There are two ways to think about remodeling projects that will increase your home’s value:
- Major remodels – tackling one or two big projects.
- Small fixes – making multiple minor upgrades.
Depending on your budget and timeline, one approach may be better for you than the other.
For instance, if you have an unfinished basement, you might have always dreamed of refinishing it. Now that you’re considering selling, you may think a finished basement would be a big selling point. But is that the right project to tackle before listing your home?
On the other hand, you may want to spend as little as possible while maximizing your home’s value. In that case, simple updates like sprucing up kitchen cabinets or repainting the house might be a better option.
Focus on High-Impact Areas
Rather than trying to renovate every part of your home, concentrate on key areas that yield the best return on investment (ROI).
Kitchen Upgrades
- Minor Remodels: Instead of a full renovation, update key elements like countertops, cabinets, and appliances. A minor kitchen remodel often provides a high ROI by modernizing the space affordably.
- Open Concept: Removing non-load-bearing walls to create an open layout can make your home feel larger and more modern—an appealing feature for buyers.
Bathroom Enhancements
- Updating Fixtures: Replacing outdated faucets, showerheads, and lighting with contemporary options can refresh a bathroom’s look at a low cost.
- Adding Modern Features: Consider upgrades like walk-in showers, dual-flush toilets, or underfloor heating to add luxury and functionality.
Flooring Improvements
Refinishing existing hardwood floors or installing new ones can dramatically enhance your home’s appeal. Luxury vinyl planks (LVP) are another durable, cost-effective option with high ROI.
Storage Solutions
Adding built-in storage solutions, such as expanded closets or customized shelving, enhances functionality and attracts buyers.
Exterior Improvements
- Siding and Paint: Repainting your home’s exterior or upgrading to new siding significantly boosts curb appeal. Stone veneers can add an extra touch of luxury.
- Garage Doors and Entry Doors: Replacing these with energy-efficient models is one of the highest-ROI projects.
- Decks and Patios: Creating or updating outdoor spaces with built-in seating, fire pits, or outdoor kitchens makes a home more attractive.
- Landscaping: Simple upgrades like new plants, mulch, and paved walkways improve first impressions.
- Windows and Insulation: Energy-efficient windows and improved insulation lower energy costs and increase market appeal.
A qualified real estate agent can help determine the best improvements based on market trends. When you’re ready to learn more, connect with us today. We’re happy to help!