11 Home Renovations that Increase Home Value
Your home is probably one of your most valuable assets, and the good news is that you can always find new ways to make it even more valuable.
Renovations are helpful because they improve both the look and functionality of your home. Features like the latest kitchen gadgets, energy-saving windows, and fresh paint catch people’s attention and show that you maintain your home well. Home renovations can result in a higher sale price and a faster sale when you decide to sell.
Whether you’re considering selling your house soon or simply want to improve it, these renovations that increase home value will get you started.
1. Give your walls and baseboards a good paint job
Giving the walls of your home a fresh coat of paint might not exactly sound like a renovation project. But to increase the value of your home, you need to take this upgrade seriously.
Before you paint your walls and baseboards, clean them. Carefully fill cracks and holes and sand down the surface before applying a primer, followed by quality paint.
2. Upgrade your home’s lighting
Upgrading your entire home’s lighting is a simple way to increase its value. Whether you want to install recessed lighting in your bathroom, an elegant chandelier in your dining room, or under cabinet lighting in your kitchen, look for functional and stylish fixtures.
You should also look for energy-efficient fixtures that will help reduce your electricity bills.
3. Upgrade your kitchen cabinets and hardware
Your kitchen is one of the most important rooms of your home, and you can easily freshen up its decor by replacing your cabinet doors and hardware. This will instantly modernize your kitchen and make it look more appealing.
Your kitchen remodel could also involve replacing your sinks and faucets and installing a beautiful backsplash that will match your decor while being easy to clean.
4. Add a kitchen island and a walk-in pantry
Adding a kitchen island to your kitchen is another renovation project that will increase the value of your home. Your kitchen island will add countertop space to the room and serve as a dining area.
Plus, a kitchen with a walk-in pantry is a dream for many homeowners, so adding one to your home could be a great idea.
5. Upgrade your bathroom fixtures
If your bathroom could benefit from a makeover, upgrade your fixtures. This can include your bathtub and your toilet, as well as your sinks, faucets, and showerhead.
Choose high-quality, water-efficient fixtures, which are a better environmental option.
If your budget allows it, you could replace your current floor with low-maintenance tiles that can withstand moisture.
6. Build a home office
You can’t go wrong with a functional home office regarding renovations that increase home value.
Even if you don’t currently work from home, adding a room to your home or converting an existing room into a home office could be a good idea. It will make your house more appealing to many potential buyers whenever you decide to sell it.
7. Upgrade your flooring
Upgrading your home’s flooring is another home renovation project that makes a lot of sense. From hardwood floors to tiles, you have many options for each room of your home.
Look for sustainable flooring options made from renewable materials, and above all, make sure the flooring you install will be durable and easy to maintain.
8. Replace your old windows
What about your windows? If they are old, it’s a good idea to replace them, as it will instantly help increase the value of your home.
Opt for high-quality, energy-efficient windows. They are an important investment, but they will help you save money on your energy bills. They will also make your home more appealing if you sell it.
9. Replace your roof
If your goal is to increase the value of your home so you can sell it quickly, it could be a good idea for you to replace your roof.
If your roof is old and has missing or damaged shingles, or if you noticed it was leaking, getting it replaced by professionals will help you attract interested buyers for your home.
10. Finish your basement
Finishing your basement is another important investment that will add value to your home. But of course, to truly add livable space to your home and to attract buyers, you should trust professionals to handle this project.
They will waterproof and insulate your basement and ensure it complies with local building codes.
11. Create a functional outdoor space
Finally, adding a functional outdoor space like a deck or patio can increase your home value. A fire pit attracts many homebuyers, so you should consider adding one to your backyard.
A deck or a patio will enhance your home’s curb appeal, especially if it’s well-designed and built to last.