A Kitchen Remodel
The kitchen is a central focus of the home, so it’s essential that appliances are up to date and that the space feels modern and luxurious. While you aren’t supposed to make your kitchen fancier than the rest of your home, you’re likely to recoup all investments on appliances, countertops, or even more minor renovations such as switching out the faucets. If you’re looking for a quick and rather inexpensive fix, a fresh coat of paint can do wonders, just make sure to use the proper paint remover before applying new paint.
Add Energy Efficient Appliances
Energy star rated appliances are great for attracting home buyers since buyers know that these appliances are likely to save them money in the long run. Energy-efficient windows are also a great upgrade, as you can show homebuyers where they’ll save money on heating and cooling.
Add Another bathroom
If you have a one bathroom home, you’ll benefit greatly by adding another bathroom (even a half-bath) on the first floor. You can probably find an underutilized space that can be a great place to start, and this project can be as pricey as you’re comfortable with.
Add an Outdoor Deck
An outdoor deck will increase the value of your home by increasing the amount of living space as well as giving buyers a place to entertain outdoors. The deck will make your backyard automatically more appealing, and you can even consider adding an outdoor kitchen that’ll attract buyers who enjoy entertaining outdoors.
Finish the Basement
Finishing the basement adds square footage of liveable space to your home, instantly increasing its value. If you have a large unused space, finishing it could put your house into a higher price bracket. The price of this investment will depend on square footage, but you can expect nearly a 70% return on investment.
Make an Open Floor Plan
A spacious open layout is a great way to attract home buyers. Incorporating an open floor plan that brings in natural light will make the space feel more luxurious instantly. Opening up the kitchen to a living room or outdoor entertaining area is a great and relatively inexpensive remodel to consider.
Aging in Place Renovations
Aging in place renovations are definitely something to consider if you live in a neighborhood that is conducive to families and older living. Additions such as a handrail, first-floor bedroom, or a shower with a seat can add great value.
Swap out Fixtures
It may not seem like it would make a large impact, but new faucets, knobs, and pulls can give the room an instant upgrade. Whether you go with nickel or an oiled bronze, you can make the space instantly feel modern and trendy.
Install or Refinish Hardwood Floors
Experts say that refinishing hardwood floors will recover 100% of the cost. Pulling out carpets in favor of shiny new engineered hardwood flooring is money well spent.
Guest article written by:
Matt Lee is the owner of the Innovative Building Materials blog and a content writer for the building materials industry. He is focused on helping fellow homeowners, contractors, and architects discover materials and methods of construction that save money, improve energy efficiency, and increase property value.