If you’re considering home improvements, you want to be sure that the money you’re investing will add value in the long run. Certain strategic upgrades will have a big impact. Here are 19 renovation ideas that can increase your home’s overall worth.
Upgrade the Kitchen
The kitchen has to be one of the most important rooms in the house, and many new buyers won’t want to pay for a whole new kitchen. Upgrading your own with energy-efficient appliances, elegant yet durable countertops, and a fresh color scheme will improve value.
Improve the Exterior Look
First impressions matter, which is why curb appeal is so important. According to House Beautiful, 93% of people are more likely to attend a house viewing if the exterior is well maintained. A paint refresh for front doors and walls can work wonders!
Redo the Bathroom
After the kitchen, the bathroom is the next room that can easily become outdated and is pricey to replace for new buyers. If your bathroom fixtures are old, replace them with modern, water-efficient alternatives. Sophisticated tiling and flooring will also make a difference.
Increase the Living Space
You don’t have to pay for a costly extension to add living space. Often, it can be as simple as converting spare rooms into functional spaces instead of storing clutter. You also have the option of converting unused attic space to a fully usable room to increase your home’s value.
Improve Energy Efficiency
A more energy-efficient home will always increase its value. Replacing old and draughty windows means that your home gets a modern upgrade while retaining heat more efficiently. Insulation in attics and basements will help, and smart light bulbs can keep electricity costs down.
Update Your Flooring
Many new home buyers will prefer a modern-looking space with hardwood floors instead of carpets. If you already have hardwood floors, re-finishing and giving them a deep clean will help to bring their value back up. If you’re looking to replace floors, eco-friendly materials or even extras like under-floor heating will all add value.
Create a Home Office
If you work from home, updating a spare room to a home office will help to add both financial and personal value. Having a dedicated workspace “helps you set aside household distractions and focus”, says Architectural Digest. And when you come to sell, having an extra functional room will add retail value.
Modernize Your Home Systems
A modern, state-of-the-art security system is one of the best updates you can give your home in terms of technology. It’s something that new buyers will look favorably on, too. Upgrading any old plumbing or electrical systems means that your home is guarded against future issues.
Replace a Damaged Roof
If any of your roof tiles are damaged or look a little old, you might want to consider a roof upgrade. Installing energy-efficient materials will make your home more sustainable and add value. For aesthetic improvements, consider skylights for better natural lighting.
Make Your Outdoor Space Useable
No matter how small your outdoor space is, you can still turn it into an inviting and functional area by adding outdoor furniture and ambient lighting. Having a clean and useable outdoor space is a huge plus for many buyers. Functional additions, such as greenhouses, can also be enticing.
Switch to Smart Tech
Implementing smart technology features such as smart locks and security cameras will not only add value but also make your home safer. Smart lighting can create a more functional home, and smart appliances can help modernize it.
Optimize Storage Space
If you lack floor space for extra storage, always remember that you can store on walls instead! Put in as many shelves, cabinets, and storage furniture as you can to improve organization, reduce clutter, and make your room feel bigger. More organized spaces are more valuable.
Update Your Basement
Updating your empty basement means transforming it into a functional room. Whether it’s a home gym, spare bedroom, or entertainment area, it all adds value. If you’re on a budget, U.S. News explains that smaller DIY improvements can often be more cost-effective than an entire basement overhaul.
Transform Your Laundry Room
Utility rooms are often in demand for new buyers, so the more practical you can make yours look, the better. Add cabinets and countertops to improve storage space and implement energy-efficient machines for better value. Use practical lighting to create a brighter space, and make sure it’s properly ventilated.
Think About Accessibility
Having accessibility aids in the home can also increase its value. This can depend on your own requirements and whether you’re lining up a specific buyer who might need assistance. Widening hallways, installing chair lifts, and updating bathrooms with grab bars can all be helpful additions.
Incorporate Some Luxury
When it comes to luxurious touches, House & Garden mentions how “a little formality goes a long way.” For a luxurious meal, recommend eating at a dining table instead of on the couch. Install high-end finishes for a touch of glam, consider bespoke features, and install extras like a spa bathtub.
Restore Historical Features
If you have a period home, you can often increase its value by embracing its history instead of trying to modernize it. You can restore original features and use period-appropriate decor themes to best accentuate the house’s unique charm. Its historical significance will also make it stand out more on the market.
Improve Your Landscaping
To add value to your home, you also need to add value to your garden. One of the best improvements you can make is installing perennial plants and flowers so that your garden has a year-round appeal. Adding a water feature can also be a great statement piece!
Reinforce Your Home’s Structural Integrity
Ultimately, none of these renovations will help if you don’t address your home’s structural integrity first. You need to ensure the foundations are solid, beams and joists are updated, and the home is structurally sound – and will remain so for years to come!
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