Home values are rising, and the best way to add value to your home is to consider home renovations and upgrades. The average home in the United States of America is worth more than $328,000, but you can push that number higher if you’re hoping to boost your property value for a home equity loan or to sell in the future.
Home upgrades are often associated with remodeled kitchens and bathrooms, but there are many other options to consider if you want to renovate your home and decrease your carbon footprint. The good news is that you’ve found the right renovation guide to learn more about the home renovations you must consider in 2023.
Keep reading for seven helpful upgrades to apply at your home!
1. Upgrading Your Windows
Getting new windows isn’t cheap, but it will save you a ton of money in the long run. Windows are the most significant culprit for rising energy costs for your home. Older windows will struggle to retain heat during winter and leak all your cold air during summer.
New windows will add beauty to your home while boosting your security and privacy. You won’t hear the noise outside of your home, making them perfect if you’re trying to create a relaxing environment at home. Your home’s value will increase when new windows get installed, making it easier to sell your home in the future and fetch a higher price.
2. Replacing Siding
Siding is one of the first parts of the home that guests and passersby see when driving or walking through your neighborhood. The interior of your home could be perfect, but moldy or run-down siding will take away from your home’s appearance. Getting new siding is an excellent way to improve your home’s appearance while adding more curb appeal.
It’s also your chance to make your home your own by choosing a siding color that matches your personality. Redecorate and renovate your home with new siding to catch envious glances from your neighbors. New siding is one of the most affordable home upgrades you can choose when you’re ready to spend on home renovations.
3. Kitchen Remodel
The kitchen remodel is the classic option many homeowners choose when deciding to splurge on home upgrades. With home renovations, you will make your home more functional while increasing the interior design. New appliances and cabinets are a great starting point when you decide to make your kitchen your own.
You’ll get your money’s worth with a kitchen remodel since the materials used in modern kitchens are much more durable than in previous decades. Your kitchen upgrades will last for years, making it a much better investment if you stay in your current home for a long time.
Best of all, your kitchen will need less maintenance when you upgrade the countertops and appliances. Get EnergyStar-certified appliances if you want to live a green lifestyle in your new home. You’ll save money on energy bills while helping the environment.
4. Interior Flooring
Interior flooring changes your home’s appearance dramatically, making it one of the first options to consider when you’re ready for home upgrades. Luxury Vinyl Flooring looks amazing and offers higher resiliency to foot traffic, moisture, and pets than wood flooring. It’s a great home upgrade to consider if you plan to sell your home.
The first thing that guests notice when entering your home is the state of the flooring. Flooring is one of the more costly home upgrades, but it’s worth it since it will significantly boost your home’s value.
Carpet is a great option if you want that lush feeling beneath your feet. It also offers more warmth if you live in a colder climate.
Hardwood flooring offers that classic look, but you’ll pay a premium for it, and it requires far more maintenance than your other flooring upgrade options. Still, if you crave elegance, you can’t go wrong with hardwood flooring.
5. Bathroom Upgrades
The master bathroom is another common area that homeowners choose to upgrade when they move into a new home. If you decide that a bathroom remodels is in order, the tubs, toilets, sinks, and countertops are all upgrade options.
Bathroom upgrades are among the most expensive, so it’s best to go with smaller upgrades rather than a wholesale renovation. Changing the lights and repairing any damaged tiles or flooring will help you spruce up your bathroom’s appearance without breaking the bank.
6. Roof Upgrades
Roofing issues are costly and dangerous for your family. The average roof lasts around 20 years before requiring repairs or replacement. Look at upgrading your home’s roof if you know that it’s starting to spring leaks and look run-down.
The best approach is to hire a professional roofing contractor to inspect your roof for damage and provide an estimate for roof repairs. Your new roof should last you the rest of the time you live in the home, and it will increase your home’s value when you decide to sell.
7. Solar Panels
Solar panels are arguably the best investment you can make for home upgrades in 2023. Many homeowners are switching to sustainable energy due to rising energy costs and climate change. You can take advantage of government incentives to get a great price on your solar energy system.
Solar panels add value to your home in the event that you decide to sell in the future. The best part is that your investment will pay for itself with the money you save on electric bills.
Choose Your Home Upgrades Today
Choosing home upgrades is an exciting part of becoming a homeowner, as it’s your first chance to make your home truly yours. Getting new siding is a great option if you decide to renovate your home, though you should also consider getting new flooring. Kitchen upgrades create a functional living space, while solar panels allow for green living.
