Whether you’re hoping to list your home on the market for as much as possible or you simply want to amplify the value of your biggest asset, there are quite a few compelling reasons to invest in home renovation projects.
However, it’s crucial to invest in the right kinds of renovations. Unfortunately, there are tons of seemingly lucrative upgrade ideas out there that can actually harm the resale value of your home. At the same time, many other home improvement projects will cost more while having little to no impact on property value.
So if you’re wondering which projects are worth the investment, we’ve listed five that have the potential to boost the value of your home dramatically.
Renovate The Kitchen
The kitchen is at the heart of every home. It’s the place where meals and memories are made. Beyond that, kitchen finishes, and appliances hold substantial value. So it makes sense that upgrading this area of your home will offer high returns. Depending on the types of cabinets, countertops, flooring, and appliances you choose, your kitchen renovations could increase the value of your home by as much as 10%.
Give The Bathrooms A Makeover
If you decide to give the bathrooms in your home a meaningful makeover, you’ll be able to recoup roughly 60% of the costs of the project, and you could increase property value by over 20% with the right upgrades.
Nevertheless, it’s important to upgrade your bathroom with modern trends in mind. Avoid personalized choices that won’t appeal well to the buyers’ market. Modern, luxury, and minimalist bathroom designs are safe options. Adding more bathroom storage is also a wise decision.
Upgrade The Patio
Building an outdoor entertainment area like a patio or a deck can increase property value by around 10%. There are also various value-adding upgrades to consider, such as outdoor kitchen and dining areas, fire pit installations, and cozy seating, to mention a few.
Stone outdoor kitchen kits can help you put together an outdoor cooking area that’s as functional as your indoor kitchen. At the same time, creating an outdoor dining area is as simple as picking out the right dining table and chairs.
Invest In Value-Adding Landscaping
Landscaping is, by far, one of the most affordable home improvement projects out there. It also offers enormous returns for homeowners because the right landscaping designs can boost home value by over 10%. Because the garden surrounding your home has a massive impact on first impressions, tidying up your yard and investing in landscaping services is always worthwhile.
Replace The Flooring
If you have been waiting for the right time to get rid of those old dusty carpets that have adorned the floors of your home since the property was built, this is your sign. Flooring sets the tone for your interior style and upholds property value as a result.
The right flooring can echo a glamorous ambiance, while the wrong flooring can have bespoke furnishings resembling thrift store finds. With this, hardwood flooring, high-end tiling, and quality laminate flooring solutions are great investments.
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