There are a lot of ways to improve a home. One of the most common ones is remodeling it to fit your lifestyle and make it look more modern and functional. But while some people do this with the intention of selling their house, many ignore the fact that these changes will add value to their property.
If you want to know how to raise the value of your home, here are some tips for home remodeling:
12 Tips For Home Remodeling To Increase Your Home's Value
1. Update The Kitchen
This may be one of the highest expenses in your reno budget but it's also one way you can raise the worth of your home by almost three percentage points (3%). Renovating or updating cabinets, countertops and even flooring add property value if done correctly and tastefully.
2. Add A Master Suite
Having a large master bedroom with an adjoining bath is one of the best ways to raise your home's value, especially if it is bigger than three bedrooms and two bathrooms. It is also great for family-oriented homes or those that are designed for entertaining. Even if you don't consider yourself into luxury, having a spacious master suite will impress future homeowners, whether you've got teenagers in tow or grown children moving back home again.
3. Open Floor Plan
The open floor plan is popular for its practicality, but it can also add value to your home too because it looks nicer and more spacious when done right. You can achieve this by removing walls between living spaces like the kitchen and living room or moving an interior wall of a home's floor plan so that there is more space. Just ensure that the potential walls you want to remove aren't load-bearing or it might not be possible at all, or not without significant home renovation budgeting.
4. Make It More Functional
In addition to making your home look better, you can also increase its value by renovating the house so it's more functional for your way of living. For example, putting a driveway next to the garage door and putting a large front yard on a corner lot are two modifications that appeal to buyers because they make using the property easier and more convenient.
5. Update The Bathroom
Another spot that homebuyers look at is the bathroom. If yours looks outdated, consider replacing old fixtures with newer ones to make them more appealing for buyers. This will raise its value by 1.3% on average which makes it a very cost-effective renovation project. Replacing old flooring wallpaper or cabinets is an inexpensive way to achieve a more modern look in the bathroom and installing new light fixtures and mirrors will also improve its appearance.
6. Do Repairs
If you want to know how to raise the value of your home, don't forget to do basic repairs before selling including clogged drains, water leaks, and damaged roofing materials as these lower its value by almost four percentage points (4%). Aside from making your home look better, this fix-up work also ensures that prospective homeowners are safe during their stay in your property too.
7. Make It Pet Friendly
If you have pets, make sure to include them in your home remodeling project. However, instead of residing new furniture for them, consider pet-friendly renovations you can do yourself which will allow you to save some money. You can paint the walls with non-toxic paints or use low-VOC flooring materials that are easy on their paws too. Pet door inserts and easy-to-clean flooring materials for their feeding time areas are also great choices.
8. Add A Patio Or Deck
If you want to know how to raise the value of your home via home improvement in less than a year, add a patio or deck that homeowners can use for outdoor entertainment and gatherings instead of taking up space in their yard. They are perfect spots to relax and enjoy nature while still having access to your house which makes them attractive to buyers looking for homes with added livable space. It doesn't even cost much because there are many DIY projects out there that don't involve hiring contractors!
9. Add A Pool
A pool is an excellent selling point because it adds value and sets a house apart from others in the neighborhood without having to spend a lot of money to install one. If you're not into this much upkeep then perhaps a playset could be a better alternative as long as there's enough space by your home to accommodate it properly. Adding either feature will make your home more valuable by about 4% on average which is why it's the number one renovation project every homeowner needs to know how to raise the value of their home.
10. Increase Curb Appeal
When first-time or move-in buyers see your lawn, they instantly judge the condition and cleanliness of your property even before entering. So you'll need to focus on making it appear as tidy as possible by removing weeds and debris first then planting colorful flowers, shrubs, and trees around the outside so that it looks more inviting for them including repainting or replacing worn fences boards too. You could also consider building a new garage if yours is looking run down to improve its curb appeal since buyers often look at this feature before going inside a home. Aside from curb appeal, another way to increase the value of your home is by focusing on how much you'll spend for regular expenses as high utility bills can lower its resale value by 1% which is why it's so important to look for energy-efficient appliances and other household features that help you save money long term including using eco-friendly building materials.
11. Add A Fireplace
A fireplace will give your living room a warm and cozy feel that buyers love especially during winter time when they're looking for good deals going on in the real estate market. Not every property has one but even if yours doesn't, there are many ways to create an illusion that makes your living look like it does such as adding attractive accessories, wall coverings, and furniture that mimic the features found in a fireplace.
12. Increase Storage Space
Storage space is needed in every home because it makes rooms appear larger and more organized but if yours doesn't have enough then homeowners may run out of space quickly or worse, they'll be forced to use their garage which smells like chemicals from all your paint supplies. Adding shelving units and storage spaces throughout your house such as under staircases, drawers to hold bedsheets, and cabinets under kitchen sinks will help improve its value by 1-3%.
Higher Value Home
There you have it happy homeowner! Now you know the 12 renovations every homeowner needs to know about in order to raise the value of their home quickly without needing to hire a contractor who might ask for thousands of dollars depending on what you want to be done. The good news is that these projects are DIY-friendly which means you can do them overtime whenever you find the spare time or when your budget lets up enough for these types of investments.
