Best Renovations That Add Value to Your Home

Whether it’s necessary or of your own volition, a renovation project should be done every once in a while. When it comes to deciding which project you want to do and how you want to do it, it’s important not to jump the gun. Because of the pandemic, we’ve had to spend more time in our homes than ever before. Because of this, many of us have started re-evaluating them and prioritizing different things. A great example of this is home offices. These have become highly wanted features, and adding or updating the one you already have will surely add value to your home. No matter if you’re planning on selling or renting it out in the future, having your home at its top value will not hurt.

Outdoor renovations that add value

If it’s old, you should do a front door replacement

An excellent investment that is sure to get you more buyers is refreshing an old front door. A good front door is essential for making an excellent first impression on potential buyers. A simple fundamental steel front door will only set you back about a hundred USD. Of course, you can always add a few hundred to that and get a door with a bit more character. This can be great as long as its design goes well with the rest of your house’s exterior.

If you currently can’t afford a brand new door, or it doesn’t go well with the budget when you’re doing multiple renovations, a fresh coat of paint or lacquer can certainly go a long way.

Good curb appeal is sure to add value to your home

An improvement in your home’s curb appeal can add a lot of value to your property. After all, it’s the first thing a future buyer will see when driving up to your home. Hiring a good landscaper will help a lot, but it’s certainly not a must. You can always work on your home’s curb appeal yourself. It can even be a fun project for your family.

Having good curb appeal will add value to your home.

There are several options to choose from when it comes to renovation projects you can do for your curb appeal. Here are just a few great ideas:

1.        Power wash and repair small cracks in your driveway

2.        Add a few plants

3.        Refresh your lawn

4.        Refresh your walkway

5.        Repaint your home’s outside walls

6.        Replace old windows

The important thing is to know where to stop. Too many features can end up putting buyers off. This is because they can make the front of your home look like a hassle for upkeep.

Add an outdoor living area

Research done by expert movers from teddymoving.com shows that one of the biggest reasons people move today is because they want to live in a home with an outdoor living area. Because of the pandemic, people have truly noticed the importance of sizeable, functional outdoor living areas.

Decks and patios are the most popular choices for making an addition like that. They are easy to install yourself, and there are many companies that can do it for you. They’re usually cheap and yet very effective. They can serve many purposes depending on how you design them. They can be a place to dine with family, have a drink and some fresh air after a hard day at work, entertain friends, or work outdoors for a few hours.

Small renovations which people appreciate

You must know your target audience when it comes to renovating to add value to your home. For instance, over the past few years, millennials have been the leading demographic of home buyers. So, if you’re trying to sell to them, you must know which features they want in a home.

Plenty of the small features and appliances people look for in a home today are cheap and easy to install. The most popular ones lately have been:

1.        Energy-efficient appliances

2.        Programmable thermostats

3.        Security cameras

4.        Video doorbells

5.        Wireless home security systems

6.        Wireless smart home appliances

7.        Smart lightbulbs

8.        Smart home assistant speakers

Caption: Smart home features like a programable thermostat are very desirable to home buyers today.

Many of these can be DIY projects, making them even cheaper. These things will add value to your home. But the less money you have to spend on them, the bigger that added value will be.

Indoor renovations that will increase your home's value

Increase usable square footage

Increasing the amount of usable space in an existing home makes a lot of financial sense. The value and price of all homes largely depend on the livable square feet they contain.

The best thing you could do to add function and, in turn, value to your home is to add flex space. That means more rooms that can be used for multiple purposes and easily assigned a purpose with only a few minor alterations. An example of this type of space would be a home office with storage. You can swap out the work desk for a bed and have a functional bedroom.

Remember that this doesn’t just mean building an expensive add-on. You can also just work on bettering the layout of the home you already have.

Replace or upgrade your flooring

The ROI of updated flooring is a tricky thing. Getting a professional involved to asses and tell you whether your floor needs to be renovated can help immensely. Generally, if your home looks just as good as the other homes on the local market, a floor replacement is suitable since new flooring in good shape can give you an edge over the competition. If your property has a very high or very low value, it’s better to skip this renovation since most of your buyers will be people ready to invest that little extra money to do it themselves.

Remember that floor replacements take a lot of time and effort, and so does moving. If you are planning to move soon and are doing renovations for the sake of selling your home as fast as possible, you should skip this one. One of the biggest moving struggles people face is taking too much on at once. Doing a floor replacement right before moving is definitely too much. To prevent issues later on and keep your own sanity, either do a floor replacement months in advance or don’t do one at all.

Make sure your kitchen looks well designed

Caption: Make sure your kitchen feels at least a little homey.

Many of your future buyers will see the kitchen as the heart of your property. This means that if yours doesn’t look good, it’ll be a big reduction of your property’s resale value. You should look to achieve three main things with a kitchen renovation:

1.        A cohesive, good-looking design that doesn’t stick out from the rest of your home

2.        Maximized utility of the space

3.        Updated fixtures (you can hire an inspector to help make sure you don’t waste money on things that are okay as they are)

Final tip

When you’re deciding which of these renovations to do, it’s important to know why you are selling. For example, if you want to make a quick as-is sale, you should focus more on cosmetic renovations. The reason for this is that as-is buyers are aware that they will be buying a home with at least a few internal problems, and they are okay with that, so they will at least want to have cosmetic issues out of their schedule.

Try thinking about what things will make your buyer want to call your property their home. That is the best way to determine which renovations will add value to your home.

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Are you wondering what renovations will add value to your home? Learn about them before starting your next project.

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