10 Modern Updates That Add Value to an Older Home - FFC

10 Modern Updates That Add Value to an Older Home

If a customer owns an older home, there are several upgrades that you can offer to increase the property’s resale value, as well as its functionality. This is especially important for young home buyers since sixty-eight percent of millennial home buyers reported buyer’s remorse.

High home prices are causing millennials to buy older homes rather than new ones, which in turn causes them to feel disappointed with the more dated features of their homes. If this describes one of your customers, or perhaps they’re looking for simple ideas to update their home, below are some popular improvements for older homes.


Technology additions:

Home automation is becoming increasingly popular and you can easily add things like smart thermostats or smart lighting.


Tankless water heaters:

Tankless water heaters are easy to install and take up much less space than traditional water heaters. They can also reduce energy costs by as much as 60 percent since they heat water on demand, which means you never have to worry about running out of hot water.


Wall removal:

Wall removal, for example between a kitchen and living room, can provide a modern open concept design. Or, if the wall cannot be completely removed, a cutout is another option. First, you have to be sure the wall is not load-bearing before removal so the structure of the home is not affected.


Popcorn ceilings:

Popcorn ceilings were popular for a time, and were one of the top installations in every house. If a customer’s home has popcorn ceilings, they could hire someone to redo them or look into scraping it themselves.


New paint/wallpaper:

Updating walls is one of the more cost-friendly and less time-consuming updates out there.


Painting old grout:

In bathrooms and kitchen spaces, grout can turn a dirty color after several years. Since it can be time-consuming and tedious to replace, consider painting it instead with grout paint.


Update hardware:

After a while, hardware can become scratched or dated. They can easily be switched out with newer cabinet knobs, drawer handles, towel racks, and even air registers.


Energy-efficient insulation:

Some older homes have little to no insulation and adding it can make a huge difference to your living space.


Embrace the history:

Learning about the history of the home and neighborhood could save you from affecting the home’s authenticity and value. Maybe instead of pulling out that original hard wood floor, you can update it with a different color stain.


Light fixtures:

Lighting changes often through the years, but replacing can change the whole view of the room, and make the space more usable.

Homeowners want simple updates that replace the old with the new and improved. If they are concerned with the cost of a home improvement project, remind them they can pay it off through low monthly payments.

Read more here.

Note: Use of the terms "Loan," "Lender" and "Borrower" is for ease of reference only. Financings are in the form of retail installment contracts ("RIC").

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