You’ve moved into a new house, and now you’re ready to start improving it and making it home.
In the 2016 Cost vs. Value report, Remodeling magazine reported curb appeal and energy efficiency caused a 2.4 percent increase in return on investment for remodeling projects, with homebuyers recouping 64.4 percent of a project’s investment on average. The 2016 average is the second-highest return in the past eight years.
Some home renovation projects net homeowners a profit. Before you make your pool prettier or carry out a partition wall installation, turn to these rooms first for the best return on your remodel.
Bathroom
Because of their smaller size compared to other rooms in your house, bathrooms are a great place to start because they cost less overall. Particularly if you moved into a space that needs modernizing, consider upgrading bathroom features such as cabinets, paint, bathtubs, sinks and showers.
While U.S. News & World Report says bathroom upgrades average a 62 percent return on investment, the improvements add to the whole home’s total resale value and often help homes sell faster.
People often use the word “spa-like” to describe their ideal bathroom. Adding sleek, modern touches to a bathroom makes it attractive to a wide base of homebuyers. Make the shower one of the main focal points for renovation. Installing a steam shower gives it a resort feel, with the additional benefit of conserving water (even more than a low-flow showerhead). Adding other bathroom upgrades like a walk-in shower can make the bathroom feel more spacious.
Kitchen
According to a survey of Realtors, a kitchen should be a top room to renovate because it tends to be the central community gathering space in a home that carries emotional ties important to most home buyers.
A remodeled kitchen makes such a strong first impression and positively influences how people perceive the rest of your home. Features to consider improving in a kitchen include:
- Countertops
- Cabinets
- Knobs
- Flooring
- Stoves
- Faucets
Home Advisor details kitchen renovation costs so you can budget the project before you start it. You may also want to expand your kitchen and connect it to an adjacent room. Adding a breakfast bar or island makes a kitchen more versatile. If you are more into DIY, you can go for the black and decker matrix which is easy to handle and has a small motor which makes tasks easy to perform.
Attics & Basements
Transforming an attic or basement into a livable room or entertaining area instantly adds resale value to your home. While it’s a costlier project, Better Homes and Gardens reports basement remodels net a 75 percent average return, and Remodeling magazine reports attic insulation tops its 2016 list of renovations that net the largest return on investment.
Homeowners should be cautious about restricting rooms. For example, adding cabinets to home offices or turning a bedroom into a sunroom could turn homebuyers off because it limits the use of the room. Is a need for any lacking windows room to get an adequate interior wall lighting design (visit site)
While adding funky renovations you love can keep you satisfied in the short term, if you want your home to be a long-term investment, keep significant upgrades simple and straightforward to appeal to the masses. Impermanent artwork and furniture can let your personality shine through without putting you in a resale rut.
