Renovations change more than your home's appearance and bring a great range of other benefits. Small or large, any level of remodeling improves the quality of your life, increases functionality, and boosts comfort. More importantly, renovations increase home value. As such, home improvement is crucial to homeowners who plan to sell their property in the future.
If you have the same intention with your residence, then this blog is for you! Read on to learn about 10 home remodels that add value to your home!
Why Increase Your Home’s Value?
Before we get into the details of some incredible home improvement ideas, let's look at the importance of undertaking such projects.
Renovating your home offers significant financial and practical benefits, both short- and long-term gains. For example, an immediate benefit you get after a renovation project is better aesthetics. Fresh paint and updated landscaping can increase your home's appeal and attract potential buyers.
Long-term gains can include better energy efficiency and structural upgrades. Like, reworking the electrical system can ensure sustainable energy usage, which can save you money in the long run.
So, yes, it is wise to think about taking your home’s value up a notch by initiating a captivating home makeover project.
10 Major Home Remodels That Add Value
Now that you are aware of the short- and long-term benefits, let us dive into 10 home remodels that can catch the eyes of respective home buyers and drive up the value of your home!
1. Remodel the Kitchen
The kitchen is a special part of every home. Not only can you prepare food here, but you can also make memories that last a lifetime.
The average return on investment (ROI) for kitchen remodeling can vary between 50% to 96%. This means if you spend $20,000 on remodeling your kitchen, you can add between $10,000 to $19,200 to your home value report! Even minor kitchen remodels can add worth to your house.
For upgrading your kitchen and keeping with the trend, you can consider:
- Adding new countertops.
- Installing a kitchen island.
- Renovating to an open-concept kitchen.
- Using smart appliances and eco-friendly materials.
2. Upgrade the Appliances
Smart homes are fast becoming the norm. Upgrading to smart home technology enables home automation and more efficient HVAC systems. This will modernize your home and reduce utility bills. Moreover, giving your home a tech makeover will attract eco-conscious homebuyers and increase your buyer pool.
3. Boost the Bathrooms
Remodeling your bathroom can do more than increase aesthetic appeal. According to remodeling magazines and experts, it can also offer an ROI of up to 65%. Bathroom upgrades you can consider include:
- New vanities
- Improved lighting
- Modern walk-in showers
- Re-tiling
- Heated floors for better insulation.
Remember that even minor bathroom upgrades can have big impacts on your home value.
4. Remodel the Attic or Basement
Converting the attic or basement is an excellent remodeling option for a home. It adds valuable square footage to your home without installing an extension. As such, converting your attic or basement can add significant value to your home!
Attic or basement renovation provides a handsome ROI of around 70%. It also appeals to buyers who are seeking more usable space per square foot. You can make these spaces more versatile by transforming them into an extra bedroom, home office, guest bedroom, study, or gym!
5. Get Decked Out
Outdoor living spaces are always popular among homeowners. Using outdoor spaces as an extension of indoor living is also becoming a trend nowadays. Installing a deck is a great remodeling option, as it can increase your home's functionality. It can also provide a return on investment of up to 83%.
If you plan on getting decked out, we recommend using composite. It is a long-lasting and low-maintenance material. It also leaves open the option for adding new features such as an outdoor kitchen in the future!
6. Boost Curb Appeal
You cannot make a list of renovations that increase your property value without including curb appeal. Exterior upgrades such as vinyl sidings can create strong and immediate positive impressions on home buyers. According to industry experts, home renovation projects to boost exterior appeal can yield a magnificent return, means, adding the most value to your home. For example, spending $10,000 to enhance a home's curb appeal will increase the value by up to $20,000 when you sell your home (200% ROI)!
You can touch up your home look with something simple, like upgrading house numbers or a new mailbox. You can also go big with a new entry door or a fresh coat of paint. These fixtures will help make your home stand out and outshine other homes in your neighborhood.
7. Improve Energy Efficiency
Energy-efficient homes are in high demand. Home renovations to improve energy efficiency definitely lowers bills. You can install solar panels or smart thermostats for sustainable energy practices. Besides lowering bills, these features will also help increase your home's value.
Eco-friendly certifications also add value to a home and attract more buyers.
8. Garage Door Replacement
Upgrading your garage door is more than just a functional improvement. It also ensures one of the highest ROIs of any home remodeling project. Just so you know, replacing a garage door can yield an ROI of almost 103%. This will add significant house value to your property when you decide to sell.
Changing the garage door is also an aesthetic improvement. It adds to your home's looks and offers better security.
9. Window Replacements
Window replacements are major home improvement projects. Installing a new set of windows can change the look of the interior of your home and save energy costs. New energy-efficient windows can also offer a return on investment of up to 85% as far as resale value goes. In financial terms, if you spend $2,000 on new windows, the ROI will add up to $1,700 to your home equity.
Better window designs can also provide better natural lighting. This can play a significant part in attracting buyers and boosting the overall value of the home.
10. Replace Your Roof
Roofing replacements are essential parts of home renovations that increase property value. A new roof can help you recoup around 68% of the installation cost. It can also reassure buyers about buying your property without worrying about future issues.
You can install solar shingles to boost your home's energy efficiency. Using suitable roofing materials can also help with heating and cooling.
Conclusion on Home Remodels that Add Value
Home remodeling can markedly drive up your home value. It gives your house a new look and increases appeal - both to you as well as to potential buyers. You can repaint your house or install a new entrance or garage door to significantly boost curb appeal. You can also renovate your outdoor living space with a new deck, get new windows for your house, or remodel the kitchen. All these upgrades will improve your comfort and enjoyment. On top of this, the remodels will guarantee higher resale values with better ROIs!
You should remodel your home in a way that suits your needs as well as adds to your home value in the long run. Consult with professionals and make smart investments based on your home's current state and the local real estate market.
If you are on the hunt for home remodeling solutions in Florida, look no further than Revolution Contractors! We are a family-owned and operated contracting company providing remodeling and building services for over 25 years. From remodeling your kitchen to adding to your dream home - you can count on us to deliver unmatched results!