Summer’s here, and while the sun is hot in Milwaukee, so is the housing market. There’s no better time to invest in home improvement projects that don’t just give your home a fresh look but also enhance its resale value.
According to a 2022 report from the National Association of Realtors, median renovation spend has increased by 20% as homeowners increasingly see the value of sprucing up their living spaces. Explore some of the most effective summer projects to elevate your Milwaukee home.
The Top Home Improvement Projects
Affordable Upgrades with High Returns
Your home doesn’t need a total makeover to attract potential buyers. Simple and affordable upgrades can offer significant returns. New wood flooring, for instance, can deliver a Return on Investment (ROI) of up to 118%, while hardwood flooring refinishes can yield a whopping 147% ROI. On the exterior front, new roofing and garage doors offer 100% ROI and can help you make the best first impression when it’s time to sell your Milwaukee home.
Enhancing Your Home’s Outdoor Spaces
Homes sales within the Metropolitan Milwaukee area increased by 26.6% compared to April 2022, which means that high-end buyers are actively participating. Investing in your home’s outdoor spaces and entrances is an intelligent move to impress these discerning buyers. HomeLight suggests simple additions like a deck or patio could add over $7,000 to your home’s resale value. Enhancing entrances with a steel door replacement or garage door upgrade can yield 43.8% and 75.2% ROI, respectively. These projects can boost the overall appeal of your home while increasing your home’s market value.
The shift to remote work is revolutionizing what adds value to a home. With more individuals working from home, a dedicated home office can add over $10,000 in resale value. Creating a backyard Accessory Dwelling Unit (ADU) can also boost your property value by an estimated $66,000.
Embrace Energy Efficiency
Eco-conscious buyers are always on the lookout for energy-efficient homes. Simple modifications like replacing old toilets with low-flow fixtures or upgrading to energy-efficient appliances and windows can significantly boost your home’s value. An energy-efficient window upgrade, for instance, can recoup about 80% of its cost at resale.
Increasing your Milwaukee home value in the summer isn’t just about improving the look of your home. It’s about smart choices that align with market trends and buyer preferences. From cost-effective flooring upgrades to energy-efficient improvements, these summer projects present the perfect opportunity to make the most of the thriving Milwaukee housing market. As you soak up the summer sun, why not give your home a glow-up too? Your future home sale might just thank you.
Patricia, like her blog, is not a one-dimensional designer, which is evident in her accolades of 17 national design awards. Over a 38-year career in the industry, she has carved a niche in several areas of design. Licensed in interior design and certified in kitchen and bath design, she offers a full menu of design services ranging from whole house interior design, kitchen and bath design, lighting design, full remodels, commercial design and universal (ADA) design.
Patricia is a sought-after speaker in the industry and has been published in many publications as seen on her interior design firm’s website, https://www.patriciadavisbrowndesigns.com/. She writes for such publications as QuinStreetinc, Relaxed Remodeler, and eHow.com talent offering design tips.
Dig This Design is an international blog about ALL things DESIGN for your home or business. Consider this your go-to resource to explore the latest ideas, find inspiration, and dream about possibilities
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