If you plan to sell your home in the future, it’s essential to add to your property’s value before listing it. Home remodeling can help you achieve this goal and create a more desirable space for prospective homeowners to consider.
Top Home Remodeling Projects to Boost Property Value
Before you run to the hardware store and buy renovation supplies, consider what improvements will best benefit the worth of your residence. The following remodeling ideas are the most popular and beneficial to increasing resale value.
By HomeLight Homes
Open Up Your Floor Plan
If your home feels like a dark dungeon or cramped, you can immediately boost the appeal by opening up your floor plan and adding more natural light. Also, consider removing unnecessary walls to create a more open dining and living room combination.
If demolishing a wall isn’t an option, consider adding the illusion of extra space by installing vaulted ceilings in your family room. Adding a skylight to your kitchen or bathroom can improve lighting and foster a more relaxed feel to your residence.
Boost Curb Appeal
Everyone knows first impressions are everything – but this is especially true for your home. Curb appeal can instantly improve your home’s appearance and make it more attractive in the eyes of prospective buyers.
One of the first remodeling steps you should take is ensuring your exterior paint is fresh, and if sided, repair/replace any damaged pieces. Also, consider re-paving your driveway to deal with cracks, potholes, oil stains, and unevenness.
Finally, if you have a lawn, make sure it’s well-groomed, including the landscaping. Adding some patio furniture on a front porch will give it that welcome home atmosphere everyone wants their home to have.
Install a Home Workspace
The last two years of the pandemic have taught many remote workers one thing: multi-purpose spaces are distracting! Working in your living room when someone is watching tv or the kids are playing nearby can make productivity go down. So having a dedicated home office area that doesn’t share functions with other rooms is ideal and can significantly increase your home’s value.
You can carve this area out in your basement or convert an unused restroom into your new office. Wherever you decide this space will be, remember to abide by any zoning and housing regulations. Ensure there are grounded outlets nearby and additional data ports for your internet and phone line.
Build or Remodel Your Deck
Decks are another remodeling idea that can add to your home’s resale value when on the market. But, it needs to be in tip-top shape, or it could have the opposite effect. So, if you currently have one installed, consider having it resurfaced and painted if necessary. Also, you may decide you want to use different decking materials and go with a more durable composite.
If you plan to add a new deck to your home, think about what amenities it should feature. Maybe a fire pit or built-in benches could add to the overall appeal – but be sure to use high-grade materials and follow local government rules about these features.
Turn Your Basement into Useful Space
Some homeowners love the layout of their homes but live with an unfinished basement that wastes valuable space. Finishing this part of your home, even if just partially, can prove a worthwhile remodel that adds significant property value.
Whether used as an exercise space, home office, or larger family rec room, making better use of your basement than just a storage area is a smart investment. It will help if you plan on adding lighting and potentially adding a restroom to create a more functional room to hang out.
Note that if you want to turn a room into a bedroom, it needs to meet the following:
- 70 square feet of floor space;
- Minimum of seven square feet in one direction;
- A door that can be opened and closed;
- A window;
- A closet.
Show Your Windows Some Love
Windows add to the integrity of your home by insulating against the outdoor climate. Replacing those that are outdated or drafty should be a priority but can be expensive. On the other hand, consider window tint instead if your current windows are in good shape. Taking this step will help protect the interior of your home from harmful UV rays. In addition, this can slow down the fading of your wall coverings, furniture, pictures, and art from this exposure.
You may have concerns that tinted film on your windows will make the interior dark, but that isn’t always the case. Residential window tinting in Charlotte, NC, comes in many grades, so your home can remain bright and airy while enhancing its overall energy efficiency.
Remodel Your Bathrooms
If you have kids, you already know how important it is to have enough bathrooms for everyone during the morning rush to get ready for school. But, in addition to having several restrooms for accommodating your family, you also want to have updated amenities.
For example, you can save significantly on your water bill by using low-flow toilets that only need a gallon of water to flush versus a standard 7 gallons for older commodes. Additionally, you may want to update the color scheme and create a more modern aesthetic for the cabinetry, faucets, showerheads, and walls.
Update Your Kitchen
Another part of the house that affects property values is the kitchen. This room is also important to prospective homeowners who want updated appliances, a comfortable floor plan, and lots of storage space.
If you don’t want to shell out too much of your remodeling budget on cabinets, consider having them professionally resurfaced instead and purchasing newer hardware for the doors. Another great improvement to kitchens is backsplashes for the sink area. A complimenting pattern made of stylish tiles behind your countertops can liven up the room.
As you can see, there are numerous remodeling options for your home that can improve its value. However, before undertaking any project, assess the cost versus the benefit and plan accordingly. You don’t want to overspend on upgrades if they don’t add to your home’s worth when you list it for sale.
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