With as hot as the real estate market in Colorado has been in recent years, it may not seem like you have to do much to see your property value go up besides sit and wait. After all, there have been some properties in Northern Colorado appraised at $100,000 more than what they were just five years ago, and with 20% projected growth in some areas by 2025, there appears to be no shortage of demand in this booming region.
However, no matter how hot, the real estate market will always be competitive, so if you are looking into renovations that will make your property stand out and command a premium price on the market, consider some of the following projects.
1. Replace the Siding
Quality home siding should provide a number of important benefits to your house, from protecting it from air and moisture to offering an aesthetically-pleasing aspect that enhances curb appeal.
As Colorado faces arguably a larger array of nature’s elements than any state in the country, such as bright sun, heavy snow, and intense winds, nowhere will your siding get put to the test harder than in the Centennial State.
While traditional house siding, such as brick and wooden planks, must be treated with regularity in order for it to retain its pleasing appearance and protective properties, more innovative options, like fiber cement and steel log, maintain their integrity for many years with very little maintenance required by the homeowner. In addition, these modern siding options come in a variety of designs and colors, making them the perfect choice to pair with creative exterior door trim ideas to maximum curb appeal and hold a prominent place in the mind of buyers.
2. Give the Kitchen a Faclift
Kitchen renovations are some of the most exciting, and potentially profitable, home remodeling projects. After all, nowhere are good feelings and quality communication shared quite like at the dinner table, so anytime a kitchen renovation is mentioned, the creative wheels get spinning in the minds of homeowners.
However, not all kitchen remodels are created equal. For example, if you try an overly elaborate remodel that effectively leads to “too much kitchen,” you can have difficulty recouping investment dollars. Furthermore, large-scale remodels can sometimes leave your kitchen inaccessible for months at a time, creating a terrible inconvenience and leading to secondary costs of having to eat out all of the time.
Therefore, if you are looking to be assured of a simple project that will lead to a solid increase in value to your property, look no further than adding quartz surfaces to your kitchen. Not only are they among the most durable countertops on the market, but quartz is nonporous, meaning that cleaning is as easy as a wipe of the rag. With most installations being possible in three days or less, high-quality quartz surfaces will be a major asset to buyers who want a classy appearance with little future investment required for cleaning, maintenance, and replacement.
3. Include Aging in Place Features
While Colorado may have a younger than average population, the continued migration of the Baby Boom generation to retirement could see an increase in demand for houses equipped with aging in place features. Very simply, aging in place features allow residents to enjoy full comfort and functionality of their home as they move through their retirement years.
Some renovation ideas that will appeal to this market and lead to increases in your property value include:
- Shower seats and removable showerheads to increase comfort while cleaning
- Custom handrails in the bathroom and kitchen to aid in crouching and rising
- Shallow kitchen sinks to limit reaching and lifting of heavy cookware
4. Add Solar Panels
Society, in general, is becoming more aware of living a sustainable lifestyle, with Coloradans being some of the leaders in this regard. Therefore, any renovations that can make your home more energy efficient are highly desirable to a forward thinking clientele.
While solar panels are a great way of powering your home with renewable energy, some other eco-friendly ideas include:
- Installing large windows to allow for the flow of natural light
- Choosing energy-efficient appliances for the kitchen
- Using polyiso roof insulation to regulate interior temperature
5. Put in a New Driveway
The Colorado snow commonly melts into porous concrete driveways, only to freeze and cause cracks that form a haven for weeds to spring out of in the summertime.
Instead of concrete, a better alternative for Colorado driveways may be gravel held in place with innovative permeable paver grids. These grids allow for optimal drainage of melting snow and keep the gravel evenly dispersed in the face of traffic, making for much greater curb appeal than an old and cracked concrete driveway.
Although there is no denying that the Colorado real estate market has been hot in recent years, trendy remodeling projects are necessary to ensure that your home can maximize its value on the market. Modern concepts such as classy, low-maintenance siding; durable, nonporous countertops; and features to accommodate an aging market are just a few of the ideas that can help your home appeal to a wide range of buyers and command top dollar.
Thanks to Matt Lee for his input on this piece. He is the owner of the Innovative Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.