Homeownership is not just about having a place to live; it’s about creating a space that reflects our taste, meets our needs, and ultimately grows in value over time. As time passes, many homeowners ponder what affordable changes can make to add more functional and curb appeal to their somewhat-outdated home. Whether it’s enhancing comfort, boosting resale value, or simply bringing a fresh vibe to dated spaces, strategic renovations can make a world of difference. The question then arises: what home improvements are actually smart investments? Here’s out top smart home renovations that will elevate your home based on today’s top trends and demands.
One of the wisest moves any homeowner can make is to invest in energy-efficient upgrades. Not only can these upgrades lower monthly utility bills, but they also can increase a home’s overall value to prospective buyers. Think about replacing old windows with double-pane ones or installing a smart thermostat. Both can reduce drafts and keep your home’s temperature consistent. Over time, these investments can save a significant amount of money for whoever will be living there.
Never underestimate the power of a fresh coat of paint. It’s one of the most cost-effective ways to transform the look and feel of your home. Choose neutral colors if you’re thinking of selling soon, as they appeal to a wider range of potential buyers. For those who plan to stay, pick shades that reflect your personal style. Painting not only makes spaces feel cleaner and updated but also protects walls from wear and tear. It’s a win-win for any homeowner.
Investing in a kitchen remodel is a highly debated topic- as the costs can be substantial. Various studies suggest that the return on investment does not necessarily make an entire gut renovation worthwhile. Nevertheless, the kitchen is the heart of a home, and smart, simple upgrades like updating cabinet handles or painting the cabinets or walls a fresh color. Colors can update an outdate kitchen in a cost-effective manner. If your countertops are very outdated, upgrading to more modern quartz tops can also add significant curb appeal.
Gross bathrooms are terrible! Next to the kitchen, bathrooms are some of the most used spaces in a house. Giving them a facelift can add a touch of luxury to your everyday routine. Start by fixing any leaky faucets or updating old lighting fixtures. Tiles looking a bit outdated? Try re-grouting them for a fresh look on a budget. A new vanity or a water-saving toilet can also be a good investment at a prices that won’t break the bank. A rejuvenated bathroom can make mornings brighter and increase your home’s resale value easily.
First impressions count, and the outside of your home is the first thing people see. Landscaping is more than just planting flowers. It’s about creating a welcoming and beautiful space. Consider planting native shrubs and trees that are easy to maintain and are suited for your region’s climate. Add a walkway or a small patio to create an outdoor living space. Remember, a well-maintained yard not only looks good but can also prevent potential issues like water damage from poor drainage.
Whether you’re looking to sell or just want to enjoy your space more, these renovations can add value and comfort.
Josh is the owner and lead writer at Daily Wisely. His career has taken him from finance to blogging, and now shares his insights with readers of Daily Wisely.
Josh's work and authoritative advice have appeared in major publications like Nasdaq, Forbes, The Sun, Yahoo! Finance, CBS News, Fortune, The Street, MSN Money, and Go Banking Rates. Josh has over 15 years of experience on Wall Street, and currently shares his financial expertise in investing, wealth management, markets, taxes, real estate, and personal finance on his other website, Top Dollar Investor.
Josh graduated from Cornell University with a degree from the Dyson School of Applied Economics & Management at the SC Johnson College of Business.