How to Add Value to a Home Through Renovation
Perform some basic landscaping to boost your home's curb appeal., Focus on basic safety upgrades., Install a cohesive set of fixtures throughout your home., Spend the bulk of your renovation money in the kitchen and bathrooms., Know which home...
Step-by-Step Guide
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Step 1: Perform some basic landscaping to boost your home's curb appeal.
One of the cheapest and easiest ways to add resale value to your home is to improve the landscaping in the front yard.
Planting some new flowers, repainting your patio's trim, and making your lawn look its best are easy ways to make a good first impression on buyers; this can yield more offers and a higher price tag. -
Step 2: Focus on basic safety upgrades.
A simple renovation that consistently earns almost the entire investment back is replacing your front door with a steel-reinforced door.
Similarly, replacing an old garage door with a sturdier model will yield an almost 100 percent return.
Potential buyers enjoy the safety and security offered by these inexpensive upgrades. , Small items such as light fixtures, door knobs, and faucets are often overlooked during a home renovation.
However, replacing these fixtures with similarly styled products can lend your home a remarkably cohesive look that is more dramatic than the sum of its parts. , Kitchen and bathroom renovations consistently provide high returns on investment, usually in the range of 70 to 80 percent.
When renovating your kitchen, avoid the temptation to introduce expensive, top-of-the-line appliances and fixtures.
You will realize a higher return on your money by focusing on replacing old and worn flooring, wall coverings, and cabinetry with new mid-range products.
Focus most of your attention on your master bathroom if you have one.
Potential buyers like to see the master bath as an oasis of sorts, so updating the finishes and fixtures in this room will yield a high return.
If your home only has 1 bathroom, consider adding a second bathroom or powder room if possible.
Expensive as this renovation can be, it will likely add considerable value to your home. , Some home remodeling projects are notorious for adding very little to your home's resale value.
For example, home office renovations and installing a swimming pool tend to show very low returns.
Swimming pools or other high-maintenance additions can even turn potential buyers away from making offers altogether. -
Step 3: Install a cohesive set of fixtures throughout your home.
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Step 4: Spend the bulk of your renovation money in the kitchen and bathrooms.
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Step 5: Know which home renovations to avoid.
Detailed Guide
One of the cheapest and easiest ways to add resale value to your home is to improve the landscaping in the front yard.
Planting some new flowers, repainting your patio's trim, and making your lawn look its best are easy ways to make a good first impression on buyers; this can yield more offers and a higher price tag.
A simple renovation that consistently earns almost the entire investment back is replacing your front door with a steel-reinforced door.
Similarly, replacing an old garage door with a sturdier model will yield an almost 100 percent return.
Potential buyers enjoy the safety and security offered by these inexpensive upgrades. , Small items such as light fixtures, door knobs, and faucets are often overlooked during a home renovation.
However, replacing these fixtures with similarly styled products can lend your home a remarkably cohesive look that is more dramatic than the sum of its parts. , Kitchen and bathroom renovations consistently provide high returns on investment, usually in the range of 70 to 80 percent.
When renovating your kitchen, avoid the temptation to introduce expensive, top-of-the-line appliances and fixtures.
You will realize a higher return on your money by focusing on replacing old and worn flooring, wall coverings, and cabinetry with new mid-range products.
Focus most of your attention on your master bathroom if you have one.
Potential buyers like to see the master bath as an oasis of sorts, so updating the finishes and fixtures in this room will yield a high return.
If your home only has 1 bathroom, consider adding a second bathroom or powder room if possible.
Expensive as this renovation can be, it will likely add considerable value to your home. , Some home remodeling projects are notorious for adding very little to your home's resale value.
For example, home office renovations and installing a swimming pool tend to show very low returns.
Swimming pools or other high-maintenance additions can even turn potential buyers away from making offers altogether.
About the Author
Jacqueline Kennedy
Specializes in breaking down complex lifestyle topics into simple steps.
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