Adding Value to Your Home: 5 Easy Modern Home Updates

Sure, older homes have a brand of charm. But if you’re thinking about adding value to your home, you can always make a few updates. Let’s discuss five easy ways that you can add a modern twist.

1. Home Automation

Thanks to advances in technology, you can now control every room of your house with just the touch of a button. Change the temperature, the lighting, and find out who’s standing at your front door with a few remote controls. This type of technology is referred to as home automation. And by adding these features to your home, you can significantly increase its value. Shop around for smart products such as doorbells, thermostats, and sensors.

Discover more about your options for financing indoor home renovations.

2. Adding a Tankless Water Heater

Many older homes feature tank water heaters. These types of heaters continually heat the water that is stored in the tank. This means that you’re often forced to wait for the water to heat up.

Conversely, modern homes often feature tankless water heaters. These heaters only heat the water as it is needed. Not only is this convenient, but it’s also energy efficient which means that it can save the next owner a lot of money in the long run.

3. Energy-Efficient Insulation and Appliances

Another way to ensure that your home is energy-efficient and increase its value is to replace your insulation and appliances. Most of your home’s energy is spent on heating and cooling your space. So if your home feels a bit drafty during the summer and cool during the winter, consider adding extra insulation.

The older your appliances, the more energy they tend to consume. That’s why it’s a good idea to replace items such as washers, dryers, dishwashers, and refrigerators. These changes can often save hundreds per year.

Learn more about four easy renovations you can implement for a more energy-efficient home.

4. Wall Removal for an Open-Concept Floor Plan

In certain instances, adding value to your home is not so much about what you add to it as it is about what you remove from it. This is specifically the case when it comes to the layout. One of today’s most popular trends is an open floor plan. Consider removing the walls so that it creates a larger, more open living space.

5. Refinish Cabinetry and Update Hardware

One of the best ways to add value to your home is to refinish your cabinets and update your hardware. Certain styles of wood and fixtures are considered to be dated and out-of-style such as ornate cabinets, oversized hardware, and patterned backsplashes. Try switching to hardware that is small and sleek and cabinetry that is handmade.

Adding value to your home is easy. You simply need to pay attention to the details and how they will affect your home in the long run. These simple changes can go a long way. If you are interested in updating your home, you might be wondering how to finance your project. Medallion Bank offers a variety of home improvement financing programs for contractors. Be sure to ask your contractor about your available financing options.