Are you looking for a renovation that will boost your home value for resale? Take a look at our seven top renovations that will add substantial value to your property.
Considering a home renovation, but worried about cost? You’re not alone.
Many homeowners eventually find something they want to improve upon, whether it’s adding more space to accommodate a growing family or remodeling to improve aesthetics. Luckily, there are many renovation projects that can help boost your home’s value, allowing you to get a great return on investment should you sell your home the future.
If you want to invest in a renovation project that can benefit you now and later on, we can help. Read on for our list of the 7 top renovations to boost your home’s value.
1. Build an Addition
This is the option for you if you’re not ready to leave your current home but feel that your family may already be outgrowing the space. By adding square footage, you can increase your living space to meet your new needs and increase your home value.
For a smooth process that yields the best results, take care to get the right permits and work with a reputable contractor for a larger renovation like this one. Whether you build an additional family room, a complete mother-in-law suite, or an upstairs addition for a new master bedroom, the investment is sure to pay off.
2. Remodel a Bathroom
Home buyers typically look closely at bathrooms and kitchens, and with good reason. These are functional spaces that you spend significant time in each day. You want your bathroom to look appealing and feel comfortable.
Especially if your home is older, you may have a bathroom or two that could use a facelift. You can install a new tub or shower, add a glass shower door, update flooring, and replace your vanity and toilet.
Popular retailers like Home Depot even offer bathroom remodeling assistance, so you can get professional help without relying on an expensive contractor for a smaller renovation like this one.
3. Upgrade Your Kitchen
As mentioned above, when it comes time to sell your home in the future, potential buyers are going to be looking closely at your kitchen. This room is probably where you spend most of your time as a family, so why not enjoy a beautiful, upgraded version for yourself, too?
You can do this renovation in stages to save money, or make minor improvements over larger ones, like resurfacing your current cabinets instead of installing a new set. As you remodel your kitchen, remember to keep the style classic and not too trendy, so that it isn’t outdated by the time you’re ready to sell.
4. Consider Exterior Upgrades as Top Renovations
Until now, we’ve focused on improving the inside of your home, but exterior upgrades are also some of the best home renovations for resale.
You can explore siding options, repaint if your current siding is in good shape, and repair or replace molding and trim. Landscaping projects can also make an impact. If you have a green thumb and a knack for creativity, you may even enjoy doing that part of the project yourself.
Curb appeal shouldn’t be underappreciated. You want to be proud of how your home looks to visitors and passersby, and a nice-looking exterior is sure to attract buyers in the future.
5. Replace Your Windows
You may not realize it, but your old windows could be costing you money. The newest models available have energy-efficient features that can help you save money on energy costs. That’s a benefit that you’re sure to enjoy, and that can be a valuable selling point in a few years.
While you’re investing in new windows, consider patio doors and entry doors as well. Focus on aesthetics for these items, too, as they’ll impact your overall curb appeal.
Consider the window and door trim you choose. Wood is typically preferred, but other options like vinyl may meet your needs for a slightly lower cost.
6. Improve Your Outdoor Living Space
Porch and deck construction are some of the best renovations to enjoy now and add value to your home for resale later.
Like adding a traditional addition, investing in a porch, deck, or patio can provide additional living space. With a beautiful wood deck or a screened in patio, you can enjoy entertainment and dining outside and your kids can have another space in your home to play.
Make the most of your outside space by adding finishing touches like lighting, plants, and perhaps a paved walkway or entry gate.
7. Make Your Entryway Shine
What is the first thing you see when you get home from work or the first impression visitors get when they come over for dinner? If your entryway or foyer doesn’t look or feel inviting, it can be worthwhile to make some improvements.
If you have stairway visible from the entry, create a stunning focal point with a raindrop chandelier. Is a half wall creating the illusion of a cramped space? Knock it down for an open and welcoming feel.
Choose the best options for your unique space, and let the compliments roll in each time someone enters your home.
Make the Ideal Choice with Top Renovations Today and with Selling Options Later
Owning a home can sometimes make you feel like you’re on a roller coaster. From finding the perfect property to buy to getting your home ready to sell when it’s time to move on, there are always important decisions to be made. Luckily, there are resources available every step of the way.
We’re proud to offer a wealth of valuable information for new and seasoned homeowners. For more tips and guidance on buying, improving, and selling properties, browse our blog. Be sure to check out our post on selling your home once you’ve invested in some of the top renovations we’ve recommended.
- Investment2 years ago
Investors Compare Residential To Commercial Property
- Management1 year ago
Top 7 Reasons Why You Should Hire a Property Manager
- Investment2 years ago
AirBnB Your Rental Property Is It Worth It?
- Investment3 years ago
What Do Landlords Fear Most?
- Management1 year ago
Healthy Homes For All!
- Investment1 year ago
Tips From A Property Investor On How To Improve ROI
- Buy2 years ago
Who Is The Real Estate Agent Working For?
- Buy2 years ago
How To Get A Property Before You’re 30
- Legal2 years ago
How to Deal with Tree-Related Neighbour Disputes in Australia
- Technology2 years ago
The Future Is Now: Some of the Most Spectacular Home Automation Upgrades