5 Remodeling Projects That Will Significantly Increase Your Home’s Value

Posted by Helene McQuaide on 6th July 2016

The best remodeling projects not only make you happy,theyalso increase the value of your home.

Circumstances can change quickly. You may plan to live in your home forever – and then receive an amazing job offer that’s just too tempting to turn down, even if it requires a cross-country move. Focusing on valuewhen you begin a remodeling project will help you ensure that you get the best price for your home if and when you eventually decide to sell it. These five remodeling projects offer an excellent return on your investment.

Kitchen Remodels

Your kitchen may be perfectly functional and attractive, but if it doesn’t reflect the latest trends, buyers will only see a costly gut job when they walk through the room. A modern, up-to-date kitchen is particularly important if you own an upscale home. When buyers see a hefty price tag, they expect perfection in every area of your home. A dated kitchen can cause house hunters to question if other parts of your home have been neglected.

Projects to add new cabinets, countertops, flooring, fixtures or appliances all offer an excellent ROI. Even relatively small changes, such as adding an island to the kitchen, can pay off when it’s time to sell your home. Today’s kitchens emphasize clean lines and take advantage of technology to offer built-in charging stations for phones and iPads, hands-free faucets, built-in coffee makers activated by your smartphone and smart refrigerators that feature small digital screens for web browsing.

Bathroom Renovations

Homebuyers are willing to pay more for houses that feature updated kitchens and bathrooms.The ultimate bathroom is large and luxurious and features thoughtful touches, like double sinks, bidets, large soaking tubs, heated towel racks and plenty of stylish storage options for toiletries and towels.

Technology is just as important in the bathroom as it is in the kitchen. If you plan to renovate your bathroom, consider adding a few features that will really make it stand out, such as a refrigerated medicine cabinet or a high-tech steam shower that allows you to control temperature and water pressure.

Additions

If you think your house is too small, chances are a future buyer will think the same thing. An addition not only increases your enjoyment of your home, but also boosts its value. According to Remodeling’s Cost vs. Value 2016 report, master suite, bathroom or family room additions offer an ROI that ranges from 57 to 64 percent.

Floor Plan Changes

Tweaking your floor plan is a simple way to add value to your home, particularly if nearby homes feature open floor plans. Taking down a wall between your kitchen and family room opens up the space and makes it easy to enjoy the views andto be part of the conversation. Floor plan modifications also improve flow and enhance the aesthetic appeal of your home, as long as the spaces integrate seamlessly.

Enhanced Curb Appeal and Outdoor Spaces

Time and exposure to the elements can make any home lose its luster. Making improvements to your outdoor spaces is an excellent way to make sure the exterior of your home reflects the interior. Replacing siding and walkways and adding trees, shrubbery and flower beds will boost curb appeal and make your home seem inviting.

Consider making a few improvements to your backyard, such as expanding your patio or deck and adding landscaping, fencing and other features to enhance privacy. A luxurious outdoor space with an outdoor kitchen, ample seating area, fire pit, outdoor television and other features expands your living space and increases the value of your home.

Home remodeling projects are costly. It only makes sense to choose the types of projects that will not only improve the appearance or function of your home, but also generate the best return on your investment. If you’re contemplating a home remodeling project in South Hills or the surrounding area, contact us to learn how we can help you transform your home.

Sources:

This Old House: Top Five Bath Trends http://www.thisoldhouse.com/toh/photos/0,,1634963_1392456,00.html

Fortune: Ordinary Home Appliances Are About to Get Really Sexy http://fortune.com/2016/01/06/home-appliances-ces-2016/

CBS Money Watch: What Wealthy Buyers Want in a Homehttp://www.cbsnews.com/news/what-wealthy-buyers-want-in-a-home/

HGTV: Which Home Improvements Pay Off? http://www.hgtv.com/design/decorating/clean-and-organize/which-home-improvements-pay-off

Remodeling: 2016 Cost Vs. Value Report http://www.remodeling.hw.net/cost-vs-value/2016/

U.S. News and World Report Money: Which Home Remodeling Projects Are Worth Your Money?http://money.usnews.com/money/personal-finance/articles/2014/03/06/which-home-remodeling-projects-are-worth-your-money