A wonderfully effective way to boost your home’s value, renovations that encompass the entire home give potential buyers a reason to choose your property over others in the neighborhood. And even if you don’t plan to sell it immediately, it should hold its value well if the renovations have been carried out professionally.
That said, while you may not be able to renovate every single space in your home, by focusing on the 3 spaces that will add the most value, you can still feel as if you’re getting a new home, while being able to sell it for more.
To help you get the most out of your home renovation, here are 3 of the spaces that research has shown are the most appealing to buyers, and which can add the most value to the property:
- Kitchen
Turning your dull, old-fashioned and tired-looking kitchen into a thing of functionality and beauty, will only ever benefit your home in terms of saleability and value. By installing new appliances, extending the space, adding a breakfast bar or island, and updating flooring, countertops and splashbacks, you can refresh the space and inject a whole new feeling to your home that potential buyers will just love.
2. Bathroom
Whether you refresh your bathroom with a few upgraded fixtures, fittings and design elements, or whether you gut the entire space and create a spa-worthy retreat, renovating your bathroom is a surefire way to help you sell your home for more. Don’t forget that many modern homebuyers want to benefit from energy-saving features, too, so consider swapping your lighting for fixtures that are energy efficient, invest in a water-saving toilet, and low-flow faucets, for example. These will help you save on your energy bills for as long as you’re in the property, and then provide buyers with an attractive selling point when the time comes to put it on the market.
3. Outdoor spaces
More and more homebuyers are looking for homes that allow them to step outside and enjoy some fresh air, whenever they want to, and if the curb appeal is enhanced at the same time, so much the better. Something as simple as a new patio, some decking, or even some updated pathways and a more attractive and functional driveway, can add to the appeal of your property. Throw in some landscaping features such as a retaining wall or walkway, and you’ve given potential buyers even more reasons to choose your property over another.
When thinking about your home from an external viewpoint, you may also want to install new windows and doors that are energy-efficient, as these will likely not only look better, but will help reduce the amount of warm air leaking out during the winter months, and keep energy bills as low as possible.
A fantastic way of improving your home and making it more attractive to potential buyers, renovating the most important spaces such as the 3 listed above, can help increase the property’s value significantly, and by working with professional renovators with plenty of experience, you can make an investment that will guarantee a great ROI.