16 Strategic Home Renovations for Value Increase
If you’re a homeowner, home decorating enthusiast, or an avid DIYer, you’re surely aware that strategic home renovations not only satisfy a craving for a fresh, new look, but can also significantly increase the value of your home. Here we spotlight 16 smart renovation projects that are sure both to delight your DIY spirit and deliver a fantastic return on investment.
1. Kitchen Remodel
A well-executed kitchen remodel can recoup roughly 80% of its cost in home value – not surprising given the kitchen often is referred to as the heart of the home! Consider replacing old appliances with energy-efficient models, installing new countertops, or adding a splashback for a modern, sleek look.
2. Bathroom Addition
A home with only one bathroom can see a significant value increase by adding another. To make effective use of your space, consider a suite in the master bedroom or converting underused spaces into a stylish powder room.
3. Energy-Efficient Windows
Energy Star-rated windows not only lower your home’s energy bill but can earn you a green energy tax credit. Plus, they’re a significant improvement that potential homebuyers look for.
4. Remodelling the Basement (or Loft)
Creating an additional living space in your home can be a great investment. Whether it’s a game room, cinema room or a guest suite, it’s a sure way of increasing your property value.
5. Reinventing a Room
Instead of adding an additional room, why not reinvent a current one? Small alterations like adding a wall, changing the room’s purpose, or simply redecorating can have a big impact.
6. Adding a Deck
Outdoor living spaces have become more desirable. If your property size allows it, consider adding a well-designed deck to enhance that al fresco experience.
7. Basic Home Maintenance
Never underestimate the power of fresh paint, clean carpets, and the absence of leaks! Good maintenance is always an excellent investment.
8. Attic Bedroom Conversion
An attic doesn’t have to be a dark and dingy place for boxes alone. Converting your attic to a bedroom can add significant value to your home.
9. Garage Door Replacement
While it may seem minor, a garage door upgrade can significantly enhance curb appeal.
10. Landscaping
Beautiful landscaping makes a great first impression and gives your property an instant value boost.
11. Double Glazing
This energy-saving enhancement is appreciated by homeowners for its function and potential buyers for its appeal.
12. Solar Panels
Becoming increasingly popular, solar panels reduce energy costs and could increase your home’s value by up to 4%.
13. Central Heating
Adding or updating the central heating system will always add more value than it costs.
14. Garden Makeover
Well-executed garden design makes a wonderful addition to any home. Consider adding practical and attractive outdoor features such as a pergola, patio, or fire pit.
15. Open-Plan Living
Open-plan living spaces are hugely popular. If your layout allows it, removing unnecessary walls could significantly increase your property’s value.
16. Front Door Refresh
Finally, don’t overlook the front door. It’s the first thing visitors see, and a good impression here leads to better things inside!
These strategic home renovations are a remarkable way to combine your love of home decoration and DIY projects while significantly increasing the value of your home. Always remember, thoughtful planning, budgeting, and time dedication are essential to carry off successful renovations without a hitch. Enjoy the satisfaction of your DIY success and the increased home value that comes with it!
