When it comes to home renovations, not all projects are created equal. Some upgrades will do more to boost your home’s value than others. If you’re wondering which home renovations are your best investments, here are a few to consider.
1. Kitchen Remodels
Are you in a dilemma on what renovations increase home value the most? A well-designed kitchen is always in demand, so it’s no surprise that a kitchen remodel is one of the best ways to increase your home’s value. Depending on the scope of your project, you can expect to see an ROI of anywhere from 50% to 80%. There is also a possibility that your home will sell more quickly if the kitchen is updated. When remodeling your kitchen, focus on modern amenities and design trends like open-concept layouts and energy-efficient appliances.
2. Bathroom Remodels
Like kitchens, updated bathrooms are also very appealing to potential buyers. A bathroom remodel can have an ROI of up to 100% or more, making it an excellent investment for your home. When planning your project, focus on upgrading fixtures and adding storage to make the most of the space. Improve the curb appeal of your bathroom by adding a fresh coat of paint or some new tile work. Ensure the floorplan is functional and easy to move around in. Installing tiles in the shower is also an excellent way to increase the value of your bathroom.
3. Finishing a Basement
If you have an unfinished basement, finishing it can be a great way to increase the value of your home. A finished basement can add additional living space to your home, always appealing to potential buyers. You can expect to see an ROI of 70% or more with this type of renovation. When finishing your basement, focus on adding features that make the space more livable, like proper lighting and insulation. If possible, you should also consider adding a bathroom, as this will make the space even more valuable.
4. Bells and Whistles
While the above renovations are some of the best ways to increase your home’s value, a few "bells and whistles" can make your home more appealing to potential buyers. These renovations may not add a lot of value to your home, but they can help it sell more quickly. Some examples of these types of renovations include installing a security system, adding energy-efficient features like solar panels or LED lighting, upgrading the landscaping, painting the home’s exterior, and adding a swimming pool or hot tub.
Bottomline
Masing Construction Inc. is a trusted contractor who can help you with your home renovation needs. We specialize in kitchen and bathroom remodels, finishing basements, and adding outdoor living spaces. We also offer a wide range of other services, so no matter what type of renovation you’re interested in, we can help. We have many years of experience in the industry, so you can be confident that your home is in good hands. Contact us today to get started on your next home improvement project!