Whether you are doing renovations to your home to improve the living space for your own enjoyment or you are trying to spruce up your house to sell for top dollar, there are some things you should focus on to get the most bang for your buck. Here are some of the top renovations you can make to your home.
Kitchen and bath remodels are some of the best home renovating projects you can do. Everyone knows that kitchens and baths are the two rooms in the house that most buyers focus on, and research shows that minor kitchen and bath remodels both return more than 80 percent of their cost in terms of increased resale value for the home. The key is to concentrate on minor renovations. Doing extensive renovations with lots of customization requiring you to move water lines or gas lines will not get you the same return on investment.
Another high-impact project in your home is converting unfinished space to finished space. Turning an attic space into a bedroom or office or finishing basement space into an office, bedroom or rec room can add a tremendous amount of value to your home, both in terms of resale value and for the improved enjoyment of your home.
When it comes to home improvement projects, they don’t have to be large to make an impact. In fact, some of the smaller projects are some of those that create the most value. One of the few projects that can bring you more in value than what you spend on it is a new entry door. Replacing your garage door also can bring you a tremendous amount of value.
One home improvement that many people don’t consider is projects that spruce up landscaping. Beautiful landscaping will make a huge difference in the curb appeal of your home, and it also will bring you a great return on your investment. Investing in improving your landscape can often boost your value by more than you spend on the improvements and it can make your homes sell up to six weeks faster. Such improvements can be as simple as lawn care or as elaborate as intricate patio designs. Beautiful landscaping also can serve a practical purpose. Adding trees can block up to 95% of sunlight cut down on your cooling bills by as much as 50%, for example.
Whether you spring for beautiful landscaping design or decide to do something to the inside of your home, make sure you consider not just how the improvement will boost your enjoyment of your home but also how it can boost your value.
