Renovating your home is a great way to add value to your property. Whether you're planning to sell your home in the near future or simply want to improve your living space, investing in home renovations can be a smart decision. Here are seven home renovations that can increase your property value, along with specific appliances and furniture to consider:
1. Kitchen Renovation
Upgrading your kitchen can include replacing old appliances such as the refrigerator, stove, and dishwasher. Installing new countertops, cabinets, and flooring can make a big impact as well. Upgrading lighting fixtures can also help modernize the space.
2. Bathroom Remodel
Upgrading your bathroom can include installing a new vanity, sink, and faucet. Upgrading your shower or bathtub, and adding new tile or flooring can also be worthwhile investments. A new toilet and lighting fixtures can complete the update.
3. Outdoor Living Space
Adding an outdoor living space such as a deck, patio, or porch can be a great way to expand your living space and increase your property value. Adding outdoor features like fire pits, outdoor kitchens, or outdoor furniture sets can also be attractive to potential buyers.
4. Energy Efficiency Upgrades
Making energy-efficient upgrades to your home can save you money on utility bills and increase your property value. Upgrades like installing new windows and doors, adding insulation, and upgrading your HVAC system can make your home more attractive to potential buyers. Adding smart home features such as a programmable thermostat can also be a worthwhile investment.
5. Flooring Upgrades
Upgrading your flooring can instantly improve the look and feel of your home. Hardwood or high-quality laminate flooring can be particularly attractive to potential buyers. Consider upgrading the carpet in the bedrooms and adding tile to the bathrooms.
6. Paint and Wallpaper
A fresh coat of paint or new wallpaper can give your home a refreshed look and feel, making it more attractive to potential buyers. Stick to neutral colors that appeal to a wide range of tastes. Consider adding a statement wall with bold patterned wallpaper or contrasting paint colors.
7. Basement Remodel
Finishing your basement can add significant value to your home. This can include adding additional bedrooms or living space or turning it into a home gym or entertainment area. Consider adding a pool table or a sectional sofa with a home theater system to complete the space.