When you’re considering home renovations, it’s always a good idea to ask yourself, “How will this impact the resale value of my home?” Now, perhaps you’re planning on selling in the very near future – maybe that’s even the reason for your renovation project in the first place. Even if you have no plans to sell any time soon, it’s always smart to keep the future in mind before making any investment. And while some renovations are always a safe bet for added resale value, others just simply don’t give you enough return on your investment.
That’s not to suggest that you shouldn’t add that swimming pool you’ve always wanted. Just keep in mind, projects like that add very little value to your home, and may even deter certain buyers, especially if they have very young children. So if value is your goal, perhaps you should consider:
The kitchen is one of the most essential living spaces of any home, especially now that fewer and fewer people both to use dining rooms. If your kitchen looks like something out of an episode of an 80’s sitcom, however, it won’t attract a lot of buyer interest. Simple kitchen renovations, like fresh paint, new countertops, a kitchen island, and energy-efficient appliances can add some serious value to your home. However, it may be hard to recoup the costs of over-the-top kitchen renovations, so be sure to know when enough is enough.
Adding a Deck
A little home renovation in the backyard can go a long way. Prospective buyers aren’t just looking for a house; they want a space they enjoy living in. If they can see themselves basking in the sun and having barbecues with friends, then you can offer them that. Decks can be made in all shapes and sizes, depending on your budget, and offer a great return on your investment.
Finishing Unfinished Spaces
These days, almost every single new house includes an unfinished basement. If you want your home to stand out, don’t let it be one of them. This doesn’t mean you necessarily have to add a giant multimedia room or a wet bar, simply making the space livable can make a tremendous difference. Prospective buyers will feel a burden lifted knowing they don’t have to worry about fixing up their new basement, and that they can use it however they like.
Of course, there are many other things you can do to add value to your home, like replacing old windows, or taking out old carpets and putting in hardwood floors. From patios to kitchen renovations, the possibilities for added value are just waiting for you to grasp them. Talk to your home renovations experts today to find out how you can boost the resale value on your home today!