Winter Home Improvements That Add Value

Home improvement is often considered a seasonal activity, with spring and summer taking center stage for most tasks. However, the winter months shouldn't be overlooked; it's still possible to make some cozy improvements that are perfect for hibernation or sprucing up your existing "nest." Similarly, thoughtful yard maintenance can also pay dividends in preparation for those warm-weather months to come.

'Tis the remodeling season!

Winter is the perfect season to improve your home and boost its value. Here's why:

• Contractors and installers tend to have more availability than in warmer seasons.
• During this time, supply chain bottlenecks are likely to be at a minimum.
• Many families have fewer commitments to schedule around.

Winter offers ideal opportunities for tackling home improvement projects. The NAR Research Group 2022 Remodeling Impact Report is a great resource that can help guide homeowners who are looking for projects that can achieve both aesthetic appeal, as well as provide resale benefits when it comes time to sell their property down the road.

Please note: according to the report, “The actual cost of each remodeling project and cost recovery are influenced by many factors, including project design, quality of materials, location, age and condition of the home, and homeowner preferences.

Outlined below are the highest recommended winter home improvement projects from the NAR report, along with their estimated return on investment percentage.

Refinish hardwood floors (147%) or replace them (118%)

Winter brings some unique benefits to hardwood flooring installation and refinishing processes. The season's lower humidity levels create an optimal environment for a successful project, with less wood expansion gaps and shorter drying times for adhesives and sealants.

Upgrade your home's insulation (100%)

An insulation upgrade helps keep your home comfortable no matter the season - not just cooler in summer and warmer in winter, but all year round. This makes it an ideal choice for homeowners across the country who want to improve their property's energy efficiency!

Replace your garage door (100%)

Investing in a new front-facing garage door could drastically raise the value of your home, especially if you're looking to sell your home soon. With relatively little effort and cost, this upgrade delivers excellent returns for those seeking an instant boost in curb appeal!

Finish that unfinished basement (86%)

Winter's reduced humidity levels make it an ideal time to consider converting your unfinished basement into usable living space. Transform unused space into a valuable asset - create new bedrooms, bathrooms or multi-generational living areas that can increase market value and provide extra rental income potential. Give yourself (and your wallet) the gift of increased appraised home value this winter season with a strategic investment in one of today’s hottest trends: basement renovations

Remodel or upgrade your closet (83%)

A closet renovation may seem like a small change, but its long-term impact can be monumental. It's an easy DIY project that won't take more than a couple of days to complete, and the difference in organization alone will become evident almost immediately! Plus, you'll experience pleasure from your newly improved space every single time you open it - what better way to get lasting enjoyment out of your home?

Turn your attic into living space (75%)

Whether you want to upgrade or boost your home's value, an attic conversion is a great investment. Not only will it add square footage and increase appraised value, but by installing insulation in the space where heat can easily escape, you'll save massively on energy costs over time!

Show your kitchen some remodeling love (75%)

Winter is also a great time to give your kitchen an upgrade! Consider escaping colder climates and renting somewhere warm while you reap the rewards of undertaking a big-budget, value-adding renovation. When it's all complete, you'll come back home to a stunning new look that will be truly picture perfect!

Upgrade or remodel your bathroom(s) (71%)

Transform your bathroom into a luxurious retreat that's sure to make potential buyers swoon. When done in tandem with closet renovations, this is an excellent way to not only boost the value of your home, but also drastically increase marketability to potential buyers in your area!

Additional winter-friendly project considerations...

Reinvigorate your home this winter season! Whether it be organizing, decluttering, or simply freshening up the look of your living space, there are numerous options to help you and your family feel warm and cozy all year round. Get creative, and make those chilly days a little bit brighter with your own unique take on interior design!

• Update your interior trim and paint
• Update your crown, floor, and window-frame moldings
• Update your light fixtures
• Upgrade or paint interior doors
• Update the hardware on doors and cabinets, outlets, vents, and light switches

Freshen up your home this winter, and you'll be ready for it to stand out among other listings in the spring! Enhancing the curb appeal of your property with minor renovations will draw buyers in, and can potentially increase your home's value.

Talk to a real estate agent to see what your home would sell for in today's market, and get expert advice about what desirable upgrades you should consider making to your home.