Looking to make smart improvements in your home that will pay off in the long run? Here are five key areas where your money can work harder for you, modernizing your living space, reducing costs, and attracting future buyers down the line.
- Energy-Efficient Windows & HVAC
Investing in energy-efficient windows and a high-efficiency HVAC system transforms your home’s comfort level while slashing your energy bills. Although the upfront costs may be higher, the long-term savings and added value to your property make this a worthwhile investment, with an average return of 89.6%. - Kitchen and/or Bathroom Upgrades
Upgrading your kitchen and bathroom can dramatically enhance both functionality and aesthetics. These improvements often yield returns of 93.2% or more, making them solid investments that modernize your home. - Smart Home Technology
Incorporating smart home devices—such as smart thermostats, security systems, and lighting—adds modern convenience and efficiency to your daily life. These features are increasingly popular among buyers, enhancing your home’s appeal and value when you decide to sell. - Roof Replacement
Though it might not be the most glamorous upgrade, a new roof is crucial for protecting your investment and can significantly increase your home’s value. (Plus, homebuyers are often willing to pay a premium for a home with a reliable, well-maintained roof!). - Fresh Paint
Offering one of the best returns on investment for any home improvement at 107% on average, a fresh coat of paint can revitalize your home and help create a modern, inviting atmosphere. Choosing lighter, neutral colors not only makes spaces feel larger but remains timeless.
The Bottom Line
Investing wisely in these five areas not only modernizes your living space and potentially saves you money on bills, but also sets the stage for a higher resale value if or when you decide to sell. By focusing on improvements that blend practical upgrades with aesthetic enhancements, you’re creating a home that’s not just a joy to live in now, but also a smart financial move for the future.
Sources deemed reliable but not guaranteed: FortuneBuilders.com — The 10 Best ROI Home Improvements & Angi.com — How Much Does Interior Paint Increase Home Value?