Top 4 Ways to Increase Your Home’s Value during House Renovations

increase value during house renovations

If you’re looking at reselling your home, the resale value needs to be considered during any house renovation. For many home owners, making poor decisions on renovations can cost thousands of dollars, without seeing that equity returned into the sale of their home. That’s why we’ve compiled this list of 4 ways you can increase the value of your home with house renovations.

1) Increase Curb Appeal

You only have one chance to make a first impression; making sure that impression a good one is critical to increasing your home’s resale value. House renovations don’t have to be extravagant either, as there are small changes you can make to your home to improve the curb appeal. Small tasks like resealing the driveway, pruning any overgrown hedges, repainting the front door and pulling weeds from the garden can work to improve the initial reaction from potential buyers. Larger transformations like replacing broken siding or adding a front porch to the entrance is another profitable area for house renovations. Likewise, improving the overall landscaping can drastically improve the resale value as well. Having a contractor help you determine which areas can help you get the most money for your budget will show you the key areas you need to consider, before starting.

2) Add a Deck to the Backyard

Outdoor living is on the rise and it’s important to bank on that momentum with your house renovations too. Many people look for homes with complete outdoor living spaces like decks and gazebos. Not only will you have an incredible outdoor space to enjoy while you are living in your home, it’s a house renovation that truly hits the “must-have” for house hunters. Make sure the space can accommodate a patio set with chairs, decorative items and an outdoor cooking grill. Ideally, the deck will be finished professionally and sealed to keep the wood looking its best.

3) Update the Bathroom

The bathroom is often the last of house renovations to be complete; although it shouldn’t be- it helps improve the overall value in a home, when the time comes. What’s more, home buyers often envision whether the current state of the bathroom will meet their current needs, and can deter an offer if they find a home to be “too much work”.

4) Finishing the Basement

Many people consider adding an addition to their house, but fail to see the hidden potential in an otherwise empty basement. Transforming an unusable space within your basement can not only increase the functioning area in your home, it can also help increase the value of your home substantially.

Start by determining what type of house renovation would best be suited to your home and determine whether this area can be transformed into another space for a potential buyer. For instance, a games room can easily be changed into a family living space for another family, etc. Having multi-purpose rooms can help a potential home owner see their own family living within the space.

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