Many people in the world are looking to improve their home. Whether it is for an investment, so they can sell it at a later date or just because they want to make improvements on something that has been neglected for a while, many homeowners seek out ways to add value and better their living space. The following blog post will cover 7 renovations that any homeowner could do in order to increase the value of their home.
Why does renovation increase Home Value?
Renovations that add value to your home and create a unique atmosphere for homeowners. This is because it can increase the livable space and completely change the feel of the house. This will make a property more valuable and desirable to potential buyers because they are getting extra updated spaces for their money. A renovation can also help to increase the value if it is something that will attract a buyer, such as having an updated kitchen, updated bathrooms or a basement that has been finished.
What are some common renovations you should consider?
The following list contains 7 different renovations one could do in order to improve the home:
1. Painting
Paint can make a huge difference in the way that any room is perceived, and it’s not something that will break your bank account either. A fresh coat of paint on your walls or ceilings could be all you need to really spruce up an interior space. It also has the added benefit of creating more light in certain rooms.
2. Flooring
If you’re going for a complete overhaul, it might be time to think about getting new flooring installed in your home. This could include ripping up the old carpet and replacing it with something more durable like tile or hardwood floors, or even installing indoor-outdoor rugs that will add texture and style to any room.
3. Lighting
You might not think that the lighting in your home can add value, but it is a key factor when it comes to making an impression on potential buyers or visitors for that matter. Updating the light fixtures throughout your house with something more modern and stylish will really make a difference in how you’re perceived.
4. Windows
New windows are a great way to add value in terms of aesthetics and function, but they can be expensive if you’re going for something custom-made. You could instead opt for buying new sashes that fit the current window frame or even just replace your old curtains with fresh ones. Either option will still make a difference.
5. Wallpaper
For those who don’t want to go with a new paint color, wallpaper is a way to make an impact without committing anything else in terms of expense or time investment. A simple change like this will really add some character and personality to any room in your home. Some people even opt for the more modern look of a patterned wallpaper.
6. Doors
Replacing the doors in your home is another way to spruce up an old and tired-looking space without having to spend too much money or time on it. This can be accomplished by buying new pre-hung entryways or even installing paneling that will give you more privacy and warmth.
7. Cabinets
Getting new cabinets for your kitchen is a huge time investment, but it will also be worth the expense when you’re trying to sell the house in a few years and want to make improvements that are more noticeable. You could opt for something on an upper shelf or even buy some dressers at Ikea and turn them into cabinets for the kitchen.
Final Notes:
With so many options when it comes to adding value to your home, you may be wondering where do I start? The good news is that there are 7 renovations that have been proven by studies and individuals alike to add the most value. We recommend starting with one of these before moving on if you want your house or apartment saleable as soon as possible. Which renovation will add the most value in your opinion? Let us know!