Renovations: How to Add Value and Appeal to Your Home
Transform your home's potential with thoughtful renovations. Discover how to enhance its beauty, functionality and value for years to come.
As a homeowner, you’re constantly looking for ways to improve your living space and increase its value. Whether you’re planning to sell your home in the future or simply want to enhance its beauty and functionality, renovations can be a great way to achieve your goals.
We understand the importance of a well-planned renovation and its impact on your home’s value. Here are some tips and tricks to keep in mind should you be tackling any home renovations in the future to add some curb appeal and increase your property’s overall value.
Enhancing Your Home’s Exterior
When it comes to selling your home, the first and possibly most important place to start a renovation is to the exterior. Curb appeal plays a significant role in attracting potential buyers. In fact, 97% of realtors believe curb appeal is one of the most important aspects of attracting a buyer.
By enhancing your home’s exterior, you can create a first impression that sets your home apart from the competition. Some effective and aesthetic ways to boost your home’s curb appeal include:
- Add outdoor lighting: Adding some light fixtures like low-voltage spotlights, solar stakes, or LED lights around the outside of your home will help its best features shine and create a welcoming ambiance.
- Enhance your landscaping: Boost your home’s curb appeal with well-manicured gardens, fresh mulch and strategically placed flowers and shrubs. Consider adding a statement piece, like a large planter or a decorative trellis, to draw the eye to your front entrance.
- Replace your garage door: A new garage door can greatly enhance your home’s curb appeal, and many realtors consider it a valuable upgrade. Choose a style that complements your home’s architecture and adds visual interest.
- Apply a fresh coat of paint: Elevate your home’s exterior with a cohesive color scheme that ties together your siding, trim, shutters and accents. This will create a polished and well-maintained look that appeals to potential buyers.
- Power wash your siding, walkways, and driveway: A good power wash will give your home a clean and refreshed look, making it more attractive to potential buyers, by removing dirt, grime and mildew that can detract from your home’s appearance.
Investing in Key Renovations
When it comes to boosting your home’s value and appeal, some renovations stand out from the rest. The kitchen and bathroom are among the most worthwhile home improvements. According to Houzz’s 2024 Home Study on Renovation Trends kitchen and bathroom renovations are the top two most popular renovation projects, with 29% and 26% of homeowners planning to renovate these areas, respectively.
These renovations can pay dividends and enhance the overall aesthetic appeal of your home. By upgrading your kitchen with new appliances like a refrigerator or dishwasher, redoing countertops with sought-after materials like granite, quartz and marble or installing new cabinet hardware (or new cabinets altogether), you can create a cooking space most buyers will love. Bathroom updates like new flooring or additional counter space can give the room a more spa-like feeling.
These home improvements can be costly, but the investment can add significant value to your home. Make sure to research and plan a budget to ensure these projects stay within your means.
Maximizing Your ROI
When investing in home renovations, it’s important to recognize that not all projects are created equal, and some may yield significantly higher returns than others. To make sure your home upgrades are getting real value, it’s crucial to strike a balance between enhancing your living space and maximizing your return on investment (ROI).
Some renovation projects, like a swimming pool, sunroom, or lavish in-house theater, may look nice but often come with a high price tag and minimal return, potentially recouping less than half of their cost at resale. Instead, consider upgrades that offer specific advantages.
For example, energy-efficient improvements like new windows or solar panels can provide long-term savings and may be eligible for tax credits. Disability-accessible renovations, such as wheelchair ramps or walk-in tubs, can enhance your home’s value and qualify for tax deductions.
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By prioritizing practical, efficient upgrades, you can increase your home’s value and get the highest returns when it comes time to sell.
If your renovation plans are preceding a move, know it’s never too early to contact a moving company! Hilldrup offers customizable, partial or full-service packing and crating to make your move as stress-free as possible. Schedule a free quote today!
