Ways to Boost the Value of Your Home

Some home renovations can bring profitable results on home resale prices. Whether you are looking to sell your home in the near future or just making adjustments for a more comfortable living space, it is worthwhile to consider the following home upgrades that boast a remarkable return on investment (ROI).

Supersize the Space

Increasing the square footage of living space in your home is a surefire way to boost its value. Adding rooms in a house expansion is a massive project, but there are ways to avoid it while still creating a more spacious floor plan.

“Flexible living space” is one of the most attractive phrases for buyers these days who are looking for double-duty rooms that can serve as normal bedrooms or be transformed into rooms with dedicated functions such as a home office or an exercise room.

Converting the basement is a common way to add living space to a home. Keep the cold out and build a cozy space by covering concrete floors with convenient modular subfloors and topping them with carpet. A finished basement reports an ROI of 90.1 percent and is a major selling point for families with teenage children who need an additional game room.

An attic remodel reaps even more return with an ROI of 93.5 percent upon resale. The attic in some houses may be slightly smaller than the other bedrooms but remains a good choice for a guest room or playroom for kids. However, make sure you check your state and county building codes as they can be strict with attic conversions.

Kitchen is King

Any real estate agent will tell you that the home renovation with the most impressive return is the kitchen upgrade. Coming in at a whopping 98.5 percent ROI, a kitchen upgrade pretty much pays for itself.

Even if your future buyers are not planning to cook a single meal in their new kitchen, a modern kitchen remains top of the list for desirable home features. And until you sell, you will get to fully enjoy the benefits of a lovely, state-of-the-art kitchen space.

Retiling the backsplash is an affordable way to update your kitchen. Should you have a larger budget, replace your old countertops with quartz, the latest go-to material for fancy kitchens. Quartz is heat, stain, and scratch-resistant, and much easier to maintain than granite or marble.

Another way to instantly elevate your kitchen look is to replace your aging appliances with stainless steel ones. The shiny and clean look of stainless steel screams ‘modern’ to home buyers and immediately gives your kitchen a contemporary appeal.

Better the Bathroom

The humble bathroom is the one place in the home that everybody will definitely visit. We all love a beautifully appointed bathroom, which is why bathroom remodels boast an average ROI of 96.2 percent.

Renovation companies that specialize in bathrooms can provide a bathroom remodel that will transform your tired old bathroom into a home spa. A quick way to upgrade the look of your bathroom is to switch your boring square tub for a free-standing bathtub unit.

If you are not the tub type, tub-to-shower conversions are becoming increasingly popular as well. The large space allocated to a tub becomes a massive shower space that will make your bathroom look like a hotel or spa. Add built-in shower benches and a rain shower to complete the look.

As many boomers are looking to buy homes, adding comfort and safety features to your bathroom will greatly add to its value. Heated floors, grab bars in the shower, low maintenance materials, and even walk-in tubs are features that will call to the retiree buyer.

Love that Landscaping

First impressions matter. Enhance the curb appeal of your house by trimming overgrown shrubbery and tidying up the fence line. A fresh coat of paint on your front door will add an eye-catching splash of color and character to the façade.

With landscaping investment at a 100 percent ROI at resale, it is a worthwhile venture to visit your local garden center for a free landscaping consultation. Remember to choose native plants for your region that are easy to grow and have low water requirements for stress-free maintenance. Finish the path to your front door with a charming stone walkway lined with solar lighting.

Should your budget allow, adding a deck or patio and an outdoor furniture set will create an enticing outdoor living space that will bump up the value of your home. You could even install an outdoor fire pit complete with tiki torches, a feature that is popular with younger home buyers.

Although upgrading your home can be complicated, finding the right renovation experts can help to halve the hassle. By strategically improving your home room by room, you can enjoy staying in a modern home while knowing that your investment will pay off in the future.