5 Best Renovations That Add Value to Your Home
Written By: Chris Abbott
Posted On: 12/15/22
When you buy a home and want it to be a safe and comfortable space where your family can make beautiful memories, you want something else from your investment. You want the property to appreciate in value, so you can eventually sell it and make a profit.
The quicker and faster your home’s value increases the better for you. As KRS Holdings Management Team in Richmond explains, there are two ways this can happen. The first way the value of homes appreciates is through market forces. Demand always causes property prices to go up in the long term. Some locations appreciate faster than others.
But this kind of appreciation is not under your control; you cannot decide what the market does. If you want to improve the value of your home in a reliable manner, you cannot wait on the market. You must use other options, namely, intelligent home renovations.
Smart home renovations are projects with the potential to significantly improve your home’s value. Compared to other renovations, they fetch a higher return on every dollar invested. With smart renovations, you can forcibly raise the value of your property in a relatively short time.
Why does renovating your home in this way work? It is because buyers value homes that are renovated nicely, and they are willing to pay more for them. What are some examples of how you can use smart renovations to improve the value of your home?
Five smart renovations that will add value to your home
Here is our list of the five best renovations to do in your home if you want to improve its value. The items are arranged by order of importance. For the best results, it is recommended that you do all of them. But you don’t have to do everything at once; doing them in phases is also fine.
1. The kitchen
The kitchen is the best place to start because it is the hub of the home and serves as a showpiece for the entire house. Everyone knows you should renovate your kitchen to improve the value of your home, but do you actually do that?
First, you want a light-colored kitchen to make the space bigger and bigger. Light-colored cabinets with dark natural stone countertops or vice versa are a great way to add character to a kitchen. Using neutral tones in the kitchen makes it easier for everyone to like the kitchen. You also want to add new sinks, quality faucets with multiple flow settings, and new stainless-steel appliances.
2. The bathroom
Again, there are no surprises here; bathrooms are a favorite place for buyers because people spend so much time in them. After your kitchen, the bathroom is the second room in the home visitors are likely to see.
You want double sinks and a light palette for the bathroom, with white hexagon tiles and black floor grout. Use white subway tiles on the walls and install a floating vanity, plus a frameless glass walk-in shower enclosure with a rainfall showerhead featuring multiple flow settings. Adding a bathtub to the home will make it even more appealing.
3. The flooring
If you are tempted to use different types of flooring in the rooms in your home, don’t do it. Using different types of flooring in the home will lower its value. You want to have seamless flooring across your entire house. Using one type of flooring in the home makes it bigger and gives the home flow.
When choosing flooring, go for light-colored flooring, like a nice grey color, for easier maintenance. An excellent flooring material to consider is commercial-grade crushed vinyl resin; this material is almost impossible to scratch, and it will give your home a modern appearance that looks natural at the same time.
4. The lighting
This is an important but often-overlooked aspect of home renovation. When trying to improve the lighting in your home, you want to start with natural lighting. Enhancing the amount of natural lighting in the house will make it more welcoming and peaceful.
For artificial lighting, you want to focus on function before aesthetics. To make sure there are no poorly lit areas in the home, you want three levels of lighting; ambient lighting, task lights, and accent lighting. For the best results, add recessed lighting on ceilings and walls.
5. Curb appeal
The home’s exterior creates the first impressions visitors have of your home. The front entryway is particularly important in this regard; the walkway, areas around the front, and the front door. You want to ensure that the appearance of your front entrance matches the interior of your home.
You only need to spend a little money on the landscaping to make it look nice, trim the grass and hedges, and pull the weeds. Pay attention to details; the small things come together to create the final impression people have of your home.