If you’re thinking of renovating your home, you probably don’t just have aesthetics in mind. In all likelihood, your plans are prompted, in part, by the potential for increasing the value of your home.
A higher home value is definitely a worthy goal, but you’ll still want to proceed with caution; not all home renovations actually produce the higher values that homeowners desire. Play it safe and stick with these top home renovations.
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Stick With Minor Kitchen Remodels
If you’re thinking of changing up the look of your kitchen, consider whether you can scale back this project a bit. Often, modest changes have a dramatic impact without breaking the bank. Top options include:
Install under-cabinet lighting such as an LED strip.
- Add decorative lighting over the sink.
- Upgrade the tile backsplash.
- Apply a new coat of paint to tired cabinets.
- Try bamboo blinds or other trendy (yet affordable) window treatments.
- Make a statement with a bold faucet.
Not sure which kitchen updates deserve the most attention? Inspiration abounds on social media — especially if you browse visually-oriented platforms like Pinterest and Instagram. You can also find great ideas for budget-friendly yet impactful kitchen remodels when you browse home & garden magazines.
Try For An Open Concept
Open concept homes and apartments have been popular for some time now, to the point that this approach can no longer be thought of as a temporary trend. Many buyers include an open concept on their list of demands, as this layout can make even the smallest homes feel more spacious. This renovation takes a lot of work but can pay off both in terms of eventual appreciation and immediate livability.
Replace the Garage Door
On the hunt for a quick fix that will instantly boost curb appeal? Look no further than your garage door. This feature is often neglected, but it shouldn’t be — after all, it occupies a considerable portion of your home’s facade. Give it a fresh look with Craftsman-style doors or via trendy, high-contrast colors. When in doubt, your preferred garage doors should match the aesthetic of your home to create a cohesive final product.
Swap Carpeting for Hardwood
Hardwood might seem expensive, but it definitely boosts your home’s value compared to carpet. It also tends to be easier to maintain, so there’s no need to worry about accidental wine stains or muddy paw prints when the dog is let loose.
If hardwood isn’t an option, consider investing in one of today’s many excellent varieties of laminate flooring. These often mimic the look of hardwood but are more affordable to install.
Add a Deck or Patio
Outdoor living space is a big deal these days, with many aspiring homeowners refusing to even consider houses that lack decks, patios, or porches. Why not add these features so both you and future owners can spend more time in the great outdoors?
Decks and patios can be surprisingly easy and affordable to build, but their presence is guaranteed to add considerable value to your home. If you already have a deck or patio, be sure to freshen up this space, so potential buyers are excited to take advantage of it.
Invest in Smart Home Technology
Some renovations are primarily aesthetic in nature, but function-first technological upgrades are increasingly appreciated. Smart home technology, in particular, can have a significant impact on general convenience while also making your home more energy-efficient. These qualities matter to modern buyers, who will be happy to pay more for properties in which smart home technology has already been implemented.
Repaint the Walls
For good reason, a new coat of paint is a house flipper’s go-to tactic; this simple fix can make an otherwise stale home feel fresh. Take care when selecting colors for this project; you want something that feels contemporary but without the risk of it falling out of style in just a few years. Neutral walls are always a safe bet, particularly when your main objective involves hiding years’ worth of wear and tear.
As you strive to add value to your home, think carefully about which projects are most likely to pay off down the road — and whether you and your loved ones will enjoy any benefits from these upgrades in the meantime. While it’s impossible to guarantee that a particular renovation will add value, certain projects are more likely to pay off than others. Do your research, and you’ll be well-rewarded in months and years to come.
