How to Properly Renovate Your Home for Increased Resale Value
Tuesday, August 29, 2017, 6:00 PM | Leave Comment
If you own a home for a few years, you are likely going to want or need to do a renovation project at some point.
Though the main reason most people renovate their homes is to increase the home’s utility and their enjoyment, it’s also important to consider how the renovation work will help to increase the home’s value.
Here’s how to properly renovate your home for increased resale value.
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Concentrate on High-Value Projects
When you are looking to do home renovations, it’s important to concentrate on projects that have a high return on investment.
Some of the projects that create the most value compared with what you spend on them are landscaping improvements, replacing exterior doors, repairing or adding a deck and adding insulation.
Projects that don’t have a good return on investment include adding bathrooms and bedrooms.
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Keep Things Simple
You might think that the more elaborate your renovation is, the more it will boost your home’s resale value, but that’s rarely true.
The projects that add the most value often are small ones that don’t cost a lot of money.
And even with bigger renovations, such as kitchen and bathroom remodels, the simpler you keep the project, the more money you are likely to recoup on it.
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Replace Major Systems
Many homeowners don’t like to think about the prospect of replacing a major system in their home because of the cost, but doing so can add a lot of value.
For example, replacing your water heater could increase energy efficiency, which could be attractive to certain buyers.
Also, some people are drawn to homes that have had major systems like the HVAC system replaced recently, because it means they likely won’t have to deal with replacing that system for many years.
Some companies, like Jim Dhamer Plumbing and Sewer, Inc., know that that can offer peace of mind that is hard to put a price on.
Having these sort of major things replaced in your home is incredibly helpful in the long run.
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Avoid Too Much Customization
Homeowners understandably want to put their own stamp on their home, but too much customization can blunt the potential value of home renovations.
Choosing strange colors for counter tops and flooring, for example, can turn off potential buyers.
If you want to customize your home, stick to things that are easily changeable, such as paint colors.
While value may be a secondary consideration when doing home renovation projects, it is an important one.
Following these tips when remodeling will help you get the look you want while also boosting your home value.
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Rachelle Wilber is a freelance writer living in the San Diego, California area. She graduated from San Diego State University with her Bachelor’s Degree in Journalism and Media Studies. She tries to find an interest in all topics and themes, which prompts her writing. When she isn’t on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on twitter and Facebook.
