When it comes to home renovations, the money that you put in cannot always be recouped when it comes time to sell. Most people want to get the best value for their money when doing home renovations and there are some important things to keep in mind. Before you decide on a renovate understand if the renovation is a worthy investment. Ultimately, you want to improve your home and then when it comes time to sell, you can command a higher price. The following renovation ideas may help you add some value to your home.
- Increase Light and Space
Dark, cramped rooms are no good when it comes to real estate. One thing that homeowners can do to increase the appeal of their property is open up the house to create more of a flow and enhance natural light. Consider knocking down some walls to brighten up space. An open floor plan will also make a home feel much larger and is better for entertaining. Skylights can help flood your home in natural light. There are several options when it comes to brightening up your home with natural light and these options have a range of prices.
- Landscape & Curb Appeal
The curb appeal of your home is incredibly important when it comes time to sell. The first impression of a home that someone will have is from the look of the exterior. Make sure your exterior paint and details are up to the mark. The driveway should be paved properly and the lawn space properly maintained. If you have a deck, add some nice furniture, or create a colorful garden in some extra space.
- Update or Add Bathrooms
Bathrooms are an important part of a home. If there are not enough bathrooms or if they are very outdated, it will be a big turn-off to potential buyers. Updating bathroom amenities and fixtures or adding an additional bathroom if you have space can really increase a home’s for sale appeal.
- Update Your Kitchen
Kitchen renovation adds a lot of value to your home, but it is also important to be careful. When planning a kitchen renovation, it is important to consider the cost of your materials versus the value. Based on the cost of your home, if you choose to install granite or marble countertops, will you be able to recover that money? Take a close look at costs when renovating kitchens. Things such as updated appliances or a window over the sink can add a lot of appeals.
- Create a Home Office
With more companies giving employees the option to work from home, a home office can really add some value to a home. Convert any extra space in your house to a home office. Make sure there is plenty of workspaces, and remember to have grounded outlets installed as well as data ports and possibly an extra phone line.
- Consider Adding a Deck
It has been determined that when you spend the money to add a deck onto your home, you will likely be able to recoup more than eighty percent of its cost at sale time. If you choose to install a deck, take some time to plan it out nicely. Use higher-grade materials to increase the life of the deck.
- Finish Your Basement
If you don’t have enough space to add a room to your home, consider finishing your basement. A basement space can easily be turned into a playroom for the kids, a bar, or a media room, relatively easily. Consider adding a bathroom if you do renovate the basement, as this can increase the value of the renovation even more. Try to keep the space as open as possible so it does not feel dark and cramped.
There are tons of different projects that can be done around the home to increase the value in addition to the ones listed above. As long as you take the time to really plan accordingly, and don’t overspend, you can make some really nice upgrades to your home.