What Adds the Most Value to Your Home in 2023?
Experts say most homeowners plan to invest in a major home improvement project in the next few years, including those getting ready to put their house on the market. If you’re one of them, you want to prioritize renovations that maximize your property value, give you the best return on your investment, and attract the highest number of qualified buyers.
Focusing on upgrades that enhance your home’s aesthetic appeal while addressing key buyer preferences can significantly increase the chance of selling your home quickly and getting a favorable price.
Here are some of the most popular home improvements with the highest ROI.
Update the Floor Plan
Does your Montgomery or Bucks County home have a cramped galley kitchen that doesn’t allow for easy gatherings and entertainment? Is the existing floor plan outdated, something that could deter potential buyers?
Reconfiguring and modernizing older spaces can create a more open and functional layout that appeals to contemporary lifestyles. For instance, replacing a galley kitchen with an open concept can make the room feel more inviting. Likewise, an updated layout, including removing walls, can create a more spacious environment.
Remodel the Kitchen
Though some buyers love mid-century design and décor, most don’t find Harvest Gold appliances or Formica countertops particularly appealing.
Along with replacing your home’s entry door, a kitchen remodel is one of the best home improvements you can make to attract buyers and get the highest return. Installing new energy-efficient appliances improves the kitchen’s functionality and lowers utility costs. New countertops, cabinets, and flooring give a kitchen a contemporary feel, maximize storage, and provide durable and easy maintenance prep surfaces.
Kitchen islands are another highly sought-after feature by homebuyers, as they’re typically associated with modern and luxurious kitchen layouts.
Update the Bathroom
Buyers pay close attention to a home’s bathrooms, so modernizing one or more in your home can have a significant impact.
Typical upgrades that transform a bathroom from average to awesome include:
- Modern fixtures and features like faucets, showerheads, and touchless technologies
- Upgraded vanities with elegant, high-quality countertops
- Visually appealing tiles that create a fresh and contemporary look
- Improved lighting, including optimal use of natural light
- Modern storage, such as built-in shelving and pull-outs, to keep the bathroom clutter-free
- Upgraded showers and tubs
- A more functional layout, including aging-in-place or universal design elements
Expand Your Outdoor Living Space
Patios, decks, and outdoor kitchens add enjoyment and value to your home and have become increasingly important to homeowners and potential buyers.
On-trend outdoor enhancements include:
- Patio and deck extensions for dining, lounging, and hosting get-togethers
- Alfresco kitchens with grills, sinks, storage, and appliances
- Fire pits and fireplaces that extend your outdoor living space’s usability year-round
Add a Home Office
More people than ever are now working from home, either part- or full-time. Adding a home office increases your home’s value, functionality, and appeal.
People invest in home additions for various activities, including studying, hobbies, or running a home-based business. Well-designed home offices are a sought-after feature that can give your home a competitive edge and appeal to many buyers.
Schedule a Remodeling Consultation With Meridian Construction
Meridian Construction is a residential home remodeling contractor providing a unique design/build process that results in high-quality home remodeling projects. We specialize in whole-house renovations, kitchen and bathroom remodels, home office additions, outdoor living spaces, and specialty projects.
Ready to move forward with home renovations that get you the best return on your investment?
Request a no-hassle consultation with our team today.
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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