Are you thinking about remodeling your home to prepare it to hit the market? Or do you just want to make some updates you can enjoy while adding value? Renovations have the potential to positively impact how much your home is worth.
There are value-adding projects at every budget. It’s essential to make updates that are neutral to appeal to many tastes to get the most bang for your buck. Focus on making changes that you can enjoy, but will also attract potential home buyers.
From removing walls to floor renovations, there are both big and small projects that can improve your home’s aesthetics. Making both visual and functional improvements can increase the potential market price of your property. Here are five ways to remodel your home and increase its value.
1. Create a Seamless Feel With Flooring To Increase Home Value
One of the biggest impacts you can make is a full floor remodel. Updating floors can change the entire look of your home. You can add value by using high-quality materials with a timeless look.
Flooring that isn’t consistent from room to room makes the flow of your space feel choppy and awkward. Create a seamless flow by choosing to use the same flooring throughout the whole floor, if not your entire home. The consistency will make your space feel much bigger and more finished.
Look for flooring materials that stand the test of time both in looks and durability. A beautiful, neutral floor will increase both the value of your home and your enjoyment of the space. Tones of grey and brown are classic hues that will be relevant for years to come.
Replacing floors is a significant investment, and you want to make sure they look beautiful well into the future. Durable materials like composite, bamboo and high-quality laminate can take a beating and still look great. Classic materials like tile and wood are also good long-lasting choices. Look for a material that has an impressive warranty term that’s transferrable for added value.
2. Give Your Space and Airy Feel
Bright and open floor plans are often more desirable to buyers. It makes a space feel grander and more modern. And it offers more decor options.
Consider opening up your space by removing a wall. Even eliminating a small wall can make a big difference in the feel of the room. Consult with a contractor to see what your options are. You can often still remove a load-bearing wall by adding structural support.
Another option to open up your space is by adding natural light. Look for dark areas or expanses of walls where adding a window could make a big impact. Letting in outdoor light makes a space feel larger and completely change the mood. Not only does it impact the inside of the home, but it adds curb appeal and interest to the exterior as well.
3. Update with Lighting To Increase Value
Lighting is a super cost-effective way to update and add value to your home. The right lighting can perfectly illuminate a space, making it feel bigger and more welcoming. And adding built-in light fixtures is an inexpensive way to make your home more custom. It can also make your home more energy-efficient.
Ceiling fixtures are a perfect way to draw the eye up and flood a room with light. Choose high-quality designs that are neutral and fit the space. Look for fixtures that brighten the room with a design that fits the function of the space.
Adding dimmable recessed light to your kitchen, bathrooms, and living spaces can make a huge difference. They will give you the option to set a cozy mood or fully brighten the space. And having them installed seamlessly in the ceiling creates and timeless, polished look. Homebuyers love the idea of convenient lighting already built-in.
By choosing energy-efficient lighting, you can add value to your home and make it more eco-friendly. Reduced energy costs are appealing to buyers. Consider adding smart light switches to create a full, updated smart lighting system.
4. Add Luxury to Your Bathroom To Increase It’s Selling Potential
One of the best places to add value to your home is the bathroom. Consider updating your existing bathroom or expanding it to create a larger space. Regardless of the size of your remodel, an updated bathroom is appealing to buyers.
Removing walls to make your bathroom more spacious may not be an option for your layout. But there are many ways to make your existing space more spa-like. Consider improvements that you would enjoy while keeping in mind the preferences of potential buyers in the future.
Cosmetic changes like an updated vanity or light fixtures make a big difference in the feel of your space. A high-quality countertop can make your bathroom feel polished and luxurious. Keeping colors and materials clean and neutral will make the color scheme appealing long term.
Functional changes are more investment. But they have the potential to make a significant impact. Consider upgrading a standard bathtub to a Jacuzzi or soaking tub. Or add a steam shower with a built-in seat.
If you have the ability to expand the bathroom, you have the option to make more extensive changes. Think about adding a double sink or vanity for more flexibility. Or building a water closet to make the room more functional and private.
5. Make Your Kitchen Beautiful and Functional To Increase Home Value
So much of your time is spent in the kitchen cooking and entertaining. And improving it happens to be the best way to add value to a house. The trick is balancing form and function.
The flow of the kitchen is essential. Ease of movement makes the space more accommodating to food prep and socializing. Consider restructuring the layout of your kitchen. You want the path from work surfaces, sink, fridge, and cooking surfaces to feel natural.
Updating countertops and cabinets can be a huge transformation. Look for sturdy and neutral materials that are both durable and beautiful. A coordinating backsplash is a great upgrade that brings the look together.
Appliances can be a huge investment, but also an impactful selling point. Consider upgrading appliances to make your kitchen more functional and appealing. Look for energy-efficient options for cost savings and to appeal to eco-minded buyers in the future.
A Great Looking Home Sells Well
You may plan to stay in your home for years to come or put in on the market in the spring. Renovations can be a smart investment either way. You’re increasing your equity in the property and setting yourself up to fetch a higher price when you sell.
Once you decide the scope of your project, balance transforming it into something you love but will also be attractive to buyers. You want to enjoy your home but be proactive in making it marketable. And you’ll have the satisfaction of knowing that you’ve increased the value while adding beauty to your home.