There are many practical reasons why you might be willing to invest in improving your home. Perhaps you spend a lot of time at home, and you would like a more functional or comfortable space. Or maybe you want to increase your property’s value. This is one of the top reasons homeowners do renovations. Although making significant improvements to your home comes with upfront costs, it could be a worthwhile investment with high returns. If you’re interested in transforming your home into a more valuable asset, you might be wondering about the best home renovations to increase value. Here are some top options you need to know.
Kitchen Remodeling
Homeowners looking for the best home renovations to increase value usually can’t go wrong by upgrading their kitchen. The kitchen is generally agreed to be the heart of the home, so it’s not surprising that an updated kitchen can have a positive impact on your home’s value. Since the kitchen is the center of the home, it gets a lot of use. A kitchen remodel allows you to address any signs of wear and tear while ensuring it’s well equipped to handle high foot traffic and high temperatures. If you’re planning to sell your home, buyers will scrutinize your kitchen, so a kitchen remodeling project gives you the perfect opportunity to enhance its beauty and functionality.
Even if you’re not planning to sell your home, an updated kitchen can improve the quality of your lifestyle, allowing you to make more healthy meals efficiently, along with other benefits. Some of the popular kitchen remodeling ideas you might be interested in include replacing the kitchen cabinet and drawers, installing new granite or quartz countertops, switching to energy-efficient appliances, upgrading light fixtures, and replacing your kitchen sink and faucets to match your new hardware and appliances. If you want higher quality results, consider hiring an experienced kitchen remodeling service. It might also be a good idea to hire a skilled electrician if the work involves electrical wiring for safety reasons.
Bathroom Remodeling
After kitchen renovations, bath renovations are usually next in line if you’re looking for the best home renovations to increase value. Like the kitchen, the bathroom is an essential part of a home, and it’s a common-use area that needs to function well at all times. You can also use the opportunity to improve the aesthetics of your bathroom. After all, you would want your bathroom to be both functional, practical, and stylish. When updating an existing bathroom, you have to consider whether you’re happy with the existing design or need a new layout. Keeping the existing design is cheaper while changing the existing layout often requires plumbing, electrical, and structural work, which costs more.
In any case, there are several bathroom remodeling ideas that can help you achieve your goal of adding more value to your home. Replacing your flooring is one example of a bathroom upgrade with a high return on investment (ROI). If your flooring is outdated, installing porcelain or ceramic tiles which are waterproof and durable might do the trick. While at it, you should also consider upgrading your vanity, countertops, faucet, and sink. Additional improvements like upgrading your cabinets, shower, and tub are good if you want maximum impact when impressing buyers or guests.
Fence Installation
A new fence can help increase home value depending on various factors. If you want a fence with a high return on investment, it’s better to choose high-quality materials. The truth is, most people are willing to pay a premium to live in a more secure and private home, so the best fence should be able to impart these qualities. A well-designed fence can also improve the appearance of your landscape, helping to give it a more manicured appearance. Be sure to do your research on the pros and cons of different materials used to construct property fences.
Windows Replacement
Replacing your windows might seem like a simple exercise, but it’s actually a smart purchase that can boost home value. What makes replacement windows one of the best home renovations to increase value is that they can improve the overall efficiency of your home. According to the Department of Energy, energy-efficient windows are one of the most important considerations for existing and new homes. That’s because poorly functioning windows are responsible for heat and gain loss which accounts for 25%–30% of your home’s heating and cooling energy use. In other words, the right kind of replacement windows can save you a lot of money in the long run.
It makes sense that replacing your windows adds more value because houses that are cheaper to run are highly sought after. With energy-efficient windows, your HVAC system doesn’t have to work hard to maintain the desired temperature, so it consumes less energy. When shopping around your replacement windows, make sure you buy windows with a low-emissivity coating. You should also opt for double-pane or triple-pane glass windows because the extra layers provide more insulation. Additionally, consider installing weatherstripping around your windows as an extra seal against the elements.
Pool Installation
Hiring a pool business for a pool installation can increase home value, depending on your location and the type of pool. Since swimming is a relatively popular recreational activity, it makes sense that you might be able to attract home buyers easily and sell your home at a higher price if you invest in a pool. Having a pool in your backyard can also improve the quality of your life. You can conveniently keep yourself and your family cool on hot summer days. It’s best to invest in an in-ground pool for the best-added home value since this type of pool is considered to be more upscale than an above-ground pool.
