Home Improvement: Top 3 Renovation Projects that Add Value to Your Home
If you have plans to sell your home or you want an upgrade, you might want to consider tackling a home renovation project. However, while there are many home renovation projects that you can take up, not all of them will add value to your property. Because home remodeling can be a massive undertaking, making sure that the reward is worth it before taking on the project is very important.
In other words, having a good understanding of the type of renovations that yield the highest return for your money is vital, especially if the house is going on the market. Even if you don't have plans to sell your home anytime soon, it is always best to choose a home improvement project that adds value to your property. Here are the top 3 home renovations that will increase the value of your home.
1. Renovate Your Kitchen
A kitchen remodel should be done with functionality in mind. Although the aesthetics aspect is important, the functionality aspect must be your top priority. The kitchen is generally considered the heart of the home, and it is not hard to see why. Although the main purpose of a household kitchen is to prepare and cook meals, it is also a place where family and friends tend to congregate, making it the epicenter of the home. For instance, in addition to preparing and cooking meals, it is the ideal place for the family team huddle, a computer room where bills are paid, an art museum for the kids, and a good place to chitchat with friends.
That is why it is important to have a functional kitchen. A kitchen remodel project can be fun and satisfying, especially if your needs and desires are met. According to Remodeling Magazine's 2021 Cost vs. Value Report, homeowners can expect a 72.2% return on investment for a minor kitchen remodel, and 57.4% for a major remodel. So, when it comes to home improvement projects that can raise the value of your home, kitchen remodeling definitely makes the list. You can update your kitchen with new appliances and other trending features such as wine refrigerators, commercial-style ranges and, drawer-style microwaves.
2. Modernize Your Bathroom
You can also increase your home's value by upgrading your bathroom. According to Remodeling Magazine's Report, homeowners can expect a 60.1% return on investment for a bathroom remodel (midrange), and 57.9% for a universal design. Although the bathroom may seem like a small part of your home, a well-designed bathroom can be a major selling point for any house. You can start with small upgrades that can have a big impact, like replacing inefficient or broken elements such as a leaky faucet or an old showerhead, adding bold finishes and spa-like amenities, adding a fresh coat of paint, or adding new light fixtures.
If you don't have a limited budget, you can take on a bigger bathroom remodeling project that will increase the value of your home. For instance, you can replace your old vanity with a modern one. And, make sure that the vanity countertop has high-end materials like marble and granite. If the bathroom has sufficient space, you can also add dual sinks, especially if it's the master bathroom. You can also consider high-quality flooring options such as ceramic tiles or engineered hardwood flooring.
3. Replace Your Garage Door
According to Remodeling Magazine's Report, homeowners can expect a 93.8% return on investment for a garage door replacement project. Exterior renovation projects such as garage door replacements generally have a high return on investment because first impressions and curb appeal normally make a huge difference for potential homebuyers. So, although garage doors tend to last for decades, one of the best ways to raise the value of your home is to replace an old, worn-out garage door with a new one. Because the cost of replacing the garage door pays for itself, when you invest in a new garage door, you will essentially be making a cost-effective and smart decision.
Apart from monetary profit, a garage door upgrade also has other notable benefits. For instance, it is easier for intruders to break into garage doors with predictable access codes or worn-out locks. And, once the intruders manage to enter your house through the garage, the central area of your house will be easily accessible to them. For maximum security, opt for modern garage doors and openers that have rolling code technology. This type of technology sends a randomly created password to your mobile phone every time you want to open the door. Modern garage doors are also energy efficient. These days, you can choose garage doors made from high-quality materials that provide adequate insulation. If your garage door is properly insulated, it helps to keep the rest of your home warm during winter and cool in the summer.
Although there are many renovation projects that homeowners can tackle, there are certain projects that provide a better return on investments than others. If you are considering putting your house on the market, the three home renovations discussed above will add major value to your home.
About Main Line Homes
Janis Peterson, Realtor®, GRI, ABR, SRES, CSP, www.mainlinehomes.com, is an Accredited Buyer Representative (ABR). She specializes in real estate in Montgomery County, Delaware County, and Chester County, Pennsylvania, and has been offering exceptional service to Philadelphia Main Line Buyers and Sellers, helping them list, sell, and buy Main Line homes and properties since 1994. We offer homes for sale in some of the most popular Main Line neighborhoods, including Ardmore, Berwyn, Bryn Mawr, Gladwyne, Wayne, and Villanova. Get started on your Home Search today!
The process of preparing, listing, and selling your home has many complicated steps for you to navigate along the way. Janis Peterson has been helping Main Line Buyers and Sellers since 1994 and can help guide you through all the steps of selling your home, including determining how much is your home is worth, staging, listing your home for sale, and advertising, to maximize the sale price of your home and to minimize the hassle and inconvenience.
If you are thinking of selling your home, Contact Janis at Tel: 610-642-3744 or e-mail her at email@example.com, and she will help you create a winning strategy to sell your home!
Janis Peterson, REALTOR®, GRI, ABR, SRES, CSP
Main Line Homes Luxury Real Estate Agent
Keller Williams Main Line
6 Coulter Ave
Ardmore, PA 19003
Direct: (610) 642-3744