The amount of resources available out there on the most valuable home renovations can be a bit overwhelming. However, there are several important things that everyone should know that will help them on their journey to raise their home’s price through renovation.
Here are some suggestions for the best investments you can make in your residential property to increase house resale value.
Add Value to Your Home by Improving the Most Obvious/Visible Areas
Many of the best home renovations to increase value require work on the most obvious areas. A potential buyer will judge your house by its outward appearance, so unsightly features can make a sale fall through. It’s true that some valuable remodeling ideas aren’t obvious, but the obvious ones are the ones that are definitely seen.
A lot of times, people selling their house will concentrate more on big extras, like radiant heating. They let this distract them from doing more important things, like painting the exterior or replacing shutters. Potential consumers will register these errors, thinking the house is a “fixer-upper” and request a price that is much lower than the actual value. First impressions always matter the most when it comes to a family’s house and property.
Sub-Tip: Increase Home Value with a Good Front Door
Interestingly, it’s been estimated an attractive front door can add as much as 10 percent to the market value of a house. If you want to add a bit of pizzazz to your front door, update its knob and lock with one of the dozens of styles on the market.
Raise Home Value with New Appliances
Getting new appliances is very helpful in adding quality and value to your home. Whatever the case may be, updating your appliances will help you in your quest to make your house or condo more appealing and marketable.
If you update your appliances, you will have a much greater impact on potential buyers. Upgrading to an energy efficient unit can save you money on your electric bill and may even push up the property’s value.
Quality Home Renovation Materials Often Have a Better ROI than Expensive Furnishings/Decor
When seeking the best home investments to make, the wise homeowner will spend money on high-quality fixtures and materials before spending it on pricey furnishings and decor. Pricey furniture and high-end artwork is going to go with you anyway once you move, so spending more on what’s staying is going to add more value to the actual home.
Fixtures and finishes stay in the home and can greatly increase the house’s resale value. Attractive, durable additions to the actual home add value to the actual purchase price.
Sub-Tip: You May Save Money and Increase Property Value with Natural and Green Materials
Think about going green if you are looking around for good remodeling investments. Choices that will increase your home’s value and help the environment are wonderful. Replacing outdated equipment with an energy efficient air handler or furnace will improve your living space, protect your wallet, and improve the environment.
If you can afford it, purchase natural materials for use with indoor projects. Natural building materials like wood, ceramic, stone and other real materials are usually superior to any synthetic material you’ll find. They are not only visually pleasing, they also provide durability that can’t be beat. In the long term, the initial expense will pay for itself because you will not have to replace the materials as frequently.
Increase Home Value with an Added Bathroom or by Updating Your Bathroom
Installing a second bathroom in your residence often significantly enhances the value of the home. A second bathroom, particularly if it is on a different floor from the first bathroom, is really helpful for family and guests. It is very likely that multiple household members will need access to the bathroom simultaneously. And, you will soon find that, in addition to increasing your home’s value, having a second bathroom comes in handy!
At the same time, a bathroom is an important room to consider remodeling. Most rooms, such as living rooms and bedrooms, are able to be customized easily by the new buyer. But you really need the bathroom to shine. Be sure the tub and sink are in solid condition, or else they should be replaced. If the bathroom has linoleum flooring, lay tile in its place.
Sub-Tip: Influence House Value by Making Your Bathrooms Accessible to Persons with Disabilities
If you are about to undertake major renovations to your bathroom, consider making it accessible to handicapped persons. This conversion can be done in stages if cost is a concern, and will save a lot of headache if you live in your current home for the rest of your life. If you sell your home, these preparations will add to the value of your house on the market.
Attract Home Buyers by Adding Uncommon Features
Reach for the uncommon if you want to put in an addition that makes your home classier and more sophisticated. For example, a library with custom-built shelves or built-ins, or a basement converted to a wine cellar, may add a useful and classy touch. This is a good way to improve the value of your home, make it more comfortable and have a fun project to work on.