5 Home Improvements that Will Increase the Value of Your Home
To many homeowners’ surprise, not all home improvement projects will lead to a great return on investment. This is why we always ask our clients what their end goal is for the renovation. If they are looking to simply elevate and update their home to be more to their liking, then really, anything goes. But if the desired outcome is a project that leads to a great ROI, then there are certain projects that we highly recommend over others. Mainly because no matter the year, season, or ongoing trend, that project is guaranteed to add value.
If your main goal for your next renovation is to increase your home’s value, then we have you covered with these 5 projects. Some are large renovations and others are small, but all 5 will surely help you secure a high return.
1. Finishing Your Basement
Having a home with an unfinished basement is almost like striking a goldmine. The reason? While it may be a costly project to finish this space, it will yield a high return on your investment, making it well worth the money.
This is a project we’d definitely recommend as a high priority on your list. You can use this space to easily create a finished basement or a dedicated laundry and playroom, or you can get a little crafty and create a gym, extra spare bedrooms, or a movie room. The possibilities are endless and no matter what option you decide, you’ll easily be increasing the value of your home.
2. Replacing Your Windows
There are certain elements of your home that have to be updated every once in a while. Windows and doors fall into that category. While this type of project may seem like a small, tedious task, it actually has a huge impact.
Not only does it save future homeowners from having to go through the trouble of replacing them themselves, but new and improved windows tend to lower electricity bills and reduce outside noise. All of these are attractive qualities that will easily improve the value of your home.
3. Kitchen Renovations: Small or Big
The kitchen is the heart of the home and one that many homeowners tend to evaluate when looking at properties. The good thing about a kitchen renovation is that you can customize it to fit within your budget, and still receive a great return.
If you want to do a minor kitchen renovation, we recommend focusing on updating the appliances, adding a new backsplash, upgrading the faucets, or even adding in an island. However, if you have a larger budget to play with here, we recommend revamping and remodeling the cooking space, adding in more seating, changing out the cabinets and countertops, or even doing a full kitchen remodel.
4. Improving your Backyard Space
Over the past few years, backyards have become very important to homeowners, given it has become somewhat like their own personal oasis. If your backyard can use a little TLC, then this renovation project would be a great place to start.
Again, this is another project that can be customized to fit within your budget. If you have more money to play with, we recommend adding in a brand new deck, building a fireplace, or creating a designated area for outdoor cooking and entertaining. However, if you’re looking for a project that has a smaller budget, we recommend focusing on the landscape, fixing up your fence if necessary, or even adding in a year-round gazebo.
5. Bathroom Renovations
You probably saw this one coming! Bathroom renovations, like kitchen renovations, always yield a high return. Small adjustments such as new flooring or light fixtures, or a new countertop will easily go a long way. However, if you’re willing to invest and go the extra mile, a full bathroom makeover will definitely be worth the investment.
Tip: When selecting a team to complete a full bathroom renovation, be sure to ask them to waterproof the shower and the room. This will help prevent mold growth and any deterioration, which again is a selling feature!
If you’re ready to add extra value to your home, these 5 projects will easily do. Not only will they make your home more attractive and aesthetically pleasing, but they will also improve its functionality as well.
At Generation Construction, we’re always ready to get to work, helping homeowners turn their vision into a reality. If you’re ready to dive into a project, then we’re ready to get started. Contact us today to see how our team can be the right fit for your renovation needs.