Taking on a home renovation can be a lot of work. While you should choose projects that will most benefit you and your family, it’s not a bad idea to consider the boost in home value and buyer appeal it could give you. After all, you’re going to have to sell your home one day, so you might as well get the value as high as possible!
If you’re thinking about a home renovation that will be beneficial in the future, here are the home renovations that can increase your home’s value the most.
Remodel the Kitchen
No surprise here, but a newly renovated kitchen significantly boosts your home’s value. Buyers love an open, spacious kitchen where they can gather their friends and family. Choosing high-quality materials for your counters, cabinets, and floors will attract potential home buyers.
You’ll also want to upgrade the appliances to have the latest technology that buyers will be intrigued by and that other homes may not have. This could include large appliances like a smart refrigerator, but don’t overlook smaller details like a pot filler faucet or warming drawers. Buyers love those items, and they could be the deciding factor between your home and someone else’s.
Add Onto Your Home
Another no-brainer when it comes to renovations for resale is an add-on. The additional square footage will immediately increase your home’s value. Since so many homeowners are working from home for the foreseeable future, a home office addition can go a long way when it comes to home value, as many homeowners need one.
Other ideas would be adding an extra bedroom or a flex space that can be used for things like an entertainment room, home theater, or library. The bottom line is more space is a good idea!
Outdoor Living Room
Outdoor living rooms have increased in popularity significantly in the past few years. A simple deck or patio space is nice but no longer stands out from the crowd. Creating an outdoor living space with a seating area, kitchen, and a fire feature, like a fireplace or fire pit, will make your home more desirable and beat out the competition.
Renovate the Bathroom
Homeowners want a luxurious, spa-like master bathroom. Having a zero-grade entry shower not only looks great but is a must-have for older home buyers who are looking for a place to age in place.
Zillow.com also reported that painting a bathroom light blue helped homes sell more quickly and for more money – about 1.6% more, to be exact. Light blue bathrooms also feel peaceful and calm, so it might be a good idea to include a light blue wall in your design choices.
While thinking about resale value is a good idea if you’re planning to sell your home soon, it does not need to be the main factor in the decision-making process. At the end of the day, we want your remodel to be reflective of you, your style, and your needs. If you have any questions, don’t hesitate to get in touch with us. We’d love to discuss your renovations and start the process.
