5 Ways To Add Value to Your Home
With the promise of better functionality and a higher price tag on your house, home remodeling can be a highly rewarding experience. It can also, however, be stressful, especially when it comes to getting the best possible return on investment. Before you take the plunge, consider which ways to add home value are most likely to yield optimal results for both your current needs and your sale value.
1. Remodel Your Kitchen
A kitchen with updated finishings and appliances is at the top of many buyers’ wishlists. Although a full renovation is not the most economical way to add value to your home, it is one of the best ways to increase both monetary value and homeowner satisfaction for both you and potential buyers. Asking home remodeling contractors about a partial reno in key areas is an option for those looking to save.
No matter which path you choose, remodeling your kitchen can customize your house to fit your own needs while adding to the home’s overall value. Get the most bang for your buck by painting your cabinets, swapping out hardware, installing new lighting, and repurposing as many materials as possible.
2. Remodel a Bathroom
Like fully renovating your kitchen, remodeling your bathroom requires you to reach deeper into your pockets than you would for other improvements. Many homeowners and buyers alike, however, consider it money well spent. Bathrooms often fall just below kitchens on the list of home must-haves.
Heated tile, for example, is a highly sought-after commodity in bathrooms. Plumbing and vanity upgrades are other examples of costly changes that make a huge impact, while a simple coat of paint and fixture updates are cheaper ways to dramatically change the look and feel of your bathroom.
3. Finish Your Basement
Not every house comes with a completed basement, often because the costs of renovation outweigh the perks of upgrading. How much value a finished basement adds to your home is largely dependent on the type of basement you have.
Basements that are fully or partially underground –– called standard and garden-level lots, respectively –– offer neither the most monetary nor emotional value, as they usually lack sources of natural light. However, many families enjoy the cave-like feel of a finished basement, regardless of lighting, as it offers a multi-functional space where family members can make both messes and memories.
4. Build an Addition
Adding an additional room or wing isn’t always feasible. On top of the cost, some lots can’t accommodate new additions. Other homeowners struggle to finance additions, especially those building in upscale, pricey neighborhoods or onto older homes that require more foundational work.
If you do have the ability to add space to your home, working with home remodeling contractors to complete an addition can be a lucrative investment. Building a new bedroom or bathroom can easily get expensive, but these rooms offer the best return on investment. Expanded decks and sunrooms are common additions that are less expensive but almost as valuable.
5. Upgrade Your Exterior
Everyone knows that “curb appeal” is crucial, as the exterior of your home is the first thing visitors and potential buyers see. A well-maintained lawn and fresh coat of paint can make a huge difference, as they often signal that the interior of the home is equally updated.
Keeping your outdoor space clean is the best way to ensure value, and a professional service can help with more difficult landscaping needs. Updated doors, door handles, and shutters also make an important first impression.
No matter which area of the house you’re looking to spruce up, make sure you weigh the costs of home remodeling against the return on investment. Sometimes, though, a reno isn’t just about ways to add home value; it’s about the added happiness and security you feel in your home. Let the professionals at Maxwell Building Services help you achieve your home renovation goals.