Home renovations can certainly be expensive. That’s why you need to be aware of which ones are really worth the money and effort. Here is a list of a few home renovations that are going to give you the biggest bang for your buck.
When it comes to real estate, the truth is that looks do matter – a whole lot. Of course, it’s important to have the essentials all fixed up and in order. Nobody wants a beautiful house without insulation, after all! But you would be surprised just how much of a difference eye candy can be. Improving the exterior of a house (both in a practical and a cosmetic sense) can make a serious difference to the home’s curb appeal. Look particularly for issues with the roof, windows, door, porch, and paint job. Just because something may be good enough for you doesn’t mean it’ll be good enough for a buyer!
The kitchen is a part of any house that is practically guaranteed to be used every day. Keeping your kitchen updated can do a whole lot for the value of a property. If you do a kitchen renovation right, it can add 20% to your home value. Cleanliness especially is important, since so many kitchens can become filthy so quickly. Look into maybe redoing your kitchen’s tiles, countertops, cabinets, and appliances. Make everything match a certain aesthetic. Minimalism with a white color palette is a popular choice, although you can choose whatever will match the rest of your house the best.
Add Practical Square Footage
As big of an ordeal as adding rooms can be in a home, that’s where you’re going to get the highest ROI possible for property renovations. Rather than simply adding an empty room to be used as storage or office space, try to add rooms with functionality. This might include a new bedroom, bathroom, kitchen, or basement. Take into account the cost of demolition and construction, since it will not be cheap. Make sure you have the proper real estate space to carry out such a venture.
If done right, renovations can be a great financial support for you. It can increase the overall value of your home by quite a bit if done right. But be careful! Doing the wrong renovations can actually lower the price of your home (not to mention doing the right renovations in an incorrect manner). Make sure to research thoroughly as you plan.