Expert renovation tips for adding more value to your home
Home renovations can be a significant undertaking, requiring not only a lot of hard work but also a considerable financial investment. Thus, it’s essential to select upgrades that will yield the best returns.
Identifying which improvements will add more value to your home can be challenging, as consumer preferences change over time, and some updates can quickly lose their appeal.
From simple DIY projects to high-end investments, here are some upgrades worth considering this year and beyond.
01. Upgraded bathroom countertops
Bathroom countertops are often overlooked, especially if they’re currently unremarkable. However, considering how frequently you interact with them, investing in attractive countertops makes sense to add more value to your home.
Vanity bases, flooring, and shower surrounds often take priority in bathroom renovations. It is suggested to replace old countertops with lighter and brighter options to create a more inviting atmosphere.
You don’t necessarily need to opt for extravagant marble; even upgrading from a worn white porcelain countertop to a new white quartz one can bring a refreshing change to your bathroom.
02. New wood flooring
While new flooring can be a significant expense, leading many to delay the upgrade for years, it can be a worthwhile investment to add more value.
It can be emphasized that new hardwood floors or refinishing existing ones are currently among the best home investments, with returns as high as 147%.
Hardwood is valued not only for its sustainability and eco-friendliness but also for its low maintenance and versatility, complementing a wide range of interior design styles.
03. Quality kitchen appliances
Your kitchen and its appliances are essential to your daily routine, making it worthwhile to upgrade to high-quality models.
A premium appliance package is expected at certain home price points. Currently, features like big refrigerators and ranges or double ovens are in high demand.
Additional valuable features include refrigerators with French doors and built-in water or ice dispensers. For ovens, opt for built-in designs instead of standalone units, and consider a gas cooktop whenever possible.
04. Spacious shower room
A spacious shower room is the top request connected to renovations which add more value to your house. If you have the square footage available, then this investment is certainly worthwhile.
Besides this it is recommended to add a hand shower, which is perfect for dual showering and simplifies cleaning.
05. Enhanced outdoor living
Your outdoor spaces can also add significant more value when it’s time to sell your home. Exterior improvements have seen a notable increase in return on investment since the pandemic, with many projects yielding over 100%.
Upgrading your landscaping with native, low-maintenance plants, adding composite decking, and enhancing sustainability in your lawn and garden are all excellent ways to boost your home’s value.
06. A Modern farmhouse kitchen
While traditionalists may argue that white kitchens are the best choice for maximizing your home’s value, modern farmhouse kitchens are becoming increasingly appealing as well.
Farmhouse kitchens attract buyers with their rustic charm, featuring elements like natural wooden floors, marble or wooden countertops, and iron or brass fixtures.
By focusing on these foundational elements, you can create a versatile space that future homeowners will appreciate. Additionally, don’t assume that a modern home cannot embody a farmhouse aesthetic; with some thoughtful adjustments, you can easily incorporate this style into a contemporary setting.
Expert renovation tips for adding more value to your home conclusion
Home renovations enhance your property’s appeal, functionality, and livability, while also increasing its market value if you plan to sell. However, it’s crucial to weigh costs against potential returns. Choosing strategic renovations is essential to avoid overspending on upgrades that won’t yield a good return at resale.
Upgrading your kitchen, bathroom, flooring, and curb appeal are some of the most effective renovations to consider for boosting more value to your resale possibilities. While renovations can improve both livability and resale value, it’s important to spend wisely to prevent overcapitalization.
