The Best Home Renovation Projects That Increase Property Value

Home Renovation

Everyone loves a new, fresh look. Your home deserves one, too. 

A few home renovations can upgrade the feel and appearance of your biggest investment, as well as increase curb appeal and property value. 

The goal is to find projects that you love, and that will also provide a good market value ROI. You may be ready to sell your property right away, but I must say you would require advance planning. 

Selling isn’t always the only option. Sometimes, a change or renovation can make your home look brand new. Here are some valuable home renovation ideas to keep you ahead in the real estate market. Let’s find out! 

What Is ROI?

ROI stands for the return on your investment. In simple real estate terms, it means how much money you can earn back after putting it into a home improvement project.

For example, a good ROI for a renovation means you can increase the asking price when selling the home and walk away with more money. So basically, you get paid back for the money you put into the project.

So what are some solid ROI home renovation projects?

Adding Living Space/Square Footage 

Adding Living Space

Those looking for a new home want to get the best value for their money. They want to see a home that makes the most of the available space.

Finish the Basement

Maybe you have an unfinished basement; renovate it! You can turn that space into an extra storage room or even a guest suite. Choosing a theme or cozy color would be a cherry on top!  

However, the cost may depend on how much you are about to do. You also must consider the size of the space. The average ROI for basement renovation is 70%.

What About the Attic

Now, suppose you don’t own an unfinished basement. But, instead, you have an incomplete attic. In that case, You need to check the local codes.  

This way, you will get an idea of some height restrictions and the requirement of access to a stairway. 

However, it is possible to turn unused attic space into a home gym, office, or small bedroom. The ROI for this project is just over 50%. 

Don’t Forget the Porch and Garage 

Some of us really love the outdoors. Just sitting in a sunroom or a closed-in patio, sipping on a morning coffee, or having an evening meal feels like a luxury. Isn’t it?

If you have an open front or a back porch, renovate it. Make it a perfect place to spend time alone or with family while reconnecting with nature.

Exterior Siding Renovation 

Exterior Siding Renovation 

When it comes to a great investment vinyl siding is a win-win. Not only does it offer up to 80% ROI in most cases, but it is also a smart move for your home.

Vinyl siding renovations increase the curb appeal of the home. It is basically a face-life to the outside of the house. It can give it an entirely new look. There are a variety of siding renovation ideas that cover all color and design themes.

Not only that, it protects the home. High-quality siding offers protection from wind, rain, and extreme weather conditions. It also makes the home more energy-efficient.

Vinyl siding is cost-effective and very durable. There are few repair costs associated with this type of siding and only routine easy cleaning is required.

To find out the best siding for your home and help to choose the right material, you should consult with experienced siding contractors.

A New Roof

A New Roof

One of the first places a home inspector will check is the roof. It is the first line of defense for the home, its inhabitants, and their personal belongings. Thus, it needs to be in good shape. 

Hopefully, you have kept up with any repairs that cropped up over the years. However, a new roof can be a better option. Someone buying a new home will think twice if they know they will also have to invest in a new roof in the next few years. 

Not only will a new roof help protect your home and family, but most also offer a 60+% ROI when it comes time to put it on the market.

Smaller Changes That Yield Big Results

Smaller Changes That Yield Big Results

Not every change to improve the look and curb appeal of your home has to be expensive or time-intensive. Even small changes can make a big difference.

Install Hardwood Floors

Carpet can look great when first put down, but it will stain easily and does not last as long as hardwood floors. Many in the market for a new home prefer the look and stability of hardwood.

With the versatility of current hardwood flooring trends, there is an option that works with all budgets and lifestyles. Hardwood floors are extremely durable and resist stains. They also do not hold dust or pet dander that can make allergy symptoms worse. This is a strong selling point.

Read more: Top 10 Best Floor Couch For Your Home – Most Reviewed In 2021

Work on the Landscape

Curb appeal literally means the first impression someone gets when driving up to your home. The house can look great, but if the lawn is a mess, you have a problem.

Just a small investment in a healthy lawn and simple landscaping hacks will give you the yard that is the envy of the neighborhood. It will also be your calling card when potential buyers come to call.

A Kitchen Upgrade

The kitchen is often the hub of household activity. It stands to reason it should be a standout feature.

Some simple kitchen upgrades will pay big dividends. Add new lighting to brighten and open up space. Put in a new backsplash or get creative with storage options.

Give the cabinets a fresh, clean look with a new paint job. Take an extra step and add new hardware or update your faucet.

Read more: What Is a Keeping Room? The Perfect Sidekick for Open Kitchens

Improve Your Home and Increase Its Value

Making home improvements before contemplating whether to sell right away or wait to see how the market moves is always a wise investment. 

A renovation doesn’t have to be huge to make a difference. But there are definitely a few that offer a great ROI when it comes time to sell. And in the meantime, you reap the reward as well. 

Our website provides the best news and information on real estate trends, buying and selling, home design, and marketing. Use our expert knowledge to your advantage, and come back often. 

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Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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