Renovating your home can be a great way to increase its resale value. Some renovations, however, aren’t worth the investment, as they do little to substantially improve the value of your home. To avoid wasting time and money on unworthy updates, look at these home renovations that increase resale value.
Your roof is an incredibly important structural component of your home. If there’s an issue with your roof, your home may experience water damage, pest infestations, and poor energy efficiency. Preventing such unattractive issues by replacing your roof could largely increase the value of your home. Some people try to cut costs by attempting renovations on their own, but a roof replacement is one renovation you shouldn’t DIY. Due to the procedure’s challenging nature, you should always enlist the help of a trained professional.
Hardwood flooring has been the preferred flooring type for decades, and its favorable public opinion is unlikely to change any time soon. Due to its high demand, hardwood flooring can add a significant amount of value to your home. If you already have hardwood flooring but it’s looking a little worse for wear, consider refinishing it to restore its vibrance without shelling out the money for completely new floors.
Adding a deck to a home is an extremely cost-effective home addition. A deck substantially increases the amount of livable space in a home and makes your backyard look more appealing. To make your deck even more valuable, consider adding built-in seating, multiple stairs, or a firepit.
Neutral paint job
Renovations don’t have to be super-costly in order to add significant value to your home. Simply giving your walls a fresh coat of neutral-colored paint will make your space more appealing to buyers. When painting your home, choose colors such as soft browns, light grays, or creams. Neutral tones will make the house a blank canvas that won’t clash with a future buyer’s style or require a large amount of effort to change.
Bathroom addition or remodel
A nice bathroom is a huge selling point for future homebuyers. If you have room in your home for an extra bathroom, adding one could give you over a 100 percent return on your investment. If you don’t have room for another bathroom, consider updating the one you do have. Adding desirable features such as a walk-in shower, full bath, or updated light fixtures could make a huge difference in the eventual selling price of your home.