Home renovations can do more than just make your house more comfortable – they can also add to the value of your property. Renovating your space is a great way to modernize your home while at the same time making it more comfortable and attractive.
Before you invest a lot of money in home improvement projects, however, it is important to understand how the renovations will impact your home’s resale value. That way, you can be sure that you are investing your money wisely. Keep reading for the top three renovation tips to increase the value of your property.
1. Find ways to make your home feel more spacious.
Opening up your home so that it feels larger can make a huge difference in how potential buyers perceive it. Older homes, in particular, tend to have small rooms that can feel a bit claustrophobic. Knocking down a nonstructural wall or two can make a huge difference in how spacious your home feels.
For instance, if you take out the wall that separates your kitchen from your living room, it can create an open-concept design that is perfect for entertaining. Most homebuyers love the idea of being able to visit with company or keep an eye on their kids while they are cooking dinner.
Additionally, getting rid of walls can make your home feel much larger. Instead of being stuck in a series of tiny rooms, you can enjoy a much more open, inviting space.
If possible, you may even want to consider adding on to increase your home’s square footage. Adding additional space is always a great way to increase a property’s resale value. Typically, the cheapest home additions are the ones that don’t involve plumbing. Instead of adding a bathroom or expanding your kitchen, consider tacking on an extra bedroom or a sunroom. The low cost of these additions means that you can enjoy extra space without spending a fortune in the process.
2. Increase the amount of light in your home.
Dark homes without a lot of natural light can feel sad and uninviting. On the other hand, homes that have a lot of light coming in through skylights or windows tend to be much more uplifting, drawing people in and making them feel welcome.
Simple home improvement projects such as putting in a new window or adding a skylight can go a long way toward helping you create a light, airy space. For an even easier project, consider looking into light tubes. These small, round tubes are a great alternative to larger skylights. They use a series of reflective materials to bring light in from the outdoors without requiring a large hole in your ceiling.
3. Focus on surface details.
While it is definitely important to have a home that is structurally sound, it is equally as important to make sure that it looks nice. Most potential buyers focus on the overall aesthetic of the house rather than on structural elements that lie under the surface. It goes without saying that you should make any repairs to your home when necessary, ensuring that the home’s structure is in good shape.
From a renovation standpoint, however, you will generally get more bang for your buck by focusing on surface details such as wallcoverings, flooring, and countertops. Modernizing your space through the use of paint, tile, natural stone, or other design elements can go a long way toward increasing your property’s value.
As you begin planning your home renovations, be sure to keep these three tips in mind. By focusing on creating a space that is open, brightly lit, and beautifully decorated, you can add a ton of value to your home.