Whether you’re thinking of renovating or preparing to sell, your next project could increase the value of your home. How much will depend on the quality of the work completed, prices in your local market and the condition of the real estate market at the time you sell. However, to give you an idea of which projects might benefit you, here are eight home improvement projects that have historically added value to a home.
1. Kitchen Remodel
Refacing or replacing cabinets along with updates to the countertop, sink and flooring make any old kitchen feel like new. If you’re planning to sell, then upgrading your light fixtures and appliances will also help to increase the value of your home. You should also consider installing a water softener if you live in a hard water area.
2. Bathroom Remodel
To give your bathroom a new look, consider replacing items such as the toilet, tile, shower head, vanity and flooring. Instead of replacing your tub, you can reglaze it, which will also leave it looking brand new. After patching holes and repairing any small damage to the walls, a fresh coat of paint and new light fixtures will give your bathroom the perfect finish.
3. Integration of Technology
The modern age of technology allows to transform your house into a smart home. By incorporating cutting-edge home automation systems, from smart thermostats, security systems with remote monitoring to voice-activated lighting, or a home entertainment setup, you can plan a seamless intergration of automation to your living space.
4. Landscaping
If your yard isn’t as eye-catching as you’d like it to be, then add a landscaping project to your list. Cutting the grass, planting flowers and trimming overgrown shrubs gives your lawn a more manicured look. This makes your yard more enjoyable to look at and helps attract potential buyers if you plan to sell.
5. Deck Addition
Have you been thinking of adding a new deck to your home? If so, you’ll be happy to know that it may also increase the value of your home. Be sure to furnish your deck with furniture and accessories that are stylish and comfortable for you. It’s sure to become the favorite hangout place not only for you but for your family and friends, as well.
6. Attic Conversion
If you have a spacious attic that you rarely use, you may be able to convert it into an extra room or office that you need. For a renovation such as this, start by consulting with a remodeling contractor to get a full understanding of what this type of project would entail. While it could end up being pricer than the rest of the renovations on this list, it can also help increase your home’s value overall.
7. Designer Ceiling Lights
It’s often the little details like lighting that can make the biggest difference. While lighting up your rooms, the exquisite plafonniers design can serve as captivating focal points. The timeless elegance of a crystal chandelier or the sleek modernity of minimalist pendant lights, is certainly powerful to transform your living spaces.
8. Basement Renovation
Renovating your basement can provide you with the added space you need for a new bed-, family- or recreation room. If you have a full basement, consider how you will maximize the space. Perhaps you could divide it into a rec room with a bedroom and laundry room off to the side. Before starting this project, be sure to address any flooding issues you have or include them in your renovation plans.
Spending money on a home improvement project isn’t always fun but the end result is worth it. It’s even better when you’re able to recoup the money you’ve spent in the form of equity or added profit when you sell your home. Keep this in mind as you get ready to take on your next remodeling or renovation.
