Renovations can do more than just make you happy about how put-together your home looks; they can boost your property’s value.
But there’s so much potential in a home; which areas do you work on for maximum return? Should you go for major construction renovations or minor sprucing up? Should you focus on the inside of the house or take to the outdoors first?
The key is to consider the current state of the area you plan on working on, the investment it requires (in terms of money and time), and the selling scope.
To help you pick the right projects, we’ve listed some of the best value-boosting renovations below.
Basement Makeover
Using every inch of your home’s square footage is the best way to maximize its value. So, dust the cobwebs off those neglected basements and consider turning them into livable spaces.
There’s so much you can do with a basement makeover. Here are some ideas to get your creative juices flowing:
- Game Room – Place a high-end billiards table or a gaming console. Add comfortable chairs, a mini-theater setup, and a jukebox for the ultimate entertainment room.
- Home Office – Get rid of the clutter from your bedroom or living room by setting up an office in the basement. Invest in ergonomic furniture, entertainment equipment, wall organizers, and more.
- Home Theater – Bring the cinema experience home with comfortable seating, surround sound speakers, and an HD projector.
Whatever you decide, work with a professional and experienced team like Matrix Basement Systems for the best results. They can ensure that your project’s results are just like you envisioned and that it’s completed on time.
HVAC Conversion
While it may not be one of the flashiest home upgrades, replacing your fossil-burning furnace with an energy-efficient electric heat pump system is an investment worth making.
Heat pumps are a trendy addition to your home because they are multi-functional; you can use them to heat and cool your beautiful home. What’s more, they can fetch up to an ROI of about 103%. For instance, if you invest $15,000 for installation, you can get back up to $15,450 when you sell your house.
So, wave goodbye to your electricity-guzzling air conditioners and heaters and join the eco-friendly revolution with a heat pump!
Kitchen Remodel
One of the first rooms homeowners think of upgrading is the kitchen. The reason is simple—it’s a busy spot where friends and family come together, and the ROI can be pretty impressive.
Depending on your budget and preferences, you can focus your kitchen remodeling project on boosting functionality, increasing storage, or creating a Vogue-worthy aesthetic.
For maximum appeal, go for modern appliances, mid-century-inspired cabinets and countertops, and a statement backsplash. If there’s room in the budget, consider installing energy-efficient features like LED lighting to score more points with potential buyers.
Window Replacement
Windows are one of the most neglected architectural elements of a home. But they are the eyes of your home and contribute significantly to your property’s curb appeal. So, get rid of your dust-streaked, water-stained, and outdated windows.
Go for energy-efficient, double-glazed windows with low U-Values to keep your home warm in winter and cool during summer. Not only will they help reduce your energy bills, but you can expect a decent ROI.
You can even add a splash of personality to your home by choosing statement frames. Think of ornamental designs, striking colors, or unusual shapes.
Siding Replacement
A beaten siding can steal your home’s charm in a flash. So, if you spot any missing patches, fading colors, or rotting panels on your house’s exterior, it’s time to replace them.
Fiber-cement siding is the most popular choice as it’s cost-effective, low maintenance, fire-resistant, and looks modern. The best part is that you’ll have a lot of color options to enhance your house’s charm.
Another well-paying option is vinyl siding. It’s lightweight and mimics the look of wood without any extra effort.
New Garage Door
Smart garage doors are all the rage these days. They allow you to control access from anywhere in the world and even monitor unusual activity or intrusions.
Some features you should consider before investing in a smart door are camera-enabled security, voice control, automated openers, and real-time alerts.
If technology isn’t your cup of tea, go for the classic option—steel garage doors. They look modern, and steel is also an extremely durable material. You can even paint it to match your home’s exterior. How about a black garage door with accents of white for a farmhouse vibe?
Whether you choose a classic or smart door, the ROI can go up to over 100% in some cases!
Front Door Replacement
Luckily, not all money-boosting renovations are costly. A quick and low-cost upgrade you can consider is replacing your front door. It’ll instantly boost your home’s curb appeal and security.
Consider a beveled glass model with heavy-duty locks if you want to make an impression. You can also install a keyless entry system that gives you more control over who enters your home.
But if classic is more of your style, go for wood frames with intricate designs and diamond-check stained glass. It’s also a good idea to opt for an insulated door to keep out the cold during winter.
Deck Replacement
Your home can be the summer hotspot of your neighborhood if you invest in a beautiful deck. So, replace your old deck with a new, high-quality one to increase your property’s appeal and value.
Since you’ll probably spend most of your summer here, build it with durable materials like composites and vinyl. This way, you don’t have to worry about regular maintenance and re-staining.
Make sure to add a few cozy and aesthetic touches like outdoor furniture, a fire pit, or a water feature. We promise it’ll sell.
Final Thoughts
A home renovation project can be scary; you aren’t sure how it’ll turn out unless it’s completed and the money is big. But don’t let that fear hold you from making your home one of the most desirable on the market.
You’ll get a mind-blowing ROI if you plan each move, stay within budget, and work with experienced professionals. If you’re not sure where to start, take inspiration from one of the above-mentioned projects. Remember: renovating your home is an investment, not just a cost. So, make sure you get the most out of it!