If you’re trying to enhance your home in order to increase its value, or to help it sell quicker by standing out in a crowded marketplace, here are 5 home renovations that can give you the greatest and most effective return on your investment:
- Curb appeal
How a property looks as potential buyers approach it can have a profound impact on how quickly it sells, and how much it sells for. By touching up the paint or brickwork on your home’s exterior, you could help encourage buyers to view it in a more favorable light. You could also consider hiring a paving contractor to add an elegant and functional driveway or path to your home, or if you already have one (or both) of these and they’ve fallen into disrepair, having them professionally repaired will almost certainly be money well spent. If you have a front yard, try to keep it looking as clean, tidy and well-cared for as you can.
Landscaping can be an affordable way to make your property look a lot more appealing to potential buyers, while giving them more usable space, too. Overall, curb appeal is always important to buyers, and most improvements carried out by professional landscapers that enhance the way a property looks, provide home owners with a great return on their investment.
2. A sunroom
Whether you add a 3 or 4 season sunroom to your home (unheated or heated), provided the work is carried out by professional construction contractors, it could have a significant impact on the market value of your home. What’s even better is that sunrooms are a relatively affordable way to increase a property’s square footage, and can cost a lot less than adding a whole new room to your home.
3. A remodeled basement
If you’ve got an unused basement in your home, or a basement that you’re using simply for storage, remodeling it is a super quick and effective way to give potential buyers a whole new usable space in the property. By transforming the space into a recreational room, home cinema, bedroom, or fully independent unit (ideally there would need to be a separate entrance for this to be conveniently functional), you can increase your home’s value by a significant amount.
4. New bathroom
It doesn’t take much for a home with multiple occupants to struggle with adequate bathroom space, hence adding a bathroom can help make your home more saleable, particularly if you’ve only got one family bathroom. If you have a large family bathroom that needs updating, renovating it to include his and hers sinks, or creating a separate toilet stall, can be worthwhile investments. If it’s possible to add a master bathroom, even a small one, this could boost your home’s value quite significantly.
5. New kitchen
When the work is carried out by an experienced renovation or construction company, a renovated or remodeled kitchen can give homeowners a whopping 100% return on their investment! Modern and stylish bathrooms and kitchens are at the top of every buyer’s wish list, so by enhancing your home to include this, you’re virtually guaranteeing to be able to sell your home for more, and quite possibly sell it quicker, too.
Talk to an experienced local construction or renovation company about the many other ways you could enhance your home to sell it for more, and enjoy fantastic returns on your investment.