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When you take ownership of a fixer-upper, whether with the intent to live in the home or flip it, certain upgrades become essential for your investment. These improvements not only enhance the livability and appeal of the house but also add considerable value to the property. Here’s a guide that suggests some essential upgrades you should prioritize for your fixer-upper.
Fix the Roof
A beat-up, leaky roof makes fixing up a home nearly impossible. Your hard work would be at risk of damage if the roof over it isn’t sound. Leaks and water damage are expensive to repair, so fixing the roof should be your priority in your list of upgrades. A new roof not only safeguards your investment but also enhances your home’s curb appeal, making it more attractive to potential buyers.
Update the Electrical and Plumbing Systems
Older homes often come equipped with outdated electrical and plumbing systems. These systems can be inefficient, pose safety risks, and fail to meet current building codes. Upgrading these systems becomes crucial to ensuring the safety and functionality of your home. Updated electrical and plumbing systems can also increase your home’s value, as they’re significant selling points for potential buyers.
Add Air Conditioning
Air conditioning has become a necessity in places that never used to need it. Energy-efficient heat pumps are now an option to cool entire homes. If the home has no ducts, a mini-split system may work. Window unit heat pumps are another option. A lack of air conditioning can significantly and negatively affect your home’s value. If the house doesn’t currently have an air conditioning system, adding one should be high on your list of upgrades.
Rip Out Old Carpeting and Add New Floors
Flooring can significantly impact the overall look and feel of a home. Old, worn-out carpeting can be unattractive and harbor allergens. Removing old carpeting and installing new floors can dramatically enhance the aesthetic appeal of your home. Whether you choose hardwood, laminate, or tile, new flooring is an upgrade that can enhance your home’s overall design and increase its market value.
Renovate the Kitchen and Bathrooms
The kitchen and bathrooms are some of the most-used spaces in any home. A well-designed, modern kitchen and bathroom can significantly improve the functionality and appeal of your house overall. Consider replacing outdated appliances, fixtures, and finishes to create a more contemporary and welcoming space.
Repair or Add a Fireplace or Wood Stove
A functioning fireplace or wood stove can add warmth and character to your home. If your fixer-upper already has one, ensure it’s in good working order. If not, consider adding one. Choose from wood burning, gas, or electric fireplaces or stoves depending on the cost and the home’s features and structure. This can make your home more appealing and comfortable, especially in colder climates.Prioritizing essential upgrades for your fixer-upper can significantly enhance its value and livability. Focus on crucial areas of the home and its mechanical systems to start transforming your fixer-upper into a comfortable, modern, and valuable property.
