10 Home Renovations that Increase Your Home’s Value Overnight
Looking for a way to improve the curb appeal of your home and increase its value? Whether you plan on listing your home this year or just adding some value as you go along, here are ten home renovations that can increase your home’s value overnight.
A kitchen transformation can greatly increase the value of your home. Adding in new kitchen countertops, more functional space, a beautifully-tiled island, overhead racks, and modern cabinets can improve the overall design of your home. Considering the kitchen is where people spend most of the time, it’s one area of your home that is worth investing in.
Does your bathroom still have 1990’s style tile and fixtures? If so, then it’s time for an overhaul. By simply changing the vanity, replacing the tiles, and updating the toilet and shower design, you can give your bathroom a fresh new look. In fact, the return on investment in a bathroom reno is decent, and even the simplest upgrades can provide more value.
The flooring in your home is one element you can’t ignore. It’s also the one thing that people notice as soon as they enter your home. So if your current flooring is outdated, scratched, or stained, then you can bet it’s going to impact the value of your home. New flooring can give you some real bang for your buck. With all the new materials out there today, you don’t have to spend a lot of money to transform the entire look of your home. Faux wood and stone laminate look just like the real thing but at half the cost, which means you get a nice ROI when you go this route.
Energy Efficient Windows and Doors
By switching to energy efficient window and door designs, you can increase your home’s value overnight. Plus, you’ll get enhanced comfort, lower energy bills, and heightened security with the newer models on the market today. Home buyers prefer purchasing a home that already has energy-saving fixtures installed because they can reap the instant benefits without having to spend money upgrading them. Replacing your windows and doors is a sure way to attract more buyers and quickly improve the aesthetics of your home.
Finishing the Basement
As soon as you add more space to your home, you get a boost in value. One place that is easy to renovate is the basement. There are plenty of things you can do with a finished basement — use it as a fitness room, dance studio, kids playroom, office, or even another living space that you could rent out.
An old, cracked, and faded deck is not only an eyesore, but it can also reduce the value of your home. You might think it doesn’t weigh heavily on your property’s worth because it’s hidden in the back, but a buyer who loves entertaining will consider this an important aspect of the home. By replacing an old deck with a new one, you can transform your entire backyard.
Although landscaping is a personal preference, a well-landscaped home will be worth more than a home with an unkempt and unsightly yard. If your home exterior has been neglected, now’s the time to add some simple features that won’t break the bank. We’re not talking about adding a gazebo, but rather a basic garden space with some flowers, some stone interlock, and a nice seating area on the patio can make a big impact without costing you an arm and a leg.
Energy Efficient Fixtures
The older your appliances and fixtures are, the more money they will end up costing you in the long run. Installing new energy efficient appliances in your kitchen, laundry room, and bathroom can also improve the look of your home and attract more buyers. The main ones that make the most difference are the dishwasher, laundry machines, and a fridge and freezer. When purchasing, look for the ENERGY STAR® logo as these are guaranteed to reduce your bills and save you money.
Insulation isn’t usually on the top of most people’s renovation lists. However, it has one of the greatest returns on investment. Poor insulation in your walls and attic will allow your home to lose heat and force your HVAC system to work harder than it should. Thanks to the low cost of installation, you can get a return of over 100% when you install newer insulation throughout your home.
Dingy, cracked, or faded siding can turn your beautiful home into an ugly one. Considering the exterior is the first and last thing people see, it’s worth the money to improve it every few years. With all the latest advancements on the market today, you can get the style and colour you’ve been dreaming of for a fraction of the price it would have cost you a decade ago.
Our team at RenosGroup are experts at home renovations that can increase your home’s value overnight. When you’re looking to give your home a facelift, we can help provide the advice you need to get the most value for your reno. Don’t hesitate to contact us, or give us a call at (613)727-9427