12 Modern Home Improvement Projects With a Great Return on Investment
August 12, 2022
Investing in your home can be a great way to improve your quality of life while also increasing the value of your property. However, not all home improvement projects are created equal. Some will provide a significant return on investment, while others will do little to increase the value of your home. If you’re considering undertaking a home improvement project, choosing one that will offer a good return on investment is crucial. Here are 12 modern home improvement projects that are sure to offer a great return on investment.
1. Invest in Energy-efficient Windows
One of the best modern home improvement projects you can undertake is to invest in energy-efficient windows. Not only will this improve the look of your home, but it will also help you save money on your energy bills. Energy-efficient windows are a great way to reduce your carbon footprint and make your home more comfortable all year round.
There are various types of energy-efficient windows available on the market. This includes double-glazed windows filled with argon gas to insulate your home. You can also choose triple-glazed windows, which offer an even higher level of insulation. You can also opt for low-emissivity windows. These windows allow sunlight into your home while reflecting heat back outside. This can be a great way to keep your home cool during the summer months if you live in a particularly hot climate.
Another option is to install solar film on your windows. Solar film helps to reflect heat away from your home, keeping it cooler in the summer months. This is a great way to reduce your air conditioning costs and make your home more comfortable.
Installing new windows is a big job, so you may want to hire professional window installation services. However, it’s a good idea to get multiple quotes before hiring anyone. This will help ensure you get the best possible price for your new windows.
2. Add Insulation to Your Home
Adding insulation to your home is another great way to improve its energy efficiency. This is because insulation helps to keep heat in during the winter months and cool air in during the summer months. As a result, you’ll be able to reduce your heating and cooling costs throughout the year.
There are various types of insulation available, so it’s important to choose the right one for your home. One of the most popular types of insulation is fiberglass insulation. This is because it’s effective and relatively inexpensive. However, it’s important to note that fiberglass insulation can irritate the skin, so you may want to wear gloves when installing it.
Another popular type of insulation is cellulose insulation. This is made from recycled paper products, so it’s a more environmentally friendly option. Cellulose insulation also effectively reduces noise, so it’s a good choice if you live in a busy area.
There are also various types of spray foam insulation available. This is a great option if you’re looking for something that’s quick and easy to install. Spray foam insulation can be sprayed into any area of your home, so it’s ideal for hard-to-reach places.
If you’re not sure which type of insulation is right for your home, it’s a good idea to consult with a professional. They’ll be able to assess your needs and recommend the best type of insulation for your home.
3. Repaint Your House
One of the quickest and easiest modern home improvement projects you can undertake is to repaint your house. This is a great way to give your home a fresh new look. It’s also an opportunity to add value to your home by choosing a modern color scheme.
When choosing paint colors, it’s important to consider the style of your home. If you have a modern home, you may want to choose brighter colors. However, if you have a more traditional home, you may want to stick to classic colors like white or cream.
It’s also important to consider the type of paint you’re using. There are various types of paint available, so it’s important to choose one that’s right for your needs. For example, some house painters will recommend using latex paint. This is because it’s easy to apply and dries quickly. However, if you’re painting a larger area, you may want to use oil-based paint. This type of paint takes longer to dry but provides better coverage.
Do not forget the exterior of your home when repainting. Something as easy as stucco re-coloring can modernize the look of your home significantly.
4. Repair or Replace Your Siding
If your home’s siding is damaged, it’s important to repair it as soon as possible. This is because damage to your siding can allow water to enter your home, causing serious structural problems. Siding repair is also a good opportunity to modernize the look of your home.
There are various types of siding available, so it’s important to choose the right one for your home. One of the most popular types of siding is vinyl siding. This is because it’s durable and easy to maintain. However, it’s important to note that vinyl siding can fade over time.
Another popular type of siding is fiber cement siding. This is a more expensive option, but it’s also very durable. Fiber cement siding is also resistant to fire. Most siding contractors recommend this type of siding for homes in areas that are prone to wildfires.
Remember, this is one of those modern home improvement projects that do more than just modernize the look of your home. It also protects your home from the elements and can add value to your property.
5. Upgrade Your Flooring
One of the most popular modern home improvement projects is to upgrade your flooring. This is because new floors can completely change the look of your home. There are various types of flooring available, so it’s important to choose the right one for your needs.
One of the most popular types of flooring is hardwood flooring. This is because it’s classic and timeless. Hardwood floors can also be refinished, so they’re easy to maintain. However, hardwood floors can be expensive. Another popular type of flooring is laminate flooring. This is a more affordable option that looks like real wood.
For high-traffic areas of your home, you may want to consider tile flooring. This is because it’s durable and easy to clean. However, tile flooring can be cold and hard on your feet. You may want to avoid tile flooring in their bedrooms or playrooms if you have young children.
