Are you considering a home renovation? Home renovations can increase the value of their home, and consequently, its resale value. But, not all home improvements offer the same return on investment (ROI). So which are the most worth it? Here are the top home renovations that offer the best ROI at resale.
Start with the kitchen
The kitchen is by far the most important area of a home. It’s the heart of the house, and where people spend a large chunk of their day – either cooking for themselves or entertaining guests. For homeowners and future buyers, nothing can speak to the quality and function of a property more than the kitchen. So when it comes to making improvements and sprucing up your house before a sale, look no further than the kitchen. It could make all the difference in getting an optimum price.
Whether small or major, a kitchen renovation can make a significant difference. There are lots of DIY-friendly updates like painting cabinets and adding new pulls. Consider updating the faucet, or light fixtures. Or go for a complete overall replacing cabinets, flooring, counters, and appliances. No matter how extensive, a kitchen renovation is a solid bet.
Consider exterior upgrades
Curb appeal can make or break a first impression. When it comes to considering home renovations, the exterior of your home is a great place to look. Adding a new coat of paint can transform the appearance of a home. Additionally, creating an outdoor living area with comfortable seating and lighting can not only provide a place to entertain, it can also add value to your home. Consider adding a water feature or planting a quaint flower to add beauty and interest. These are the types of features that can add significantly to a home’s value but don’t have to break the bank.
Bathrooms are important too
Upgrading the bathroom is a great way to add extra value to a home. Invest in modern fixtures, new tiles, and extra storage space to add both comfort and function to a bathroom. It also can give buyers a bathroom that fits their needs perfectly.
Whether considering a simple facelift or something more extensive, upgrading the bathroom can be an affordable way to upgrade the overall look of your home. It will also ensure that it appeals to potential buyers. With the right planning, you can turn an outdated bathroom into one of your home’s main selling points!
Consider finishing a basement or attic
Finishing a basement or attic is a great way to gain more living area. Converting these areas to another level can be financially rewarding for homeowners. If the space doesn’t contain the proper utilities such as water and electric, you should hire a professional to get you started. Converting a basement or attic provides you an opportunity to customize the space to your needs. Transform the space into an in-law suite or a home theater and game room. Finishing a basement or attic not only provides usable square footage, it contributes to the overall marketability and can significantly increase the value of the home.
If you’ve been wondering about the best renovations for increasing the value of a home, there are a few things you need to keep in mind. Starting with the kitchen is a good way to make sure future potential buyers can envision themselves in the space. Don’t forget about curb appeal – first impressions matter! Update any old fixtures or storage spaces in bathrooms so they meet buyer expectations. If you have any extra living space, such as a basement or attic, finish it off to add even more value to a home. Following these tips can help your clients achieve the maximum return on investment.
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