If you’re considering listing your home for sale then, chances are, you’ve considered how to increase your home’s value. Making the most of the home you have by upgrading your interior, exterior, or general curb appeal can reap dividends when it comes time to close. But not all home renovations are equal. And not all renovations add significant value to your home. In fact, it’s easy to spend thousands of dollars on home renovations or additions and see very little increase in the final value of your home.
Simply put: homeowners need to make the right renovation choices if they want to increase their home’s value. Here are 6 renovations that really add value to your home:
Outdoor Additions
Adding additional features outdoors can increase your curb appeal while making your home more enjoyable for you and your family. Things like a deck, firepit, or fences make your house safer, more utilitarian, and more appealing to buyers.
Stay away from pools, though. Typically, swimming pools don’t offer a significant return on investment–especially after maintenance is calculated.
Bathroom Remodel
Bathrooms are some of the most commonly remodeled rooms in any home. Styles and aesthetics change over time and a bathroom considered “vogue” in one era might be a faux pax in another. Changing out sinks, vanities, tubs, and toilets can really impact the value of your home. Opting for a timeless or simple tile or design scheme in the bathroom helps bring the biggest return.
Kitchen Renovations
If you’ve refreshed your bathroom, then renovating your kitchen might be the next best option. Replacing your current appliances can cost anywhere from $6,000-$12,000 on average but drastically affects the value of your home and the perception of prospective buyers. Take it a step further and change out your countertops, flooring, cabinets, or sinks for an even bigger impression.
Finish Your Basement
If you’ve got an unfinished basement then you have square footage that can be put to use to entice would-be buyers. It doesn’t have to be immaculate; a well-built and simple basement provides additional storage and entertaining options for homeowners and increases property values.
Replace Your Roof
If your roof is old or in need of replacing, it shows. The integrity of your roof is often one of the first things buyers inquire about. A good roof can last 20-25 years but needs to be inspected and maintained regularly. If your shingles are cracked or buckling or if your roof shows signs of wear, putting on a new roof can drastically increase the value of your home.
Door Replacement
Nothing says “Welcome Home!” like a nice front door. Replacing a damaged front door or upgrading your garage door increases curb appeal and provides an inviting entryway for those touring your home. Making the right first impression can mean an increase in value.