Increase Home Resale Value With a Remodel
If you’re considering a home remodel, you may be wondering which projects pay off the most. After all, you want the upgrades you make to improve your quality of life, but resale value is also important to consider, especially if you might move within the next few years. So let’s find out which home renovations give you the biggest bang for your buck.
Kitchen Remodels Boost Home Resale Value
Remodeling your kitchen is one of the best investments you can make. In a hot market, the project could easily return more than 100% of your investment — provided you go about it the right way. The key is to spend the right amount of money in the right places, taking into account the value of your home and those in the surrounding neighborhood. These upgrades tend to have the biggest returns:
- High-end, all-wood cabinets
- Professional appliances
- Natural wood or stone floors
- Stone countertops
Bathroom Renovations Offer a High Return on Investment
You don’t need a huge space for a bathroom renovation to increase home value. Just remember that most people these days prefer a walk-in shower over a large jetted tub. You’re also more likely to see a 100% return on investment if you include tons of built-in storage.
Another thing to note is that if you have only one bathroom, your money is best spent adding a second one. Many people love the charm of older homes, but many are three-bed, one-bath setups. You’ll appeal to more buyers if you make it a three-bed, two-bath house.
Outdoor Improvements Increase Resale Value
Even in the hottest real estate market, curb appeal is king. If your home doesn’t look attractive from the outside, you should invest in exterior improvements first. You might consider adding a front porch and improving the landscaping to create a welcoming entrance. Installing a deck, patio, or other outdoor living space in the backyard adds beauty and usability to your home.
Home Additions Pay Off
Larger homes sell for more money, so you are correct to assume that home additions pay off. The resale value goes up by 30% for every 1,000 square feet you add. The additions boasting the highest returns include:
- Attic bedrooms
- Master suites
- Family rooms
- Home offices
- Guest rooms
- Second stories
Once you realize how affordable home additions are, you may decide to add features that make your home more livable and not move after all! It sure beats uprooting your family to move into a house where you still have to make compromises.
Home Theaters Have Broad Appeal
Adding a home theater might not be the first idea that comes to mind, but this feature ranks high on many homebuyers’ wish lists. In addition to its broad appeal, your family is sure to love using the space. The investment quickly pays for itself when you start opting for at-home movie nights instead of paying for overpriced tickets at the public movie theater.
Remodel Your Home with Meridian Construction
Resale value is an important consideration when remodeling your home. Still, an even more crucial factor is how much you’ll enjoy the space, especially if you’re not planning to move anytime soon. After all, you can’t put a price on improved quality of life. Your renovation should cater to your family’s needs, not those of some imaginary future homebuyer. Think about what your family would most enjoy now, and let that drive your home renovation.
Request a no-hassle consultation with our team today.
Award-Winning Design Projects
Over the past three decades, we have completed hundreds of home remodeling projects in Montgomery and Bucks counties and won numerous awards for our innovative designs and commitment to customer satisfaction. See All Projects