7 HOME RENOVATION IDEAS TO ADD VALUE TO YOUR HOME.

Remodeling can be a big undertaking, so it’s important to know which renovations will yield the highest return for your money when it comes time to sell your home. Evaluate the cost versus the value of the renovation to decide if it’s a worthy investment. Which renovations offer the biggest impact on a home’s value? Here are seven effective ways to enhance your home’s appeal and increase its value for a successful sale.

1. Create an Addition

Growing families need more space and building an addition can increase your home’s square footage and value. Choosing the right materials and details to enhance your home’s character will help you get the most out of your investment, but the additional square footage is what matters. Any physical expansion, such as adding a bedroom or extending a living room, can have a significant impact on a home’s value. So, in this case size does matter, and adding square footage will always add value.

2. Kitchen Reno

A functional kitchen is a top priority, as it is the hub of the home. Remodeling your kitchen can be satisfying when it’s tailored to your needs and desires. According to the National Association of the Remodeling Industry’s 2019 report, homeowners can recover up to 52% of the cost of a kitchen upgrade when selling their home.

3. Bathroom Reno

Renovating a bathroom can add value to your home and is a major selling point. Incorporating sleek surfaces can create a sparkling space that is easy to clean. According to the National Association of the Remodeling Industry’s report, Realtors estimate that homeowners can recover up to 57% of the cost of a bathroom renovation when selling their home.

4. Modernize your HVAC system

Proper maintenance of your home’s heating, ventilation, and air conditioning (HVAC) system is crucial since it keeps everything running smoothly. HVAC replacement costs can be recovered up to 85% when you sell your home. Old or poorly functioning heaters, air conditioners, and roofs can be a major turnoff for potential buyers during inspections. Case studies show that even if the seller offers a home warranty to compensate for the old systems, buyers, more specifically millennial buyers are unwilling to overlook outdated mechanicals.

5. Landscaping and outdoor living space

How many showings have you been to where you’ve fallen in love with the outdoor space? Not many I imagine because most renovation projects focus on the interior space of the home and rarely spend any money on the outdoor spaces. A good outdoor living space is an excellent way to enhance your home’s appeal and offer a perfect spot for entertaining guests. Whether you have a small or large budget, there are numerous ways to upgrade your backyard, porch, or patio and turn it into a relaxing haven.

6. Adding accessibility features

When renovating a home, it’s important to consider universal design principles that cater to people of all ages, sizes, and physical abilities. To achieve this, it’s essential to keep these factors in mind early on in the planning process. Widening doorways, converting a main-level tub into a shower, creating a stepless entrance, or adding a door to the back or side of your house are some of the modifications you can make.

Making your home more accessible can enhance its appeal to guests and increase its market value for a wider audience, and most importantly, allow you to comfortably age in place.

7. Updating the lights

Lighting can create the ‘wow’ factor that many homes are missing. Upgrading your home’s lighting is a simple and effective way to add value. Well-placed warm light can create an inviting and user-friendly atmosphere. When selecting light fixtures, consider both their design and functionality.

Modern styles of interior and exterior light fixtures can be found at big-box stores and online retailers for a reasonable cost and further yet you can look for ‘open box’ pricing when shopping online for undamaged items that were returned due to a change of heart.