How to Increase the Value of Your Home Through Renovations
This blog will discuss the seven most effective ways to increase your home’s value through renovations.
Each of our suggestions will provide insight into how you should think about renovations if you want to increase the value of your home.
Spoiler alert: it’s all about foresight.
Updating Your Kitchen
Upgrading your kitchen can seem like an intimidating idea. However, there are certain things you can focus on updating that will help you maximize your ROI should you ever sell.
The first thing to consider when updating your kitchen is the layout. Is your kitchen open? Consider removing walls or opening your kitchen to adjacent rooms.
Replace old appliances and update countertops with something more modern or timeless. Energy-efficient appliances are great for future considerations, and durable quartz or granite countertops provide a timelessly stylish look to any kitchen.
Improving the lighting in your kitchen can also go a long way. Under-cabinet lighting, pendant lights, or a centerpiece chandelier could all be great additions.
Updating the smaller things in your kitchen, like hardware and faucets, can also greatly impact your kitchen’s appearance.
Updating your bathrooms could be central to increasing the for-sale price of your home. You can do many simple things to improve your bathroom and make it much more comfortable.
Replace your old fixtures. Swap out old showerheads, faucets, and light fixtures in favor of more modern styles.
Update the vanity. The simplest way to improve the vanity is to transform it into a double sink. Double sinks are useful for more than just cute couples moments—they also appeal to buyers.
Replace the flooring. Adding new tiles in your bathroom can work wonders for the appearance of the space.
A new shower or tub can also make your bathroom much more attractive. Consider adding glass doors to the shower to make your bathroom feel more modern.
Painting and Interior Design
The colors and design of your space can also add significant value to your home. Painting and interior design are all about creating a beautiful and functional space.
When it comes to the interior of your home, neutral colors work best because they will appeal to the widest range of buyers. Consider making your home look timeless with an earthy, neutral color palette.
Updating your trim is another way to make your space look more thought-out and luxurious. It can also be quite cost-effective to do.
Improve the lighting of your space, add nice artwork to the walls, and ensure there is no shortage of mirrors in your space. All three elements add intrigue and taste and make the home bigger and more attractive. Adding personality and character to your home is a great way to increase its perceived value.
Updating the flooring in your home is an extremely effective way to boost the appearance and increase the value of your home. Whether you decide to put in new hardwood, tile, or something else, it can make your space more visually appealing to all potential buyers.
New floors can also improve the functionality of your home. Replacing your old carpeting with nice hardwood makes your home easier to clean and improves air quality throughout the space.
This is not as well known, but certain kinds of flooring can also improve your energy efficiency. Installing carpets or rugs in your colder rooms helps them retain heat much more effectively. Additionally, if you consider installing a radiant heating system under the surface of your hard floors, it will make your floors warmer to the touch and can help reduce heating bills.
Attic or Basement Renovations
You might not use your attic or basement very much right now, but if you think those rooms have the potential to be nicer, you could consider remodeling them.
Renovating your attic, basement, or both will create additional living spaces. It can also improve the amount of storage you have. These factors alone will enhance the overall appeal of your home, especially if the potential buyers have kids or teens moving in.
Renovating these spaces and making them livable will help increase your energy efficiency. Adding proper insulation and furnishing into those spaces makes them easier to heat and retain heat more effectively.
If your windows are old, and you’re looking for an easy way to add value to your home, adding double-paned insulated windows around your home is the thing to do.
Double-paned windows are stronger than traditional windows, and because they are insulated, they will not be as much of a heat sink. They will drastically improve your current and future energy savings. Also, buyers will look at the windows when shopping for homes. If they see old, brittle windows, they won’t be as attracted to buy the home as they would if the windows were newer.
Smart Home Automation
Adding smart home technology can add serious value and appeal to your home when selling. Smart home technology adds convenience to the lifestyle the home offers while increasing safety and energy efficiency.
Smart home tech enables homeowners to easily control various aspects of their environment.
Some examples of smart home tech you could install in your home might include:
- Smart thermostats
- Smart lighting
- Smart locks
- Smart security systems
- Smart appliances
All homeowners should consider purchasing and installing these wonderful pieces of technology. They’ll make your life easier while you still live there and make your home very appealing to future occupants.
The beauty of smart home technology is that everything is remote, usually through smartphone apps. Aside from being super convenient, this technology also enables the smart equipment to let the homeowner know when it’s time for maintenance, repairs, etc., which will help save you money long term.
The best way to improve the value of your home through renovations is to break down every element of your home and start thinking about ways to make improvements that make the home more desirable.
With enough thought and foresight into how your home will function in the future, you can use renovations to significantly increase the value and appeal of your home. Consider it an investment that will pay off in the long run.
If you need a hand remodeling your home, we encourage you to contact YCI INC. to get started at (757) 871-8691.