Do you plan to sell your home in the future? We’re sure you’ll want the most money for it—fortunately, there are a variety of changes you can make to your property to raise its listing price. Below, we highlight seven home renovations that increase resale value.
Add or Modernize Bathrooms
Some people believe bathroom remodeling is expensive, but it doesn’t have to be. In fact, adding another bathroom—or two or three—to your home can seriously boost the house’s value, especially if you currently only have one full bath. Trust us, your hard work will pay for itself.
Furthermore, the bathrooms in any home receive a lot of traffic, so keeping them updated is important. After you install new fixtures, swap out your floor tiles, and change the color scheme, you’re sure to notice an increase in interested homebuyers.
Build a Deck, Patio, or Porch
Whether you choose to hire a contractor or complete the work yourself, an outdoor addition will look appealing to prospective buyers. Most homeowners desire outdoor space for entertainment and relaxation, so they’ll love seeing that the work is already done for them. While a new deck, patio, or porch can be costly, they’ll cause your home’s value to skyrocket. Create the backyard everybody dreams of, and your house should sell in no time.
Finish Your Basement
A finished basement is a comfortable space that incoming families can use for just about any purpose: they can turn it into an office, a home gym, or a guest suite. If your basement hasn’t been finished yet, you may want to prioritize this renovation—finishing a basement can be expensive, but you’ll instantly recoup your renovation costs.
Install New Garage Doors
Homeowners often don’t think to replace their garage doors, but new ones can have a significant return on investment. Upgraded garage doors increase curb appeal and improve insulation. Additionally, if you repair your current garage doors, you’ll save the new homeowners from frustrating malfunctions in the future.
Renovate Your Attic
You might think your attic serves little purpose, but it can be a useful space for somebody else—for example, they can convert it into a bedroom or playroom. Attic renovations offer a host of benefits aside from dramatically boosting your home’s value, so don’t be afraid to consider an attic remodeling project.
Upgrade Your Master Suite
Potential homebuyers may steer clear if they noticed an outdated master bedroom. Thus, you should consider the luxurious features that future buyers may want—such as a spacious bathroom, skylights, and walk-in closets—and then make their wishes come true.
Update Your Kitchen
It’s no secret that one of the best home renovations for instantly increasing resale value is a reimagined kitchen. Every homeowner wants a functional kitchen, so if yours is currently in rough shape, consider renovating it before you put your home on the market. You don’t have to complete an extensive remodeling project; you can simply refurbish the cabinets, replace your appliances with energy-efficient models, or install new countertops. Even if major repairs are necessary, you should still get back a decent amount of money for your efforts.