6 Home Renovation That Will Increase Your Resale Value
There are many reasons to renovate your home. Your family continues to grow, the look of the house is outdated, or maybe you’re looking to move. Whatever the reason for your home renovation, you should be considering what will be worth your time and money. Ultimately, you want to make improvements to your home that not only satisfy you in the present but also give you a return in the future.
This article discuses the best home renovation projects for improving your home’s resale value.
Add An Addition
Has your family grown but your house has stayed the same size? If so, it may be time to add an addition to increase the square footage of your home. This home improvement project will help the initial need for your family needing more space and is a sure way to up your property’s value.
Increasing your home’s square footage is not the only way a home addition can add value to your house. The materials and design of your home addition can also increase the resale value. Higher quality materials and trending home features (like in-law suites) will give you more money back when it comes time to sell.
Kitchen Renovation
The kitchen is often described as the heart of the home. Its functionality and aesthetic can greatly alter the vibe of a house. In fact, the kitchen is often the make-or-break room in a house for potential homebuyers. So, it is important to keep your kitchen updated and functional, especially when it comes time to sell.
Even the smallest of kitchen projects can provide a huge return on your investment. Lighting, fixtures, and storage space catch the eye of potential homebuyers. Large projects such as swapping appliances can get returns as high as 50% when it comes time to sell.
Consider trendy features such as drawer microwaves, wine refrigerators, smart appliances, hidden electrical outlets, and industrial-grade ranges to really make your kitchen stand out.
Bathroom Renovation
Who doesn’t appreciate a well-designed bathroom? This becomes a selling point of many homes and sets a property up for success on the market. Upgrading your half bathroom into a full bathroom or adding an entirely new bathroom will pay dividends when it comes time to sell. Additionally, it will help your current bathroom situation if you are consistently fighting for bathroom time.
HVAC Upgrades
Be honest with yourself, when is the last time you assessed your home’s HVAC situation? Your home’s heating, ventilation, and air conditioning should not be an afterthought! Don’t wait for your HVAC systems to fil before replacing them. It is almost always an energy saving to upgrade your furnace or AC unit, which will save you money in the long run. Additionally, no one wants to purchase a home with a failing air conditioner or unreliable furnace.
Besides the resale value benefit, it can be dangerous to push the life of your HVAC. The last thing you want is for your furnace to die in the middle of a winter storm. Check your HVAC regularly and consider an upgrade before it is too late.
Outdoor Living Renovations
What better way to enjoy the beautiful days of summer than an outdoor living area? The functional space of your property doesn’t have to stop within the walls of your home. Backyard patios, porches, decks, fire pits, and outdoor kitchens are all amazing ways to add life to your outdoor areas. Create a relaxing destination for yourself and the family by upgrading your outdoor space.
Lighting Upgrades
Upgrading the light fixtures of your home is one of the quickest and most affordable ways to increase your home’s value. Nobody likes the feeling of a poorly lit and dark home, so upgrade your lights to liven up the place! You will be amazed at how much a simple upgrade in lighting can change the feeling of a home, and homebuyers will notice!