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Six Best Renovations to Add Value to Your Home

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Education & Training with Property Investment Wise

When you buy a house, it may not have everything you need or want to truly conform to your lifestyle. However, the one positive about buying a home is that you can alter it to fit your needs or desires. What are some renovation projects that can make your home more suited to your needs while also helping to increase its market value?

 

Source: Pixabay.com

Finish Your Attic or Basement

Finishing the basement or attic is among the best home renovations that you can make if you are thinking about adding living space without increasing the size of the home. A finished basement can make a great dorm room for the teenager in your family or make a great place to entertain when friends or family come over. A finished attic can double as a storage area or as an extra bedroom or play space for the kids.

 

Source: Tim Zim/flickr.com

 

Give the Garage and Backyard Shed a New Look

The outside of your home matters when it comes to improving its value. This is especially true if you have a smaller home or one that lacks natural storage space. A fresh coat of paint or a new floor can turn a boring or rundown storage area into a space that really shines. When you design and decorate your garden shed correctly, it could be transformed into a home office or a workshop for those who like to work with their hands.

 

Source: Pixabay.com

 

Update Your Kitchen

The kitchen is the hub of your home, and it is where you will spend most of your time entertaining guests or preparing those large family meals on Sunday night or during the holiday season. Therefore, a new oven or new light fixtures can make having family and friends over for dinner both fun and easy to manage.

Tearing down walls to create an open floor plan means that you can go to the kitchen for a drink or snack without having to miss out on a conversation or miss a play of the big game. You may also want to consider adding a door to your backyard or a door that leads to your deck or patio. This makes it easier to keep an eye on the kids or to contain foot traffic to one part of the house.

 

Source: Pixabay.com

 

Add Some Flair to Your Bathroom

The bathroom is another focal point of your house and should be treated as such. Simple changes such as a new coat of paint, a new vanity or new flooring can help turn it into a space that you are proud to showcase. The shower and tub are some of the best things to renovate in a house because you can easily and affordably turn a drab space into a place where you can't wait to relax after a long day of work or school. Adding heated floors or new frosted glass windows for privacy may also help to make your bathroom one of your favorite places in the home.

 

Source: Pixabay.com

 

Look for Ways to Make the Home Energy Efficient

Looking for ways to make your home energy efficient is the best way to renovate a house when you have a tight budget. Spending $500 on new windows or less than $100 on new LED lights can help regulate the temperature in your home and cut down on the number of bulbs that you need to brighten your home at night.

You may also want to look into insulating your attic or other areas of your home that may experience drafts or other air leaks. In some cases, a new coat of paint for the exterior of your home can help protect it against the elements, which means less money is spent heating or cooling your home.

 

Source: Pixabay.com

 

Consider Adding a Deck or Enclosed Patio

If your home doesn't have one at the moment, adding a deck or patio could make your home more valuable and more appealing to potential buyers. There is nothing better than having a place to sit outside and enjoy a drink on a Saturday evening while you have a good conversation with your spouse or friend.

An enclosed patio can help you enjoy the outdoors without actually having to go outside, which may be perfect for those who don't like the heat or don't want to battle the bugs. Enclosed patios may also make a perfect play area for children or a great spot for the family pet to watch the birds or other animals from a safe distance.

 

Final Thought

As a homeowner, you want to do everything in your power to maximize its value on the open market. Even if you are on a tight budget, adding a coat of paint or changing out the lights could yield a solid return on your investment. For those who may not be able to do a certain renovation project on their own, there are a large number of professionals who may be willing to do the work for a reasonable fee.

Posted by

Joe McCord works at REAA.

Comments(2)

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Barbara Todaro
Keller Williams Elite - Franklin, MA
"connecting land with builders"

Good morning, Joe McCord I love all six of your suggested improvements.... I never thought of improving the interior of my shed...that may be the next project....

Aug 30, 2016 07:44 PM
Garreth Wilcock
Sherlock Homes Frisco - Frisco, TX
Sherlock Homes Frisco

Great tips, Joe! Surely these are nice renovations and will do add value to a house! Nice post! All the best!

Sep 01, 2016 10:52 PM