Home Renovations That Will Increase Your Home's Property Value
It’s not easy to find good, reliable information on how to increase your home’s property value. That is why we created this blog post as a guide for homeowners who want to renovate their homes to increase the resale value. We break down seven different renovations to help you maximize your investment and make it easier when it comes time to sell.
7 Home Renovations That Will Increase Your Home's Property Value
Remodel Your Kitchen
Market research shows that kitchen remodels can increase the value significantly. The first step of remodeling a kitchen is to find out what your needs are. Do you need more storage space? Are the cabinets and countertops outdated? Does your current layout make it difficult for cooking or entertaining guests? After figuring out where you want to improve, start picking features that will match those needs.
Fixing up an old home can be expensive so being mindful about which upgrades you do is essential. The cost should always consider how much value it will add to the property when it comes time to sell. You might want to hire a kitchen remodeling contractor to give you help identify the best ideas for home renovations in NJ.
Boost Your Bathrooms
This is another great way to increase the resale value of your property. Bathroom remodels can be tricky because so many different things need updating, like fixtures, hardware, tiles, and paint. One way to simplify this process is by choosing a modern or transitional style for your new bathroom instead of traditional design elements.
Whether it’s an extensive master suite renovation or just a quick update on one room in your house, make sure you get all the information upfront before starting any work. Doing research will help identify which home renovations will have the most impact on your property value.
Upgrade Your Appliances
Outdated appliances can make a kitchen look terrible and be very difficult to sell. Make sure you check the appliances every few years to keep them up-to-date as much as possible. You might want to hire an appliance repairman or contractor if your appliances need it.
Improve Your Lighting in the Home
Lighting is one of those things that most homeowners never think about until they’re trying to find reasons why their property isn’t selling well enough. Upgrading your home’s exterior lighting alone will also increase its’ resale value by up to 4%. Consider changing your bulbs to LED lights because they are energy-efficient and can last up to 20 years.
Add a Deck or Patio to Your Home
Adding an outdoor space like a deck, patio, or even some new landscaping will make your home feel more welcoming and inviting. You can have the area completely custom-built by contractors who know how to maximize your property value. If you don’t want the expense of building it yourself, consider buying pre-fabricated structures that are available for purchase online and delivered right to your front door.
Install a New Mailbox that Matches Your Home's Exterior Design
While this may seem like a small detail, a new mailbox is an easy way to add value and curb appeal. Make sure you pick one that matches your home’s exterior style, so it blends in well with everything else (and hopefully doesn’t stand out).
Improve Your Home with Durable Flooring Options
If you’re going to replace the carpet or wood floors at any point, make sure they are high-quality and durable. If possible, choose flooring options made from sustainable materials like bamboo or cork because these will last longer than most other types of hardwoods, which can quickly become damaged.
If you are looking for more ideas for home renovations in NJ, contact us today. We will be glad to help you get started on the best renovation projects.