Surveys show that homeowners in the US spend billions of dollars on home remodeling projects each year. Unfortunately, many properties fail to recoup their costs and leave homeowners out of pocket. Renovations are expensive, and you must invest your money wisely. With this in mind, here are home improvements that add the most value and leave you with an opportunity to make more on your sale.
Add physical square footage
Any renovation project that creates additional physical square footage will make your home more desirable to buyers and add value to your property. Here are five ways to increase the square footage of your home:
- Add a second story. This is a major renovation project that requires significant time and investment, but it will add sizeable square footage and value to your home.
- Finish off your basement to create extra livable space in your home.
- Convert your attic into an additional bedroom.
- Extend your home with a sunroom or conservatory.
- Build a room above your garage. This could be used as a bedroom, office, gym, games room, etc.
Create an open floor plan
Opening up your floor plan is another reliable way to add value to your home. Modern families prefer an open-plan layout because it allows parents to keep an eye on their children from the kitchen. Open plan layouts maximize the available space and allow natural light to flood into the room, which creates a more inviting atmosphere.
Knocking down the right walls can easily create a full or partial open layout between the kitchen, dining room, and living room. You must ensure that your home still has adequate structural support, so you should always consult with a professional building contractor or interior designer before planning an open floor plan.
Modernize your kitchen
The kitchen is one of the most profitable areas of the home to renovate. Modern, stylish kitchens are in high demand, and buyers will pay a premium for upscale kitchens. If you can’t afford a total kitchen remodel, then upgrade your kitchen area with affordable improvements such as replacing appliances or resurfacing cabinets. You can contact specialists like Granite Transformations and visit their granite worktops Bolton shop for expert guidance on kitchen remodels and refurbishments.
Replace your garage door
Replacing your garage door with an upgraded model can bring about 98.3% in recouped costs. This makes it one of the most profitable home improvements, even if it’s not the most exciting. A new garage door will enhance your curb appeal, create a good first impression with buyers, and make your home more secure. Make sure that you choose an upscale garage model make from durable materials like steel or aluminum.
When you are planning home renovations, you must consider what improvements will add value to you and add value to others. You must always do thorough research before you plan renovations and invest in projects that will yield the highest return on investment. Above are some of the most profitable home improvements that will add value to your property.