Home remodels can be a bit of a headache, but they can be well worth it in the long run. Done right, renovation projects can go a long way to increase the value of your home. If you plan to sell, these five projects can yield a nice return on investment.
For several reasons, switching to green energy like solar power is a great investment to your current home and its potential future owners. First, it can reduce or eliminate your energy bills and dependence on the traditional grid. With technology like solar generators, you’re guaranteed to have power even during outages. This makes solar panels attractive to potential buyers and can significantly increase your home’s value.
Invest in Outdoor Spaces
Outdoor spaces are another area that can add a lot of value to a home. When done right, they can add a lot of curb appeal, which helps attract buyers and can drive up offer prices.
Outdoor spaces are usually a solid investment because they’re multi-functional: one buyer may see space for their dog or children to play, while another sees a great space to host a cookout. You can avoid the pitfall of making niche investments that may not have a good return. Outdoor improvements also don’t have to cost much money and are often simple enough for most homeowners to do on their own.
Create More Counterspace
Everyone likes more counter space – but the catch is that it has to be useable space. When expanding your kitchen, be sure to do so in a way that flows. Try to avoid counters being interrupted by walls or too many appliances.
Depending on the shape of your space, one easy way to add more counter – and storage! – space is to add in an island. Many islands also have bar seating to create a nice breakfast nook.
Add Additional Bathrooms
Bathrooms are always one of the first features that buyers look at in a potential house. Houses are usually advertised with their number of bedrooms and bathrooms. If you have the space and capital, adding additional bathrooms can significantly raise the value of your home. Both full and half bathrooms have a great return on investment.
Go Big and Bold with Showers
Regarding bathrooms, renovated showers can be a big selling point for potential buyers. When it comes to showers, the bigger the better. Current trends include large enclosure showers, glass walls, tile in bold colors or shapes, and overhead rain showerheads.
Built-ins are another popular add-in. This includes built-in and tiled benches and plenty of shelves for storage. Consider choosing a bold or exciting finish for the metal components, like matte black or burnished bronze.
There are many ways to increase your home value. Certain renovation projects may yield higher returns than others, especially installing solar panels and improving outdoor spaces. Other projects like expanding the kitchen and counter space, adding bathrooms, and renovating the shower can also be popular selling points.