If you are adding on to your home in an attempt to increase the value of the home, you should click here for different ways to make your home worth more.
Home renovation spending is on the rise throughout the United States, and it’s likely to continue growing for the next few years.
Have you been considering adding on to your home and making some renovations to increase its value? Are you unsure of where to begin or where to place your focus to get the most bang for your buck?
When it comes to home renovation and increasing your home’s resale value, there are lots of different approaches you can take.
Listed below are seven different ways to update your home and increase the value of it.
1. Increase Energy Efficiency
One of the best ways to raise the resale value of your home is to make energy efficiency a top priority.
Sustainability is a top priority for a lot of people these days, and many buyers are willing to pay extra for a home that helps to reduce their carbon footprint.
Consider updating your appliances to more energy-efficient models, or replace your lights with LED bulbs. You can also go big and install solar panels on your roof to raise the value even more.
2. Increase Square Footage
The bigger your home is, the more money you’ll be able to get when the times comes to sell it.
If you have the option to add on an extra room, you can increase the total square footage and the home’s resale value.
You don’t necessarily have to bring in a new addition, though. For example, finishing your basement is a great way to increase the usable square footage of your home and will still add value.
3. Update the Kitchen
The kitchen is one of the most frequently used rooms in the house. Because of this, it makes sense that updating your kitchen will increase the value of your home.
Installing new cabinets or repainting your old ones is a great way to freshen up the kitchen. You might also want to look into installing a quartz or granite countertop for a more modern look.
4. Improve the Bathrooms
The bathrooms are also a top priority for a lot of home buyers. If your bathrooms are newly renovated, you’ll be able to get more money when you sell your house.
Bathrooms are relatively inexpensive to update, too. Simple things like installing new vanities, toilets, and fixtures will help to improve the space without requiring a huge investment.
5. Make it Senior-Friendly
Most people update their homes with young buyers in mind. What about the people who want to age in place, though?
When you’re renovating your house, think about how you can make it senior-friendly.
Little things like installing a walk-in shower can bump up the sale price of your home and help you cater to a wider audience when the time comes to sell it.
6. Update the Landscaping
Never underestimate the value of a great looking yard. If your landscaping is on point, your house is going to be much more attractive to potential buyers.
Plant native trees to reduce energy costs. They also help to raise the value of all the homes in your neighborhood.
Plant young shrubs to help cool down the property, too, and plant perennial flowers that will come back every year and brighten up the yard.
7. Make it Low Maintenance
When you’re updating your home, you might be tempted to choose the latest and trendiest materials and styles. Think about the maintenance you and future homeowners will have to do if you take this approach, though.
The easier your home is to maintain, the more someone will want to buy it in the future. Use stain-resistant materials in the kitchen and bathrooms, for example, and install hardwood floors that last for a long time and are easy to clean.
Bonus Home Renovation Tips
There are many ways to improve your home and increase its value. No matter which of these repairs you’re going to do first, these bonus home renovation tips can help you to have a more pleasant experience and ensure that things go as smoothly as possible:
Set a Realistic Budget
Know what you can afford to spend before you start making plans. That way, you can prioritize your renovations and start with the ones that will yield the highest returns.
Know Where to Splurge
When you’re working on your budget, decide on which items you plan to splurge and which ones you’ll try to find at a lower price. This will help you figure out what your priorities are and save you from spending more than you can afford later.
Have a Clear Vision
It helps to have a clear vision of what you want for your home before getting started.
If you do this, you and your partner won’t have to argue about whether you want these cabinets or that stove. You’ll have already agreed on a plan and will know what you want before you head to the store or start shopping online.
Hire the Right Contractor
The right contractor can make the home renovation process much more manageable. Do plenty of research and find a reliable local contractor who has a great reputation in your area.
Make Alternate Living Arrangements
Depending on the scope of your renovations, you might need to relocate for a while. If this is going to be the case for your home, make arrangements early on. That way, it’ll be easier for you to pick up and go when the time comes.
Start Adding on to Your Home Today
As you can see, there are lots of different ways you can go about adding on to your home or renovating it in order to increase its resale value.
Which one of these changes makes the most sense for your goals and your budget?
Whatever type of renovation you plan to make first, be sure to keep the renovation tips listed in this post in mind. They’ll help make the process much easier and will help you to stay sane while your house is under construction.
Are you looking for more home renovation tips or inspiration?
If so, we’ve got lots of helpful resources available on our site. Check out them out in the Architecture section of our site today.