Top 6 Home Renos to Increase the Value of Your Home
June 7, 2017
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Whether you’re thinking about selling your home or you’re just looking for a project to spruce up the place – for your biggest ROI (return on investment) here are the Top 6 home renovations to boost the value of your property.
Update the Kitchen
The kitchen is the selling feature of many homes, which means that outdated or well-worn cabinets and countertops can be a deal breaker for many home buyers. Give your kitchen a major face-lift by replacing the cabinetry or countertops. If you’re worried about breaking the bank, consider having your cabinets professionally stained or painted and change up the hardware for a more updated look. For an even more significant impact, you can switch out light fixtures, update appliances, or install a new back-splash.
Modernize the Bathroom
After the kitchen, the bathroom is the most valuable room(s) in your home, which means it can be a significant asset when it comes to adding resale value. Updating your bathroom doesn’t mean gutting it and starting over. Consider putting a fresh coat of paint on the walls, changing up faucets, and trading in your worn out shower curtain for a glass shower door.
Create More Space
Finishing your basement or building an addition will add square footage to your home – which can be a huge selling feature if you’re strategic. If those projects seem a little too large for you at the moment, consider knocking out a non-structural wall to create a more open concept floor plan.
New Flooring
New home buyers often look for hardwood or ceramic – which can generate more interest and a higher price point.
Freshen Up the Yard
Landscaping is often overlooked by many homeowners who believe that improving the interior of their home will guarantee a quick and easy sale. While this may sometimes be the case, the exterior of your home is just as important – especially when it comes to first impressions. Tangled trees, overgrown bushes, and unkempt weeds can obscure views, darken the interior of your home, promote mold growth and encourage water accumulation on your property. Cleaning out your rain gutters, adding shrubs and flower beds, or installing a sitting area are all great ways to improve your home’s exterior.
Evaluate Your Front Door Appeal
The front door is a potential home buyer’s first impression of your home and is a major part of any home’s curb appeal. Don’t underestimate the power of a new front door!
Finally, don’t forget to let your insurance broker know about any renovations you’re planning to do before you get started, so they can ensure that your new investment is properly protected.
