SUMMER HOUSE BLOG
Renovation Ideas to Increase Your Home’s Value
Renovating your home can make it more enjoyable for you and increase your home’s value! If you are interested in increasing your home’s value and don’t know where to start, we are here to help. We have compiled a list of renovations and improvements that can increase the value of your home!
- The first impression of a house is made before they even enter the home. Taking the time to landscape your lawn and ensuring it is well-maintained can help improve the buyers’ interest in the home. Just like with interior design trends, landscaping trends come and go. Choosing trendy features or something you enjoy may not give the best return on investment (ROI) when it comes to increasing your home value. Take the time to consider if a home buyer will want to maintain the landscaping you add and does it actually increase or decrease value. A family with children may not want to maintain a koi pond you installed due to maintenance and hazard risks. The gazebo may take up too much space for a buyer that wants to enjoy the yard.
- The kitchen is one of the most popular rooms in the home, so it is no surprise that renovating this room is a great investment. Updating the kitchen does not mean turning it into a top-of-the-line professional kitchen. Installing midrange fixtures is shown to have a better ROI than installing all-new luxury appliances. Updating the cabinets or countertops, changing out the light fixtures and other smaller adjustments can give you a better return than a total remodel.
- According to the NAR 2022 Remodeling Impact report, 61% of homeowners report having an increased sense of joy after completing a bathroom remodel. Replacing worn-out items, modernizing features, and making things more functional can increase the value of your home. Having enough counter space and two sinks, replacing the floor, and removing the tub are great ways to improve this space. Large walk-in showers are not only on trend but also create a more accessible space for people in different seasons of life.
- Not only are energy-efficient upgrades good for the environment, but they can also be good for the buyer’s pockets as well. These upgrades can reduce utility bills and maintenance costs. New windows can improve the look of the home in addition to saving energy. According to the Department of Energy, new windows can lower your energy bill by 12 percent. Replacing your HVAC system can be costly, but offers a great ROI. Most HVAC units need to be replaced every 10 – 15 years, so a new or inspected system can boost buy confidence and home value.
- Not all home buyers are built the same and not all homes are built for all home buyers. Choosing to make your home more accessible and functional can introduce your house to more buyers. Ensuring a bedroom and bathroom are on the ground level, widening doorways and hallways, and walk-in showers with seats are ways to renovate so that the new wonders can enjoy the home in all seasons of life.
- Did your kid choose to paint their walls a color only a middle scholar could love? Or did you try out a trend that is already outdated? Then painting may be a cost-efficient way to increase home value. Not only does this make the home look fresh for the buyer, but a neutral coat of paint also allows them to picture themselves in the space.