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7 home renovations with return on investment to undertake if you want to increase the value of your home in 2022

Whether you are planning to sell your home this year or just want a return on your investment (who doesn’t?), Some home improvement with a return on your investment can not only improve the look of your home, but also increase its value. Merchant . “The value of a home improvement varies greatly depending on two dimensions: the current value of your home and your location,” says Beatrice de Jong, broker and consumer trends expert at Opendoor, whose home improvement calculator can help you figure out. determine which home improvement and remodeling projects could have the greatest impact on the value of your home. “Understanding how much a project could potentially add to resale value is the first step in determining whether the investment will pay off or not,” she adds. Read on for a few tried and true DIY projects.

Make a good first impression

“Your entryway or foyer can be an extremely important place when it comes to the value of your home, as it sets the tone for the rest of the space,” says Toronto interior designer Ali Budd. “Invest in beautiful tiles and beautiful lighting. Make sure the cupboards are perfectly appointed with a combination of hanging shelves and drawers. As a general rule, doors throughout the house should be consistent, with the exception of the fireplace. Take this time to do something special, like paneled wood, applied moldings, and gorgeous hardware.

Enhance your outdoor space

According to de Jong, buyers can attach 5% to 12% more value to a home with a well-maintained landscape. Space doesn’t have to be big, but it needs to be well thought out. Budd suggests incorporating four main elements: a place to eat, a place to relax, lighting and greenery for both beauty and privacy. “Mature trees can be hard to find and expensive, but even a simple trellis with intertwined greenery can provide a lot of privacy between homes and add a big green punch,” she says. If you have the budget, Budd also recommends installing floor lighting. “And, if your budget doesn’t allow it,” she says, “don’t underestimate the impact of pretty fairy lights.” Up front, says de Jong, consider installing planters, “and don’t forget your front door,” she says. “Make sure it has a new coat of paint and maybe even a seasonal wreath.”

Create more storage

“That sense of calm that comes with knowing there is a place for everything is unmatched,” says Budd. “The biggest non-aesthetic question our customers ask themselves is, will I have enough storage space? »In living areas, freestanding wardrobes with drawers allow for quick cleaning, especially for families with young children. In the kitchen, tall, full-depth cabinets with sliding shelves provide ample pantry, as well as storage for dishes and small appliances. “They can also make your kitchen feel like it’s twice the size,” says Budd. One caveat, she notes: “Open shelves are display, not storage. “

Give it a new coat of paint

A freshly repainted room will look bright and refreshed and is quite easy to do on your own. “Painting changes everything! Explains Heidi LaChapelle, interior designer based in Portland, Maine. “Whether it’s choosing the right shade of white or just reapplying what’s there before, the paint cleans everything up instantly. For a simple and modern approach, she suggests painting the ceiling, moldings and walls the same color and shine. “With time and patience, even novices can make a new paint job look professional,” says de Jong. “You don’t need a ton of equipment, and there are tons of very in-depth tutorials online. Light neutral colors have the greatest appeal and add significant value to a home. Go for a better quality paint if you can, as poor quality paint will flake off more easily and will require more coats – and don’t skip the primer!

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