potential buyers. After the kitchen, bathrooms are likely to be a key area that a future home buyer will be most interested in when considering a purchase.
- Curb Appeal: First impressions matter. Improving the exterior with landscaping, a well-maintained lawn, and fresh paint can boost your home’s curb appeal. And make sure your sidewalks and driveways are in top condition.
- Energy-Efficient Upgrades: Installing energy-efficient windows, doors and insulation not only appeals to environmentally conscious buyers but can also lead to long-term cost savings. Upgrading light fixtures can not only enhance the look of your home, but also result in energy savings.
- Room Conversion: Have extra garage space or storage? Converting unused space into a functional living area adds square footage and increases the overall appeal of your home while creating more space for your family to share comfortably.
- Deck or Patio Addition: Outdoor living spaces are popular, especially in Arizona. Adding a deck or patio can create an attractive and functional area for entertaining. Consider adding a built-in grill, pergola for shade or even misters to extend your outdoor season.
- Smart Home Features: Integrating smart home technology, such as thermostats, security systems and lighting, can make your home more attractive to tech-savvy buyers. They also provide convenience and safety for you and your family.
- New Roof: A well-maintained roof is crucial. Installing a new roof can improve the overall condition of the house and appeal to potential buyers.
- Hardwood or Tile Flooring: Many buyers prefer hardwood or tile floors over carpet. If feasible, consider upgrading your flooring to for a timeless and durable look. Manufactured or engineered options look great and can be an affordable upgrade option.
- Additional Bedrooms or Bathrooms: If your budget allows, adding an extra bedroom or bathroom can significantly increase your home’s value, especially in areas where larger homes are in demand. While a full addition can take more time, it can provide that extra space you’ve always wanted, designed to your specifications.
Keep in mind that the return on investment (ROI) for your Phoenix home can vary depending on factors like location and the current real estate market. Before starting any home improvement project, it’s advisable to research local real estate trends and consult with a real estate professional to understand which improvements are likely to have the greatest impact in your specific market. Talking with a Phoenix remodeling expert like MCS can help you make smart investments in your home.