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Restoring an Old Home: 5 Tips That Can Add the Most Resale Value

Do you have an older home that could use some TLC and updating? Maybe you know your house needs a few renovations, but are worried about how much it may cost. While some remodeling projects can be quite expensive, others are easier on the wallet, while still making a significant improvement and increasing the value of a home. You don't have to spend a fortune on home renovations. Here are five basic tips for restoring an old home that can add the most resale value.

Restore Kitchen Cabinets and Hardware

You don't have to get rid of your old kitchen cabinets to transform your kitchen. If the doors and frames are still in good shape, all your cabinets may need is a new look. For example, if you have dark, gloomy cabinets, why not paint them with a lighter or brighter color.  

Furthermore, by simply replacing the hardware on your kitchen cabinets, you can enhance your kitchen. This a project that's not only inexpensive, but it's also easy. Many homeowners prefer angular, streamlined hardware, while others opt for hardware with curves and fine details. But when choosing cabinetry hardware, don't just think about what looks good but also consider practicality.

Install New Bathroom Fixtures

Because most potential homebuyers are more interested in a master bathroom, give your master bath priority over your other bathrooms. To give your bathroom a fresh, modern look, swap those outdated fixtures for more stylish finishes, such as brushed nickel or satin. On the other hand, if you want a look that's more classic, chrome is an excellent option.

Paint Your Rooms

Often, all it takes is a fresh coat of paint to give a room an updated, clean look that can add value to your home. What's more, a gallon of paint only costs about $25, so it's exceptionally cost-effective. As for paint colors, remember that neutral shades appeal to most buyers even though you may prefer colors, such as fire-engine red or dark blue.

Paint or Replace Your Front Door

An easy and quick home renovation is painting or replacing a front door as this can significantly increase resale value. It's also very affordable, while making a positive impression on people visiting your home or potential buyers. Charcoal gray or black are colors that are especially popular for front doors. In fact, they can increase a home value by up to $6,271 more than what you would expect.

Install New Porch Railings

Your front porch can also create either a favorable first impression or a negative one. By replacing old railings with aluminum railings, your front porch can have a stylish, fresh look. We have a wide selection of affordable and easy-to-install aluminum railings that feature clean, classic lines. Keep in mind how aluminum doesn't rust and that are our aluminum railings have a warranty of 15 years.

Other Considerations and Warnings

Before haphazardly starting a project, assess what needs to be done. This entails deciding what you need to keep, what you should remove and what needs repairing.

Consider that kitchen and bathroom remodels add the most value. This is because most potential buyers usually overestimate the cost of updating a kitchen or bathroom.

Replacing siding and windows will usually result in a bigger financial return than doing a major remodeling project, such as adding a home office.

Surprisingly, adding a swimming pool won't increase your home value as much as you may think it would. This is mainly because many people don't want the high-maintenance costs that are involved with a pool.

To capture natural light in a hallway or windowless bathroom, install what's known as a "light tube", which can funnel sunlight into a living space. This is a cheaper and easier way to brighten up a room than by cutting out a hole on the side of a house for framing a new window.

Consider buying your building supplies at auctions. You can generally find everything from pre-hung doors to wall cabinets at local building-supply auctions.

Some problems in your home may not be obvious, so it's a good idea to have an inspector to look for those areas that you can't see, such as hidden water leaks.

When it comes to high quality American-made home solutions, you can depend on the professionals at Worthington Millwork. We have almost three decades of experience in producing outstanding American-made architectural products that can't be beat in quality and price. Please contact us and learn more about our wide range of millwork products.