Top Real Estate Remodel Ideas that will add Value to your Home
There are several things you can do to increase the value of your home. First, you can think about the average home value of your city or neighborhood. If your home is below this figure, you should renovate it accordingly. In addition, it is also important to keep in mind the cost per square foot of your property. By planning your renovations and improvements according to your homes market value, youll save money on construction costs and still be able to sell it for more money.
Remodeling with ROI in mind
When remodeling real estate, ROI is an important consideration. Upgrading a home can increase the propertys value. However, most remodeling projects dont yield a 100% ROI. Often, the project wont add full value to the home when it is sold.
To achieve the best ROI from your home renovation, research home improvements and find out what areas will have the best return on investment. Home improvement trends change over time, so its helpful to get the latest information before taking on a remodeling project.
Adding a deck
Adding a deck is a great way to add extra living space to your home, without spending too much money. However, it is important to consider the area you live in before adding a deck. A warm climate will make a deck more attractive than a cold one.
A deck will also increase the resale value of your home. Adding a deck to your home can recoup 70 to 80% of the construction costs if you sell your home in a few years. However, it is recommended that you choose a deck that is not too expensive since it will take a lot of time to recoup the cost.
Repainting interior walls
Repainting interior walls is a cost-effective, quick, and easy home improvement project that can increase the appeal of your home and add value to the sale. It also is a do-it-yourself project, so it is ideal for people with limited painting experience. Start with a small room or accent wall, and get several quotes from painters before starting. Otherwise, it could end up costing you a fortune.
Adding an irrigation system
Adding an irrigation system to your property can increase the overall value of your home. According to NARs 2018 Remodeling Impact Report, adding a sprinkler system is the ninth best remodeling project to increase home value. The average ROI for an irrigation system is 86 percent. Many buyers value the security of knowing they wont have to worry about water bills and wasting water. It also adds curb appeal and encourages water conservation.
An irrigation system can also make your lawn look better. Potential buyers will be more likely to consider your yard if its well-kept. An automated system will help you save time and money by ensuring that your lawn is always well-kept and green. Adding a sprinkler system will also boost your homes value because it meets the requirements of potential buyers.
Kitchen remodels
If you are looking for a great way to add value to your home, consider a kitchen remodel. If your kitchen is outdated and in need of a refresh, consider upgrading the cabinets, appliances, flooring, and sinks and faucets. Buyers prefer open-concept kitchens, so consider removing walls to make the room more open.
Besides the obvious benefits of adding value, a modern kitchen can boost your enjoyment of cooking and entertaining while increasing the value of your home. For a modest kitchen remodel, consider replacing outdated appliances and cabinet fronts with energy-efficient models. You can also replace worn-out hardware and put in new flooring. While these changes may seem minor, they can make a huge impact on the overall appearance of your home.
Bathroom remodels
One of the easiest ways to add value to your home is by updating the bathroom. But when it comes to bathroom remodeling, you might not be sure where to start. If youre thinking about selling your home, here are some bathroom remodel ideas that will add value to your house.
Energy efficient appliances: Buying energy-efficient appliances helps the environment and will save money on your utility bills. Moreover, prospective buyers will appreciate this feature of your home. Moreover, you can also save on your water bill by installing energy-efficient fixtures.
Adding square footage
If you are looking for real estate remodel ideas that will add value to you home, adding square footage to your home is one of the most important factors. You should know that the most expensive remodels may make your home more attractive, but they may not add much resale value to your home. After all, if your home is located in a lower-priced neighborhood, adding an expensive second floor might not raise its resale value much. Instead, your resale price per square foot should match the nearby homes in the area.
Aside from adding square footage, you can also improve the homes appearance by removing outdated features. Widening doorways, installing vaulted ceilings, and adding rooms are some examples of improvements that can increase your homes value. The addition of a master suite, a great room, and a bathroom can also boost your homes value.