What Are The Best And Worst Renovations To Add Value To My Home?
When renovating your home, you should always keep in mind what value they’ll add to it. If and when you sell later down the line, these renovations can help increase how much your home is worth. Some renovations will raise the price tenfold, while others don’t do much to your home’s value and will be a waste of money and resources. Here are some of the best and worst renovations to add to your home:
The Best Renovations:
More light in your home will increase its value. Enhancing light will make rooms seem larger, so select lighting very carefully. Consider what options provide the best light. Also natural light is best, so you might want to consider knocking down walls to brighten up a space and open up the floor plan to make the home seem bigger.
The outside of your home will make it sell much faster. Make sure your home looks good from the outside by enhancing its curb appeal. Make sure the exterior paint and details look good. The lawn should be properly maintained and there should be nice accents on your porch or by your door that make your home more welcoming.
The rooms you’ll want to focus on include your home’s bathrooms and the kitchen. Updating these rooms will provide you the most value later on. Updating bathroom amenities like fixtures can really make the home more appealing. And everyone wants a nice kitchen, so if you can only update one space, always go with the kitchen!
The Worst Renovations:
Despite what you think, swimming pools won’t add that much value to your home. It can actually be a headache for people who don’t want pools later down the road.
If you need a new roof, get it. But don’t replace it just to do it because buyers think of a roof as simply a necessity and not a luxury.
Although a home office sounds nice, it’s not a necessity that buyers need. They’d rather have the extra room for other things so don’t go and create a home office with built-in desks or shelves.
When figuring out what renovations you want for your home, always ask yourself if it will increase your home’s value in the long-term.