Your home is your sanctuary away from the hectic, busy lifestyles of the world. Everyone wants to have a comfortable, beautiful home they can enjoy for years to come. But not only that, you also want to make sure that your home is a good investment. Should the time come when selling your home is necessary, you want to make sure you will get out as much, or hopefully more, money than you put into it. Here are 8 different remodeling projects that will add value to your home.
1. Kitchen Remodel
Kitchens sell homes. If yours isn’t up to par, consider starting your remodel process there. Invest in new cabinetry, or paint existing cabinetry for an updated look without a hefty price tag. Get new, modern appliances and spruce up your flooring. Open up the space so it feels open and airy to buyers. While kitchen remodels can be pricey, they can also be done on a budget and still significantly improve your home’s value.
2. Bathroom Remodel
Next to kitchens, the bathroom is the best place to recoup an investment in your home, especially the master bathroom. According to Renewal Design Build, people expect the master bathroom to have a little something extra, and your home will definitely sell faster if your master bathroom wows buyers. Add luxury options wherever possible to make your home stand out, like glass shower doors, rainfall showerheads, or a zero clearance shower drain. Dual shower heads in the master bathroom are also a nice touch for buyers. Updated finishes and tile work in the bathroom can add a lot of money to your home’s bottom line.
3. Knock Down a Wall
Older homes can feel claustrophobic to buyers who typically prefer a more modern, open floor plan. Consider removing a wall in order to open up your space. Removing a wall can make your space feel bigger, making it more appealing to buyers. Be sure to consult a professional to determine which walls are load bearing before you begin construction. Load bearing walls can still be removed, but will require engineering. Even still, the results can drastically improve the feel, and by extension, the value of your home.
4. Build an Addition
Consider adding on to your house if it is smaller than other similar homes in your area. Square footage is important to buyers, and larger homes command a bigger price tag. Additions can be expensive because they require footings, building plans, etc. But if done cost-effectively, additions can still be a great long-term investment.
5. Add a Bathroom
Adding a new bathroom can add an additional twenty percent to your home’s value. If you have any unused space in your home, consider turning it into an additional bathroom. To see if adding a bathroom is right for your home, visit houselogic for more information. You may find that spending the money now will greatly improve your home’s value in the future.
6. Finish the Basement
Finished basements add significant value to your home. According to HGTV, basement remodels are one of the smartest investments home owners can make, with the average homeowner making back 70% of costs.
7. Attic Bedroom
If you have any unused space in your attic, consider turning it into an additional bedroom. Buyers see an extra bedroom as a huge bonus, and are willing to pay more for it. When buyers search for homes, the first thing they look for is number of bedrooms. If you can satisfy this requirement, you will have more buyers interested in your property.
8. Redo Your Front Door
Nothing can make a home look more dated than an old front door. Your front door is what buyers and guests will see first when they come to your home. You never get a second chance to make a great first impression. Make sure you’re putting your best foot forward by having a new front door that is not only beautiful, but will save on energy costs as well.
Remodeling is a great way to invest in your home. If you do spend your money wisely, not only will you be able to enjoy your new renovations yourself, you will also be able to enjoy a larger sale price if you ever decide to sell your home.