6 Home Renovations You Can Make to Add Value to Your Home
Are you looking to add value to your home but aren’t quite sure how to do it?
Whether you’re getting ready to move or you just want to spruce things up a bit, there are renovations you can do to your home to improve its value. However, some renovations add more value than others.
Check out this guide to learn about the top home renovations you can make to add value to your home.
1. Add Some Outdoor Structures
Adding outdoor structures to your home is one of the best ways to increase its value. Not to mention, they can help transform your yard into an entertainment space.
In addition to these garden fountains, here are some other outdoor structures you can add:
While installing a deck isn’t a cheap project, it’s a worthy investment. Plus, it makes your yard space more useable. Decks are also easy to customize, and even if your yard is on rocky terrain, you can still install a deck.
Just keep in mind that depending on where you live, you may need a permit to build your deck. Also, decks do require some maintenance, as you’ll need to stain, power wash, and seal them on a regular basis.
A fence adds privacy to your home and keeps you and your family safe. It also helps to reduce noise and adds to your home’s curb appeal.
A fire pit is inexpensive, easy to install, and adds a cozy atmosphere to your backyard. Plus, it allows you to enjoy your backyard space during the colder months of the year.
2. Redo Your Kitchen
When buying a home, one of the biggest things people take into consideration is the kitchen. Not only are buyers looking for a stylish kitchen space, but they’re also looking for something functional.
Here are some tips for upgrading your kitchen:
- Swap out the lighting to create a new ambiance
- Add new hardware to subtly enhance the look and feel of your space
- Repaint your cabinets to brighten up your kitchen (if you plan to sell your home soon, go with a neutral color to appeal to a wide range of home buyers)
- Add simple shelves for more storage space
- Paint the floor
It’s also a good idea to upgrade your kitchen appliances to Energy Star appliances to make your space more energy-efficient.
3. Renovate Your Bathrooms
Renovating your bathroom space can also add a lot of value to your home.
According to a report issued by the National Association of Remodeling Industry, homeowners can recover an estimated 57% of their bathroom renovation costs should they sell their home.
If your home has only one full bathroom, add a shower to a half bathroom, or add a half bathroom that guests can quickly use when they come over.
4. Upgrade Your HVAC System
Upgrading your HVAC system can help save you a lot of money in the long run, as an efficient HVAC system will lower your monthly utility bills.
However, if your HVAC system is running smoothly, there’s no need to upgrade it. Here are some signs that you need to upgrade your HVAC system:
- It’s in constant need of repairs
- The blower is humming loudly
- The furnace is banging and groaning
- You haven’t been keeping up with regular maintenance
- Your energy costs are skyrocketing
Also, if you haven’t upgraded your HVAC system in over ten years, then it’s probably time.
5. Update Your Lighting Fixtures
One of the easiest things you can do to add more value to your home is to upgrade your lighting fixtures. When choosing lighting fixtures, you need to consider the design as well as the function.
Here are some different types of lighting fixtures to consider:
- Track Lighting: This type of lighting is suspended or mounted from the ceiling in a linear unit that can be positioned anywhere along a track
- Recessed Lighting: This type of lighting comes with an opening that is flush with the ceiling
- Under-Cabinet Lighting: Also known as task lighting, under-cabinet lighting can brighten up your kitchen space and make it easier for you to see when cooking
- Chandelier: A chandelier is typically installed over a table or in the main entryway
You can also add desk lamps, floor lamps, and table lamps to brighten up your space.
6. Build an Addition
While building an addition takes a lot of work, it can add some major value to your home. Before building an addition, you first need to figure out your home’s property lines.
Once you figure out where the property lines are divided, you can start creating a floor plan. To figure out what type of home addition you want, think about what areas of your home are currently lacking.
For example, if you like to host large dinner parties but don’t have a big kitchen table, you may want to add a dining room. Or, if you wish you could enjoy the sunshine a bit more, you may want to add a sunroom. If you’ve got plenty of unused backyard space, you may want to add a guesthouse or a mother-in-law suite.
Are You Ready to Add Value to Your Home?
Now that you know how to add value to your home, it’s time to get started on your home renovation projects. Even if you don’t plan on selling your home in the near future, these renovations can make your space more comfortable and luxurious.
Be sure to check back in with our blog for more home renovation tips and tricks.