What Home Improvements Will Give Me the Most Bang for My Buck in Mississippi?
The home remodeling industry has a value of $400 billion or more, and no company has more than 5% of the market. You might be curious as to why this is the case. Instead of relocating, more homeowners are updating their houses through remodeling.
Depending on your needs and wants, you can undertake several home remodeling projects for your Mississippi home. Considering the financial investment, you want to make home improvements that’ll give you the most bang for your buck. Here are home remodeling projects that’ll give you a decent return on investment.
1. Kitchen Remodels
The kitchen sees the most activity in any home. It should be functional and aesthetically pleasing. Depending on your budget, consider replacing outdated cabinets and countertops, installing new appliances, or adding a kitchen island for additional counter space. A modern, updated kitchen can attract potential buyers and increase your home’s value. The return on investment of kitchen remodels that include lighting upgrades is 56%, making it a great option.
2. Bathroom Remodels
A bathroom remodel will also provide a high return on investment for your Mississipi home. Consider swapping out outdated fixtures, installing new tile flooring, and changing the lighting. Consider adding a pedestal sink and a glass shower enclosure for a small bathroom to make the space feel bigger. Updating your bathrooms will increase your home’s functionality and boost its value.
3. Outdoor Living Spaces
Homeowners in Mississippi are increasingly becoming aware of the benefits of outdoor living spaces. A well-designed outdoor living space will increase your home’s value if you intend to put your house on the market. While you still live in the home, it’ll offer a space for relaxing and entertaining friends and family.
Consider installing outdoor features such as a fire pit, a patio or deck with comfortable seating, or an outdoor kitchen with a grill, refrigerator, and sink. Create an outdoor paradise by adding trees, shrubs, and flowers to your landscape. Outdoor spaces are attractive to prospective homebuyers as they enhance the overall quality of life.
4. Energy-Efficiency Improvements
The average American home consumes 11,000 kWh of power annually. Energy-efficient upgrades can help you save money on energy bills and increase your home’s market value. Common energy-efficient upgrades include investing in Energy Star-rated appliances, upgrading to LED lighting, or adding insulation to your walls and attic.
Replace old windows with energy-efficient windows to prevent drafts and enhance your home’s insulation. You should also inspect your HVAC system to determine if it’s time for a more energy-efficient upgrade. Energy-efficient upgrades will increase your home’s appeal to buyers who are concerned about their environmental impact as they’ll reduce your home’s carbon footprint.
5. Roof Replacement
In Mississippi, where hurricanes and heavy rains are common, having a functional and sturdy roof is non-negotiable. Call a professional to help determine if your roof needs repairs or a replacement. If your home’s roof has been serving you for years or has extensive repair needs, it’s best to get a new one.
A new roof will protect your home’s interior from leaks and water damage, which can cause health hazards for occupants. A new installation will also make your home more energy efficient by minimizing air leaks and preventing heat transfer. This way, your home will stay cool in the summer and warm in the winter, ultimately saving you money on your energy bills.
6. Work With Professionals
When planning for home improvements for your Mississippi home, always include the cost of hiring professionals. It may be tempting to try and do it yourself due to the cost savings on labor, but consider costs such as hiring or buying equipment and getting permits to operate them. You also won’t have the added accountability that comes with hiring professionals in case something goes wrong during the job. Search for professional services in your area and look at customer reviews and testimonials to get an idea of their service quality.
Spring is a great time to make home improvements. Consider these projects to get the most bang for your buck.