What Home Renovations Will Drastically Increase Your Home’s Sale Value?
home renovations
No matter if you live within your forever home or simply settling down for a few years, investing in your property is an absolute must.
Not only does this maintain your home, but it may even add to its overall value.
But where exactly should you concentrate on accomplishing that?
Read on to learn what home renovations are considered to provide homeowners with the most increase in home value.
Kitchen Renovations
If your home renovations project is based on getting the most dollars and not just on making the space more comfortable for yourself, then the kitchen is one of the best areas to concentrate your efforts on.
In fact, real estate experts often point towards kitchen renovations as the best areas to see a great ROI or return on investment.
Some will say that the return can be anywhere from 54% to a whopping 87%.
Total Home Insulation Installation/Repairs
One of the biggest concerns for younger homeowners is the rising cost of energy.
This means they will be looking and often choosing a home that is fully insulated.
This means adding insulation to everything from the basement all the way up to your home’s attic.
Home insulation that is ineffective at helping maintain the home’s temperature means your AC has to work harder, your heater has to work harder, and the home overall will be much less comfortable.
But the benefits don’t stop there. Not only is this good for energy efficiency, but it also helps keep out pests.
Outdoor Patio/Deck
People who are buying a home are often first-time buyers and younger.
This means that one of their common wants includes an outdoor area where they can invite friends and family to hang out.
Having an outdoor space that is comfortable to be in is also important for those who are bringing pets, as pet owners want and need a convenient space to be outdoors with their pets.
Therefore, adding or improving on your current patio/deck is a great way to make the home that much more appealing and thus push up the price in the process.
Renovating Your Bathroom(s)
If you’ve seen any home improvement shows, then you know just how much energy goes into making the bathroom look as great as possible.
This isn’t just for the cameras; having a fully renovated bathroom as part of your home remodeling can actually go a long way in terms of increasing your home’s overall value.
In fact, someplace a number of between 80% to 130% in terms of a return on your bathroom investment.
But, of course, this all comes down to how much work you put into your own bathroom.
Partial renovations are going to yield a smaller return but a return nonetheless.
If you’re looking to drastically increase your home’s sale value, the areas listed above are some of the best places to place your focus on.
Although each person’s end results will be different, they are often beneficial to the homeowner.
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Category: Housing