Outdoor Improvements
The good news is that if you’re focused on upgrading your outdoor area, you have many options for the best home renovations to increase value. The trick is to focus on improvements that add curb appeal because it helps sell homes. For the best implementation of home exterior upgrade ideas, consider working with a landscape design service that can offer tailored solutions that complement your home and landscape. A good place to start is by adding refreshing exterior colors, which you can achieve by repainting the front door or adding colorful flowers. You may also want to invest in an irrigation system to streamline your lawn care and gardening efforts. A green and thriving lawn can easily impress buyers and neighbors.
An updated outdoor entertainment area can also help you increase home value, so consider working with an experienced deck contractor to create the perfect place where you can host family and friends. There’s a lot of value that can be found in keeping outdoor settings well-maintained, especially if you plan on selling. Home buyers value a beautiful landscape and an outdoor area where they can connect more with nature or entertain, depending on lifestyle needs. Other ideas for outdoor improvements include working with a hardscape paving service, installing a fence, building a shed, and adding some planters.
Garage Door Replacement
A garage door replacement can increase your value as long as you shop around and find a garage door that best compliments your home’s style. When it comes to the best home renovations to increase value, there are several reasons why a garage door replacement might be of value to your home. If you purchase a new garage door that comes with insulation, weatherstripping, and a high R-value, this can help lower your energy bills. The right design, style, material, and color for your garage door can boost curb appeal. A garage door with sufficient security and safety features is also valuable to you, your home, your family, and potential home buyers.
Roof Replacement
Your roof is a major component of your home, and it has to be in the best condition to ensure your home is adequately protected from the elements. If your roof is at the end of its expectancy and it shows, consider hiring a roofing company for a new roof installation. A roof replacement is one of the best home renovations to increase value for several reasons. For starters, if you’re selling your home, you want to demonstrate to buyers that your home is well-maintained. This inspires confidence, allowing you to sell for a higher asking price. Therefore, the biggest benefit of a new roof is that it can have a high return on investment.
Replacing your roof is also a great move if you want to boost curb appeal. When you go shopping for your new roof, you’ll discover many roofing designs and color options that can significantly boost curb appeal, whether you’re choosing asphalt shingles, metal roofing, or wood shakes. A new roof can also mean greater energy efficiency. That’s because new roofs that are on the market today are designed to repel heat, meaning your AC will consume less energy trying to keep your home cool. Overall, a new roof offers more peace of mind and safeguards against expensive water damage and increased energy costs.
Home Addition
If your family seems to be growing bigger by the minute, a home addition might be in order. Since property values are based on factors such as size, increasing the square footage of your home can boost its value. If you’re investigating the best home renovations to increase value, you’ll be pleased to know there are several types of home additions to choose from. You can go with a conventional home addition, which involves adding another multi-room structure that’s attached to your existing home. Be sure to work with the right professionals, such as a skilled architect, to ensure that your new addition blends seamlessly with the rest of the home.
You can also choose to build a single room onto your home instead of a multi-room addition. Other ideas for getting the extra space you need include sunroom additions and conversions. A sunroom is designed to act like an indoor/outdoor area that allows you to get the best of both worlds. For conversions, you can take an unused or unfinished space in your home and convert it into usable square footage, whether it’s a home gym, home office, game room, or master bathroom. By using the available space that’s already there, such as your basement or attic, you get to keep your front yard or backyard space.
Stone Veneer
Stone veneer refers to a thin layer of natural decorative stone that’s used to enhance your home’s front exterior. It’s also the perfect material to use for your interior feature wall. The appeal of stone veneer comes from the fact that it’s made from real, natural stone and is flexible enough to complement and enhance your home’s overall design. Stone veneer can transform your home’s facade for the better, giving it an elegant and eye-catching appearance. You can take advantage of attractive accents and foundation detailing to customize the appearance of your home’s stone veneer. It’s also a good option if you’re looking for the best home renovations to increase value that is also environmentally friendly since stone veneer uses fewer materials to achieve a transformative look.
With the right kind of improvements, you can easily make a sizable profit should you plan on selling your home down the line. The trick is to realize that not all home improvements are made the same. Some improvements can even hurt your home’s value. For instance, painting your home with bright and bold colors might not appeal to buyers. Similarly, converting your spare bedroom into a closet might not be a good idea since buyers value bedroom space more than closet space. To make sure your home improvements come with a high return, be sure to consider the improvements outlined above. The best home renovations to increase value should be practical and related to your home’s functionality. They should also be tried and tested, which is why it’s not a good idea to follow trends that are quick to fade. Most importantly, the cost of these renovations should be reasonable relative to the current value of your home.
