Are you considering upgrading your home? Whether you’re updating for your own enjoyment or looking to increase the value of your property, there are certain improvements that can add the most value.
By understanding which renovations offer the best return on investment, you can decide which areas to prioritize to get the most out of your financial investment. Read on to discover which home improvements add the most value to your home.
Of course, projects completed to the highest standards generally offer advisable returns, but there are certain key areas to consider whether renovating a single room or an entire house.
Returns on Kitchen and Bathroom Upgrades
As the most used areas in the house, the kitchen and bathrooms are the go-to renovations for many homeowners looking to add value. There are some options to consider to ensure you make the most of your investments.
When it comes to the kitchen, consider updating cupboards, appliances, countertops, and fixtures. Add a modern touch with a backsplash tiling or paint the cabinets and change the cabinet handles. Incorporating energy efficient upgrades such as LED lighting and efficient faucets and sinks can also help when selling.
Similar to kitchens, bathrooms are a popular renovation. Consider replacing fixtures, shower heads, and adding additional towel racks, mirrors, and shower doors. Lighting can also bring modern touches, and if you’re looking to upgrade entirely you may want to look into adding modern spa showers or new bathtub designs.
Solid Returns on Exterior Improvements
Exterior upgrades to your home can lead to increased appeal and value. Upgrading a front door, driveway, or painting the exterior can make a huge difference to the look of the home. Incorporating new landscaping such as driveways, walkways, gardens, decks, and patios, can add curb-appeal and increase outdoor living areas.
Other Investments to Consider
- Replacing older windows with energy efficient designs, such as double or triple glazing
- Fitting central heating and air systems
- Finishing a basement
- Installing CCTV or home security systems
- Adding a conservatory or home extension
Conclusion
From the kitchen and bathrooms, to the exterior and energy efficiency upgrades, understanding which investments are most likely to add value to your home is key. Prioritize your investments for the best chance of returns and you’ll be ready to reap the rewards when it comes to sell.