Another popular type of modern flooring is epoxy flooring. This is a type of floor coating that’s applied to concrete floors. An epoxy floor is durable and easy to clean. It also comes in various colors, so you can create a unique look for your home.
6. Replace Your Roof
When considering modern home improvement projects, don’t forget about your roof. It protects you from the elements, prevents water damage, and adds to your home’s curb appeal. This makes it one of the most important parts of your home.
Different roofs have different lifespans. For example, asphalt shingle roofs typically last 20-30 years. However, metal roofs can last up to 50 years. If your roof is approaching the end of its lifespan, it’s important to get it replaced.
There are various factors to consider when choosing a roofing material. These include the climate, your home’s style, budget, and energy efficiency. For example, metal roofs are a good choice for homes in areas that experience high winds. This is because they’re very durable and can withstand high winds. On the other hand, most roofing services providers recommend slate roofing for homes in cold climates. This is because they’re good at insulating your home and preventing heat from escaping.
No matter what roofing material you choose, it’s important to get it installed by a professional roofing contractor. They have the experience and knowledge to ensure your roof is installed properly.
7. Upgrade Your AC Unit
If you live in a hot climate, your AC unit is one of the most important parts of your home. It keeps you cool and comfortable during the hottest months of the year. This makes it a crucial part of your home, especially if you have young children or elderly family members living with you.
There are various types of AC units available on the market. They include ductless mini-splits, window units, and central air conditioners. Each type has its own benefits and drawbacks. For example, ductless mini-splits are more energy-efficient than window units. However, they’re also more expensive. Central air conditioners are the most expensive option but are also the most effective at cooling your home.
When choosing an AC unit, it’s important to consider the size of your home. You don’t want to get an AC unit that’s too small or too big. If it’s too small, it won’t be able to cool your home properly. On the other hand, if it’s too big, it will use more energy than necessary, which will increase your energy bills. So before embarking on a central air installation, be sure to have a professional come out and assess your home.
8. Install a New Fence
A new fence is a great way to add curb appeal and modernize your home’s exterior. It can also be a wise investment, as it can increase your home’s value while also providing privacy and security. When choosing a fence, be sure to consider the material and the height and style that will best suit your needs.
Wooden fences are a classic choice that can add natural beauty to your home. They’re also relatively easy to install and maintain. However, wood fences are susceptible to rot, insect damage, and weathering. On the other hand, a vinyl fencing installation is a modern alternative that is durable, low-maintenance, and won’t break the bank.
9. Replace Your Countertops
One of the most popular modern home improvement projects is replacing your countertops. This is because countertops play a big role in the look and feel of your kitchen. They also see a lot of wear and tear, so it’s important to choose a material that’s durable and easy to maintain.
There are various materials to choose from when selecting new countertops. These include granite, quartz, marble, soapstone, and laminate. Each material has its own benefits and drawbacks. For example, granite is popular because it’s beautiful and durable. However, it’s also one of the more expensive options. Laminate is a more budget-friendly choice, but it’s not as durable as granite.
When choosing new countertops, it’s important to consider your lifestyle. If you’re someone who cooks often, you’ll need a material that can withstand high temperatures and is easy to clean. If you have young children, you’ll want a stain-resistant material. No matter what your needs are, there’s a countertop material that’s perfect for you.
10. Upgrade Your Storage
While some modern home improvement projects are about style, others are about function. This is the case with storage upgrades. If your home is cluttered and disorganized, upgrading your storage can make a big difference. It can make your home more functional and efficient while decluttering your living space.
There are various storage solutions available on the market. These include shelves, cabinets, bins, and racks. When choosing storage solutions, it’s important to consider your needs. For example, shelves would be a good choice if you have a lot of books. If you have a lot of clothes, then cabinets or bins would be better.
11. Upgrade Your Lighting
Lighting is an important part of any home, and it can greatly impact the overall look and feel of your space. Poor lighting can make a room feel dark and depressing. On the other hand, good lighting can brighten up a space and make it more inviting.
There are various types of lighting to choose from, including overhead, task, and accent. When choosing new light fixtures, it’s important to consider the function of the room. For example, overhead lighting is a good choice for general illumination, while task lighting is better for tasks like cooking or reading.
12. Install a New Fireplace
If you’re looking for a modern home improvement project that’s both stylish and functional, installing a new fireplace is a great option. A fireplace can add beauty and value to your home while also providing warmth on cold winter nights.
When choosing a fireplace, there are various things to consider. These include the size of the fireplace, the type of fuel, and the style. For example, a gas fireplace installation would be a good choice if you’re looking for something easy to use. If you’re interested in a more traditional look, then a wood-burning fireplace would be a better option.
These are just a few of the modern home improvement projects that can add value to your home. When embarking on any type of home renovation, be sure to do your research and consult with a professional before proceeding. With a little bit of planning, you can ensure that your home improvement project is a success.