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Projects to update older homes

Do you own an older home, and are you looking to make upgrades that matter? Strategic enhancements not only increase a property’s resale value, but also its functionality.

This is particularly important among young homebuyers. Sixty-eight percent of millennial homebuyers reported buyer’s remorse, according to a Bank of the West survey. Today’s high home prices in cities across the country mean that many millennials are buying older homes rather than newly built ones. Shortly after the purchase, these homebuyers feel disappointed with the dated features of their homes, unsure what and where to renovate.

If you feel you’ve settled for your home, or perhaps you love the older property but want to give it a face-lift, here are some leading home-improvement projects for older homes:

Technology additions: Smart-home features are frequently requested in new construction. Fortunately, your older home can become a smart home too when you implement technology, such as home automation. Thanks to WiFi, there’s no need for clumsy and costly rewiring.

Tankless water heaters: Tankless water heaters are ideal for older homes because they are easy to install, take up much less space and can reduce energy costs by as much as 60 percent. Because they heat water on demand, you never have to worry about running out of hot water.

Wall removal: Removing a wall between the kitchen and living room can enhance the functionality of the area and provide a modern open concept design. Cutouts in walls are another option if the wall cannot be completely removed.

New paint/wallpaper: That 1970s pea-green paint in the bathroom and the 1980s floral wallpaper in the bedroom instantly date your home. By updating the walls, your house will feel more modern and you can customize to your personal tastes.

Update hardware: Hardware throughout a home gets dingy and dated. To update a space without an overhaul, simply change out the hardware. Cabinet knobs, drawer handles, towel racks and more in a modern metallic hue can make a space feel fresh again.

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