Which Home Renovations Increase Your Home’s Value?
If you’re thinking about selling your home one day, it’s natural to start thinking about home improvements that will increase its value so you can sell it for a higher price. Sadly, not all home renovations are created equal, so it’s best to understand which renovations are more likely to increase your home’s value and yield a greater return on your investment.
When potential buyers are shopping for their new home, they don’t expect it to be brand new. Unless your home has any problems that are potential health and safety hazards, your home renovation budget is best spent on cosmetic upgrades that make your home seem more appealing to potential buyers.
We’ve rounded up some home renovation ideas that are best projected to increase your home’s value and give you a greater return on your investment.
Kitchen Renovation
The kitchen is one of the first spaces in your home that a potential buyer looks at. With all the time we’ve been spending indoors lately, it’s important that the kitchen is a comfortable space.
A kitchen renovation is one of the best home upgrades if you’re looking to increase your home’s value. Think brand new granite countertops and newly painted kitchen cabinets: these are standout features that are sure to impress new home buyers, and a great way to help them imagine themselves living in your home.
Bathroom Renovation
Another area of your home that can get extremely outdated very quickly is your bathroom. The bathroom is one of the best spaces of your home to upgrade, as it’s small and won’t cost the earth.
The bathroom is where you’re likely to start and end your day. Ensuring that your bathroom is newly renovated can tremendously improve the overall look and feel of your home, making it seem fresh and new for potential buyers. Consider small, cosmetic fixes like upgrading your bathroom tiling or installing new lighting and fixtures. Review these bathroom remodel ideas for 2021 to get inspired.
Upgrade Your Flooring
A simple flooring upgrade is the perfect way to change up the look and feel of your home without spending a fortune.
Consider replacing old carpets in the bedrooms or living room with wooden or laminate flooring. This will help liven up your home, making it appear clean and well-maintained. According to NAR’s 2017 remodeling impact report, homes that refurbish their existing hardwood floors are likely to see a 100% return on their investment.
Repaint Your Home’s Exterior
The outside of your home is the first thing potential buyers will see, so one of the best ways to increase your home’s curb appeal is to repaint the exterior.
According to market reports, repainting your home’s exterior can increase the overall value of your home, where homeowners are likely to get a 112% return on their investment. When it comes to choosing a contractor to do the job, be sure to not simply accept the lowest bid. A lower price can often mean a decrease in the quality of work, which can potentially end up lowering the return on your investment.
Home Renovation Contractors You Can Count On
Renovating and selling your home can be daunting. That’s why it’s important to get help from contractors you can depend on. At Miller Construction & Design, we’ve got years of experience and a multi-disciplined team to help and guide you every step of the way. Our team of experts can help alleviate your worries, making the experience as pleasant and enjoyable as possible.
There are many elements to take into consideration when it comes to a home renovation. Let our team help you make the right decisions so you can rest easy at night. If you’d like to discuss your home renovation needs today, give us a call at (561) 988-2637.
