If you’re thinking of making improvements to your home in 2022, here are some of the top projects.
Consider larger windows to connect with nature
Upgrading to a new window style is a great way to let in more natural light, which not only gives the impression of a larger interior space but also provides potential energy savings.
Install new flooring to keep up with trends
Beth Graham with Beth Graham Appraisals, LLC, says she sees many homeowners updating with luxury vinyl flooring, which is affordable, aesthetically appealing, durable, and easy to maintain.
“Flooring can make a big impact, not only on the design and function of your home, but also when it comes to value,” she said. “Your flooring factors into the overall condition of the property, so if you have updated, quality material throughout, it gives the impression that the home is well maintained.”
Keep things clean and organized with transitional spaces
Home design experts say storage and organization are the driving forces behind many renovations this year, so it’s no surprise that mudrooms or “drop zones” are popular areas of focus.
If you don’t already have a designated area, consider converting underutilized space in your garage or laundry room. By adding just a few features — a small seating area, cabinets, wall cubbies, hooks – you can easily store shoes, coats, backpacks, pet leashes, etc. and keep the day-to-day mess out of the main living areas.
Keep kitchens and baths up to date
You’ve consistently heard that kitchens and baths sell homes, and for good reason. Updating these “hot spots” will not only add enjoyment and improve functionality, but when it comes to resale, they’re also the areas where the most value can be found.
Graham says when taking on a kitchen or bathroom renovation, it’s always important to research what is considered “typical” for your area.
“If you have a $500,000 home and install a lower end kitchen, it will likely hurt your value because buyers are expecting something more,” she said. “On the other hand, if you install over-the-top, high-end finishes in a $150,000 home, you’ll have a hard time getting your money back because that level of renovation isn’t in line with the home’s price point.”
Keep up with maintenance to protect your value
When planning out your 2022 to-do list, Graham says it’s best to focus on maintenance and repairs before taking on updates and improvements.
“When I walk into a home, I can immediately tell if it’s been well cared for, and that is critical when it comes to value,” she said.
Graham says a good rule of thumb is to plan on spending 1% of your home’s purchase price each year on maintenance.
“And consider starting a binder to house all your records and receipts. This will not only be helpful for staying on top of scheduled maintenance, but it can also be handed over to future buyers, so they have all the information on past repairs and renovations.”
For more home improvement tips follow the Greater Lansing Association of REALTORS® on Facebook.
https://www.lansingstatejournal.com/story/marketplace/real-estate/2022/02/24/new-years-resolution-renovating-your-home/6923125001/
