It’s no secret that the housing market has surged in recent years. And while buyers are spending more money, homeowners should still do what they can to make their property attractive.
Renovations are a great way to add value to your home. In this article, we share three renovations that will really pay off:
Renovate Your Kitchen
Remodeling your kitchen won’t just make you happy, it’ll also impress potential buyers if and when you decide to sell. According to HomeAdvisor, kitchen remodels increase a home’s property value. With that said, this is an expensive renovation project. Remodeling your kitchen can cost an average of $26,000.
Keep in mind that there are ways you can save money while renovating your kitchen. One of the best tips is to do your research before hiring a contractor. While you want someone with experience, you don’t want to end up paying more than you need. Use the internet as a resource, in addition to asking friends and family for recommendations.
Creating an Open Floor Plan
It should come as no surprise that many homeowners are drawn to properties with a lot of space. But that doesn’t mean you can’t sell a small home. On the contrary, just make sure your home has an open floor plan.
One way to do that is by enhancing the natural light in your home. Consider removing a wall to open up a room and brighten up your space. To help with flow, you could add a bookcase or shelving unit where the wall once was.
If knocking down a wall is too big of a renovation project, you could also try rearranging your furniture. For example, moving your couch away from the walls can help your small area look bigger.
Update Your Bathroom
Bathrooms might not be the first place you consider renovating, but they’re important to homeowners. According to a Houzz survey, homeowners are willing to pay more money for renovated bathrooms with certain features, including custom vanities and premium finishes.
While not every home has the space to completely transform a bathroom, there are small changes you can make that still add value. For example, swapping your outdated cabinets with modern ones or adding mirrors to make the space appear larger.
The goal of renovating is to improve the look and feel of your home. Not only can renovations make you, the homeowner, happy but they can help you attract the right buyer when it’s time to sell. Regardless of whether you sell your home in six months or five years, the remodel ideas above are a great place to start.