Home renovations is a great way to increase your property’s value and make it more comfortable and stylish. But with so many different projects to choose from, it can be hard to know which provides the best return on investment (ROI).
If you are thinking of tagging your home “for sale” in the near future, you want to focus on projects that will make it more appealing to buyers and help you get top dollar. But even if you’re not planning to move out anytime soon, you can afford to be a little more adventurous with your choices.
Here are some of the best remodeling projects for both situations:
1. Kitchen Remodel
A kitchen upgrade is one of the most popular and effective ways to increase your home’s value. A minor kitchen remodel, which includes new cabinet doors, hardware, countertops, and appliances, can get you a bigger ROI than a major one.
Just make sure to hire experienced contractors (see Hamilton carpentry services if you’re nearby) who are knowledgeable about the latest trends and can help you make smart choices that will appeal to buyers. They should also know how to work within your budget.
2. Bathroom Remodel
Another great way to increase your home’s value is to remodel the bathrooms. Even a minor upgrade, such as a new toilet, sink, and fixtures, can make a big difference. Just be sure to avoid going too overboard with luxury features, as they may not appeal to everyone.
Remember: not all people are looking for a Jacuzzi tub and heated floors in their bathroom.
3. Energy-Efficient Upgrades
Turning your house more energy-efficient can save you money and increase its value. Some simple upgrades you can make include:
- Insulating your walls and attic
- Sealing drafts
- Installing energy-efficient windows and doors
Note that many homeowners are always looking for ways to save on their energy bills, so these types of upgrades can make them consider your property. Plus, they can also help you get a bigger tax refund come tax season.
4. Attic or Basement Conversion
Most houses have an unfinished attic or basement. If you are in this situation, converting it into usable living space is a great way to increase your home’s value. You can make your attic into an extra bedroom, office, or playroom, and your basement can be transformed into a family room, home gym, or game room, home office, or entertainment area.
Just make sure to consult with a contractor beforehand to ensure that the space is structurally sound and up to code. You may visit this page to get a free quote here.
5. Landscaping
Investing in some quality landscaping can also go a long way in increasing your home’s curb appeal and value. If you’re planning to sell soon, you want to focus on making the front yard look its best. But even if you’re not selling anytime in the future, investing in some nice landscaping can still make your home more enjoyable to live in.
Some great landscaping ideas include:
- Planting flowers and shrubs
- Installing a new lawn
- Creating a garden
- Building a deck or patio (find more information here)
- Adding a water feature
All of these things can make your home more beautiful and inviting, which is always a plus.
6. Flooring Replacement
If your home has old, outdated, or damaged flooring, replacing it is a great way to increase its value. New floors can make a significant difference in the look and feel of your home, and they will last for many years.
When choosing new floors, be sure to pick something that is durable and easy to care for. Hardwood floors are always a good choice, but they may not be the best option if you have pets or small children. In this case, consider laminate or tile. Ask your contractors if you’re not sure where to start.
7. Repair or Replace Your Roof
Your roof is among your house’s most important parts, so you should keep it in good condition. If it is old or damaged, it can be a major turnoff for potential buyers. Replacing or repairing your roof is a great way to increase your home’s value and make it more appealing to buyers.
Roof repairs or replacements can be expensive, so be sure to get several quotes from different contractors before making a decision.
Final Words
Making even a few simple upgrades to your home can increase its value. If you’re thinking of selling soon, or if you just want to make your home more enjoyable to live in, consider making some of the upgrades on this list. Most importantly, always consult with professionals, especially major renovations to avoid any stressful and costly mistakes.
