5 Home Renovations that Increase the Value of Your Space

Guest Post:  Jasmine Anderson

Whether you’re planning to sell your house now or in the future, it’s useful to know that certain renovations can increase the value of your home. Renovations can cost a lot of money and it’s no wonder that you’re having doubts about whether to renovate or not.

However, renovation can raise the value of your home if it’s done smartly. This means that you should know what upgrades and renovations can increase the value of your home.

Here are some home renovation ideas that can increase the value of your space and eventually help you sell the house faster.

1.      Make the house feel more spacious

The best thing you can do when deciding what to renovate is to finish all the unfinished spaces. This usually includes basements and attic spaces. With a finished basement and attic, you’re adding square footage to your home.

People love to see homes that have finished basements and attics. This implies adding flooring and drywalling this additional space. Of course, if you can go a step further, do so by painting the walls and maybe even staging the space so that the buyers will see the potential.

Another good renovation project includes an open floor plan. This trend is huge and all the buyers ever ask for is houses with open floor plans. The open floor plan design opens up your kitchen, living, and dining rooms, making this open space feel larger and brighter.

2.      Hardwood floor installation

Another upgrade that can raise the value of your home is the hardwood floors. Long gone are the days of bulky wall to wall carpets. Buyers want to see beautiful hardwood floors.

If the house already has hardwood floors and they are in pretty good condition, you’re lucky. All you’ll have to do is refinish them. On the other hand, if you’re planning to install new hardwood floors, it’s good to know that you have options.

Hardwood floors can be expensive and it’s a good thing that you have options. For example, you can opt for durable bamboo flooring, that is very sought after in recent years.

3.      Add or update bathrooms

Believe it or not, bathrooms can significantly increase the value of the house. This is why bathroom updates should be on your list of renovations. If you have enough bathrooms but they are all outdated, you can easily update them by replacing fixtures and amenities.

In case, your home doesn’t have enough bathrooms, you should consider adding a bathroom or two which can later help you sell your home faster.

4.      Upgrade the kitchen

The kitchen is the heart of the home, and as such, it should be updated. Apart from bathrooms, the kitchen is another room that significantly increases the value of the house.

However, remodeling a kitchen can be very expensive. If you’re planning to remodel yours, you should take a good look at the costs and decide if you can recuperate all the money that you plan to put into the updating of it.

You can buy new appliances and fixtures, but consider using what you already have. This means that maybe your cabinets can be upcycled and refinished.

5.      Enhance curb appeal and exterior of the house

The exterior of the house and the curb appeal are the first two things that can influence the buyer. If the exterior of the house is in good shape and the curb appeal is satisfactory, the house already has some bonus points. After all, first impressions matter!

This is why doing exterior updates on your house is a good strategy to increase the value of the home. You can paint the outside of the house, add stone veneers, install new garage doors and replace the fence, but none of that will matter if your landscaping game is off.

Both the exterior of the house and the landscaping give the impression that the house is properly maintained. So, don’t easily disregard either of these updates.

These were some of the major upgrades that can increase the value of your house. Of course, many more updates and renovations can boost the value of the house. What’s important is to do them strategically and to always consider whether you can get back all the money you invest in these renovations.

About the Author: Jasmine Anderson is a Sydney based lifestyle blogger and a toddler mom. She loves to spend quality time with her family, go thrifting, and spend just a little bit too much time on the internet.

@AndersonJess_AJ