As a property owner, increasing the value of your home has probably crossed your mind more than once. After all, who doesn’t love the idea of improving their home while creating more value? However, it’s much easier said than done as remodeling projects require a lot of time, research and investment. To better understand the best way to increase your home’s value, let’s cover what you should prioritize to help increase your return.
1. Kitchen
From creating a statement island, to adding in bold lighting fixtures, updating countertops, cabinets, and investing in some updated appliances, this is the top room every homeowner should consider prioritizing. Not only does it serve as a focal point of a home but homeowners can expect up to an 80% return on their kitchen remodel investment!
This means that although you can expect to put in a lot of work on the interior design budget, you can know with certainty that this will be worth it in the long run!
Remember, it’s important to realize that a future buyer can easily overlook an outdated guest bathroom, or even a bedroom. A kitchen that needs a lot of work, however, can be a deal breaker.
2. Open Floor Plans
Opening up a space and increasing natural light is a simple yet effective way to create value for your home. The last thing you want when it comes to selling is dark and cramped rooms.
Open concept living spaces are a fantastic way to create a flow, as well as make your home look and feel larger. Many potential buyers will also take into consideration how easy it will be to entertain guests, see their kids, watch the Super Bowl with their friends and cook, as a final purchase factor, as well.
Vaulted ceilings, knocking down walls, and creating indoor/outdoor living spaces that you can enjoy year-round is a great way to increase your home value.
3. Master Bathroom
Outdated bathrooms are a huge turn- off to buyers, as this is where the actual buyers, for the most part, start and end their days. So the more you prioritize updating your amenities by adding modern plumbing fixtures, upgrading your tile, thinking about handrails and safety features should that be your neighborhood demo, cabinets that look good and are functional, and having decorative and sufficient lighting, the better your return.
In fact, according to Zillow, one of the biggest remodeling projects are bathrooms as they see an increase of $1.71 in home value for every dollar you spend. Not ready for an overhaul? Consider making small improvements over time.
4. Curb Appeal
It’s absolutely essential to view your home in the eyes of a potential buyer. Having this perspective will help you change your approach by noticing the little details that will make a difference.
What condition is your landscaping in? Could your walkways use a good cleaning? What about your exterior lighting fixtures? In addition, house siding material is seeing a huge uptick in usage across America. It improves your home value visually and provides a much more durable coat of protection for your home’s exterior.
Curb appeal is all about incorporating ways to express vibrance and add longevity to your home, so get creative! Remember, buyers really do care about the small details of a home’s exterior, so ask yourself if you were looking to buy a home, would your home impress you?
Improve your Property Value with These Simple and Effective Remodeling Projects
It doesn’t cost an arm and a leg to improve the value of your home or property. By simply opting for projects that not only improve the aesthetic of your property but also add value in the form of durability or low-maintenance requirements, you can achieve the highest ROI for your projects. So what are you waiting for?
Remember, you don’t have to go at it alone either! Hiring an interior design expert is a great way to help you get the job done, while being conscious of your budget so you can stay on track.
About the Author
Skylar Ross is a contributor to the Innovative Materials blog. He is a content writer for the construction and home improvement industries with an interest in landscaping, outdoor remodeling, and interior design. Skylar is focused on educating homeowners, contractors, and architects on innovative materials and methods of construction that increase property value, improve sustainability, and create a warm and welcoming ambiance.
