Investing in your home is almost never a bad move. However, the remodeling projects you choose aren’t all equal.
While home improvement may improve the function of your home, it may not increase the property value. There are certain features that potential buyers look first such as an updated kitchen or bathroom, and directing your money to them can pay off during a sale.
If you’re curious how to add value to your home with remodeling, please read on!
Updating The Kitchen
The kitchen is considered the heart of the home. However, if it’s looking tired with outdated appliances, it can turn off a potential buyer.
Painting or replacing cabinetry, adding a backsplash, or swapping out an old stove or fridge can modernize the space and add appeal. While a kitchen remodel is high on the list when it comes to return on investment, you don’t have to completely transform it to get the benefits.
Adding a Deck
Increasing the enjoyment of outdoor space is high on many buyers’ lists. Adding an outdoor deck allows you to invite guests over for a meal while enjoying fresh air and sunshine.
Adding an outdoor wood deck can net more than a 60 percent return on the investment, according to projections for 2020. It can be simple or incorporate features such as an outdoor kitchen to take it to the next level.
Adding Or Upgrading Bathrooms
People spend a lot of time in the bathroom—more than 400 days of an adult’s life to be more precise. With that in mind, it makes sense for a bathroom to be functional and looking relatively modern.
While it can pay off to renovate an existing bathroom with a new tub or flooring, you can also consider adding another. Having an extra bathroom will add some value to the home, not to mention lessen the wait to use the facilities in the morning.
Replacing/Repairing The Roof
You may not think of the roof as a feature that will add value to your home. However, a damaged roof can be visible from the street, lowering the property’s curb appeal.
The roof is arguably one of the most important features of a home, and one that a home inspector will look at prior to a sale. A damaged roof not only looks unsightly, but it can also cause structural damage if there’s a leak. That could cost you a lot more in repairs down the road.
If you’re renovating your home, then you will want to update your windows to keep them looking modern.
Not only will new windows improve the look of your home inside and out, it can also help you save money in heating and cooling. Newer vinyl or fiberglass windows can help retain energy, and can even act as a noise dampener.
Choose Remodeling Projects Wisely
When it comes to remodeling projects, they’re not all built the same. Buyers look for updated kitchens and bathrooms, as well as new windows and outdoor features such as wooden decks.
If you’re looking to improve the value of your home through renovations, then you should focus on these upgrades. Even replacing your roof can add value and protect your property.
To get started on a residential remodeling project, contact us today.