If you want to get the best value for your dollar then there are a few important things to keep in mind when doing home renovations. You need to weigh between the cost and the value to decide whether a particular remodel is worth your investment. Different people have different reasons for doing home renovations. Whether you are planning to sell your home or stay there for some years to come, it makes sense to invest in a remodeling project that adds value.
If you are thinking about selling your home in the future then a good home renovation makes it easier to command a higher price. However, if you are planning to stay for a while, then a good remodel has the potential of improving your lifestyle. This article looks at home renovations that are worth doing.
- A New Deck
New wood decks are ranked among the top home renovation projects that add value to a home for resale and has a great appeal to buyers. Homeowners are now building larger decks since outdoor living is what is trending right now and there is no overstating the number of returns you expect to reap from such as investment. However, it is important to ensure you have a stable foundation and structure before you dress or resurface the deck. Whether you are upgrading an existing deck or building a new one from scratch, you can expect to see the added value over time.
- Kitchen Remodel
The kitchen is considered the heart of every home as it is a place where you prepare food, entertain, and spend most of your time when at home. Updating your kitchen with modern fixtures, electric appliances, and a fresh new look can make it fancier than the neighborhood. A little paint goes a long way, as it is relatively affordable but makes a significant impact on the overall appearance of your kitchen. Potential buyers usually look for different ways to cut back on unnecessary expenditures when shopping around for a new home. A good kitchen remodel is worth doing as it is one of the most important rooms on a buyer’s list.
- Energy-Efficient Insulation
Home inspectors working with potential buyers will not forget to note down in their reports about a home that lacks basic insulation. If your home has old doors and windows that let in plenty of cold or hot air then it will be too costly to live in and maintain. Investing in a home that takes into account fluctuations in climatic conditions or temperature at different times of the day reduces the high costs associated with heating and cooling. Homes with energy-efficient insulation are more appealing to buyers because they are not only comfortable but also saves money in the long run.
- Update or Add a Bathroom
Bathrooms are another essential part of a home that can receive excessive traffic at different times of the day. Potential homebuyers can be turned off if your bathroom is very outdated or you lack enough bathrooms that can accommodate a specific number of people living within the household. You can add a new bathroom by repurposing an unused room or update your bathroom fixtures and amenities to increase the value and overall appeal of your home. Consider incorporating modern fixtures and fittings like a wide shower, streamlined designs, customized floor tiles, and additional bathroom accessories.
- Front Yard
First impressions usually matter and the best way makes good first impressions is by sprucing up your front yard. Some of the common upgrades include lawn care, landscaping, replacing the front door or garage door, decorating your driveway and cutting back shrubs. Most realtors encourage sellers to enhance their home’s curb appeal before listing them on the real estate market as it gives a statement even before you enter your home.
Many people are afraid to purchase a home with an old roof, as they fear to spend on unplanned expenses when they have just moved into their new home. An old roof is often associated with a lack of maintenance that can lead to water leakages, which can eventually cause mold problems and damage to other building materials. Replacing your roof is a home improvement that can give peace of mind to a potential homebuyer as it not only keeps out rain and other elements but also increases its curb appeal.
A good home renovation is worth your investment if it improves your lifestyle and boosts your home’s value. Renovations are usually taken into account by a property appraiser when they are assessing its current market value. Your home listing may be competing for buyer’s attention with other upgraded homes around your neighborhood, especially if you live in a competitive housing market.