Even if a renovation project is more for your peace of mind than anything else, it’s still worthwhile to consider its return on investment.
Here are 10 remodels likely to boost the value of a home.
- New front door: A new front door is relatively inexpensive, but boosts curb appeal for your home, especially if you choose to paint it in an accent color.
- Front yard makeover: Another way to add curb appeal is to give the front yard a facelift. Edge the lawn, refresh landscaping by adding flowers and trim any overgrown bushes.
- Finish attic or basement: Adding another bedroom or otherwise usable space definitely adds value to your home. Finishing an existing room also involves less construction and cost than an outright addition.
- Deck or patio addition: Another way to gain more usable space is to add on a deck or patio. It’s less expensive than an indoor addition and provides space for entertaining that buyers look for.
- Modernize: Remove old wallpaper, wood paneling and popcorn ceilings. A modern home will yield a modern price.
- Update plumbing: Often overlooked, an up-to-date plumbing system is something appraisers look for.
- Kitchen upgrade: Replacing existing appliances with modern, stainless steel ones adds value to the home as the kitchen is the first thing many buyers look at. But simply adding a pot rack, an island or a coat of stain on the cabinets adds value as well.
- Go green: Try a water-saving washer, or energy-efficient light bulbs and heating and air systems. It’s an initial investment, but will save you money over time if you plan to stay in the home, while also being attractive to buyers.
- Bathroom upgrade: Bathrooms can make or break the deal for buyers. Luxuries such as spa-like faucets, heated floors and granite countertops can seal the deal.
- Light fixtures: Installing new light fixtures are an easy and low-cost way to brighten up a space. Simply adding dimmer switches is even easier and can transform the ambience of the room.
Hannah Herner is a contributing writer. Feedback welcome at gbishop@cityscenemediagroup.com.
