If you find yourself asking what kinds of renovations add the most value to your home, you’re in the right place. The best home upgrades vary from person to person, but in general there are a few key areas in your home that you should focus on when going about home renovations to increase your home value.
8 Home Renovations to Increase Your Home Value
Below are some of the most worthwhile home renovations that increase your home’s value while optimizing your return on investment.
- Minor kitchen remodel: Upgrading the kitchen lighting, installing a new backsplash, swapping out appliances, or adding a fresh coat of paint to your walls will do wonders when it comes time to put your home on the market.
- Upgrade the bathroom: Replacing old lighting, fixtures, vanities, or dated wall coverings is the best bang for your buck when looking to add value to your home. Since the bathroom typically is the smallest room in the house, it’s rather cost effective to install some nicer flooring in this area to boost your resale value even more.
- Add some curb appeal: Nothing is worse than a beautiful home with terrible landscaping. This rather cost-effective solution to upgrading your home can be simple through the addition of a few plants or flowers and some mulching.
- Replace the windows: Consistently ranked as one of the top home upgrades to boost resale value, upgrading your windows will typically give you about a 75% return on your investment.
- Swap out your flooring: If your carpet or hardwood is rather worn down, replacing your flooring will ultimately improve your home value in the long run.
- Install smart home technology: From smart locks and doorbells to high-tech lighting and energy efficient thermostats, the possibilities are endless for upgrading your home with some of these advanced technologies.
- Add a fresh coat of paint: One of the easiest and most cost-efficient renovation ideas for your home is to give your walls a fresh coat of paint. Swapping out your dated wallpaper or a funky colored paint for a fresher, more versatile option is a great way to make your home more appealing and desirable.
- Finish your basement: Finished basements tend to give homeowners a return of anywhere between 50-75% of their investment, making it another great option for your home renovations.
Now that you have an idea of some of the top renovations you can make to your home to receive the highest ROI, it’s time to get started on the selling process. Connect with one of our experienced team members today to help walk you through the selling process and assist you in the purchase of your new home as well.
Looking for more renovation ideas for every room in your home? Follow the link below!
