3 More Home Renovations That Increase Your Home’s Value

3 More Home Renovations That Increase Your Home’s Value

Regular home improvements can help you add value to your home, whether you’re planning to sell it soon or want to grow its importance as part of your investment. Over time, these upgrades and modifications will boost the appeal of your home, thus warranting a higher sale price. This article provides three key home renovations to increase your home’s value.

Kitchen Remodeling

Any experienced real estate expert will tell you that your kitchen is one of the most important rooms that determine the value of a home. Many home buyers won’t mind paying a few extra bucks for an elegant kitchen. So, before you list your house, ensure its kitchen is styled correctly with all the necessary fixtures to make it convenient.

If the interior décor elements are outdated, you need to replace them with the latest fixtures to give them a modern look. A full kitchen will make your kitchen more functional and striking, thus catching the eye of potential buyers. At least 70 percent of potential home buyers consider a remodeled kitchen a significant factor when choosing and valuing homes.

The current standard return on investment for a mid-range kitchen remodel ranges between 50 and 60 percent of the total budget for the remodeling project. Therefore, if your kitchen remodeling budget is $69,000, expect to recoup between $34,000 and $41,000.

A New Floor

When potential buyers arrive at your listed home for viewing, one of the first things they’ll notice is the floor. So, if you want to impress them the moment they step into the house, make sure the floor looks fantastic. This could mean replacing the old bed with a new one before you list your home.

Potential buyers want to know that they won’t be forced to replace the floor immediately after buying the house. But if they like the floor, they’ll likely give you a decent offer. Consult an experienced home improvement specialist for advice on the best flooring options that will add value to your house without breaking the bank.

Solar Energy

Solar energy has become integral to many homes due to its sustainability and affordability. So, installing a solar system in your home is an effective way of attracting potential buyers. According to Zillow, a solar system can increase the value of your home by at least 4.1 percent.

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