Top 3 Home Renovation Ideas That Increase Property Value

If you’re thinking about selling your home in the next couple of years but are waiting to make a few adjustments that will increase your property value, you’re in the right place.

We’ve compiled a list of renovations you might want to consider doing to increase the overall value of your home while you wait for the right time to sell.

 

Landscaping

Return on Investment: 100%

Nothing beats giving your home some beautiful curb appeal. When someone sees your home for the first time, the first thing they see is the front of it – landscaping and all. It’s the first opportunity to impress the buyers. According to HGTV, you can recoup almost all of your spend on landscaping IF you do it right.

Homeowner tip: Adding a pop of color at the front of the house is an eye-catching plus. For maximum impact, use one color and vary the height of plants.

 

 

Kitchen Updates

Return on Investment: 60%-120%

The kitchen is the number one room in your house when it comes to valuation. “According to HGTV, you can expect to recoup 60%-120% of your investment on a kitchen remodel, as long as you don’t go overboard. You should never make your kitchen fancier than the rest of the house, or the neighborhood.” When you go overboard, you limit the amount of people who would be interested in buying your home. Every homeowner likes something different and if your home gives off the feeling that there isn’t much room for change, it could deter people from purchasing.

Homeowner tip: The best bang for your buck is to change up the paint in your kitchen. It’s a cost effective way to change the feel of an entire room. 

 

 

Bathroom Updates

Return on Investment: 80%-130%

Besides the kitchen, the bathroom is the second most important room in your house when it comes to valuation. If your home has only one bathroom and you have room for an additional one, this is a great area to invest your money. HGTV estimates that you can recoup 80%-130% of whatever you spend adding a bathroom. Think of unused spaces in your home that you might be able to turn into a bathroom – closet or underneath the stairs. If you don’t have additional space, do a mini-renovation of your current bathroom and include some upgrades.

Homeowner tip: Opt for a glass shower to make the space seem more open.

 

 

Of course, there will always be other things to consider when wanting to increase the value of your home but these are the three most important ones that will give you the highest return on investment. Other things to consider are attic bedroom conversions, deck additions, replacement windows and living room updates.

Keep your eyes on our blog for more homeowner tips. In the meantime, check out our latest listings if you’re thinking about buying a home!


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