If you’re hoping to sell your home, you might be wondering how to get a leg up against the competition. Home renovations are a common way for homeowners to uplevel their living space and increase the value and allure of their property. However, not all renovations are created equally when it comes to the return on investment (ROI) they offer.
So, if you’re ready to tackle some home improvement projects and sell for top-dollar offers, you’ve come to the right place. To feel inspired as you embark on your remodeling journey, read on!
The bathroom is an important room that buyers focus on during their home search. Thus, if you want to improve your home’s level of appeal, a bathroom remodel is an effective strategy for capturing the attention of your buyers. This popular home renovation project involves updating and improving the space's functionality, aesthetics, and value.
Upgrading the bathroom fixtures, such as sinks, toilets, and showers, can significantly enhance the appearance of the space with a sleek new sense of modern upgrades. Additionally, installing new flooring or tiled walls can improve the room’s aesthetic luxury appeal. Functional upgrades include adding more storage space or increasing the natural light with larger windows or skylights. These changes truly improve the beauty, usability, and sophistication of the space.
Bathroom remodels are known to have high ROI due to their ability to increase property value while providing homeowners with an improved quality of life.
Landscaping updates and curb appeal
Landscaping is a crucial aspect of a home renovation, as it not only adds to the property's visual curb appeal but also creates a serene atmosphere for homeowners to enjoy. A well-designed landscape can increase a home's allure from the moment buyers arrive in the driveway, setting a tone of elegance from the very beginning.
Landscaping projects with a high ROI include adding beautiful outdoor lighting, trimming the trees and shrubs (or planting new ones), installing a patio or deck, creating garden beds, and building walkways or retaining walls. Not only that, but well-maintained landscaping can also reduce your energy costs by providing shade in the summer and windbreaks in the winter. Additionally, studies have shown that green spaces can positively affect mental health and well-being. It’s a win-win situation overall!
When it comes to your home’s exterior, don’t forget the doors, either! If your garage door is worn down, consider replacing it to enhance your curb appeal. In addition, replacing your entry door is a cost-effective way to boost the property’s allure and invite your buyers inside to take a closer look. Choose a high-quality, stylish door that’s sure to impress and match the architectural elements of the rest of the home. Plus, a modern set of doors can significantly improve your home’s energy efficiency.
Converting an underutilized attic space into a functional bedroom can add significant value to a property by increasing its livable square footage and providing potential buyers with an additional living area. Attic bedrooms allow homeowners to create a private suite or provide extra sleeping quarters for guests or family members. Hiring a professional contractor who is highly experienced in converting attics into livable spaces is essential to ensure that this renovation project is successful and provides maximum value.
Minor kitchen remodel
If you can’t tackle a complete kitchen overhaul, upgrading the appliances, refinishing the cabinets, and replacing the countertops can transform your kitchen without breaking the bank. These upgrades are important, as kitchens are often considered the heart of the home and can significantly impact prospective buyers' decisions when viewing properties.
Major kitchen remodel
Undertaking a major kitchen remodel can be likened to creating a masterpiece, as it allows homeowners to transform their culinary space into a work of art while adding value to their property at the same time. Major kitchen remodels involve extensive changes, such as tearing out and replacing cabinets and countertops, upgrading all major appliances and lighting fixtures, and possibly changing the layout entirely. These renovations are lengthy and time-consuming, but they are often one of the most lucrative home improvements.
However, of course, homeowners must balance form and function when renovating their kitchens. They should prioritize functionality over aesthetics since potential buyers focus on practicality first. Moreover, choosing energy-efficient appliances and more sustainable materials can increase the ROI while benefiting the environment and your wallet in the long run.
Deck, patio, or porch addition
Adding a deck, patio, or porch to a property can beautify the outdoor living space and provide an attractive area for entertaining guests or relaxing. Investing in durable materials, like composite decking or natural stone, can increase longevity and attract potential buyers. Homeowners should also consider adding lighting elements and built-in seating to make the space more functional, warm, and appealing.
While deck, patio, or porch additions can significantly improve a home's appeal and provide a great ROI, basement remodels can add substantial value to the property as well. Remodeling a basement is a huge project but adds functional living space, as you (and your buyers!) can use the space as an additional bedroom or recreational area. This is a significant bonus!
Replace the windows
Energy efficiency is a top priority for many prospective buyers, and one effective way to achieve this goal is by replacing outdated windows with modern, high-performance models. Not only do new windows improve energy efficiency and reduce monthly utility bills, but they also increase the curb appeal and provide better insulation against outside noise. While the cost of window replacements can vary widely depending on the size of the home and the type of window chosen, this project generally provides a solid ROI. Homeowners should select energy-efficient options like double or triple-pane windows with low-E coatings to maximize their investment.
Choose your renovations wisely
Home renovations can be a great way to improve your quality of life and increase the value of your home. If you are renovating to increase the resale value of your beloved property, give trusted Principal Broker Debbie Brand
of Town & Country Realty a call today to get started on the right foot. Debbie
is ready to help you figure out how to plan your real estate journey.*Header photo courtesy of Unsplash