When it comes to home remodeling, you won’t always get back the money you’ve spent. Before you decide on a remodel, consider the cost versus the value. Want some insight into determining which projects might net you a larger ROI when it comes time to sell? We’ve got some tips to help you do just that:
1. Bigger, Brighter.
Dark, cramped spaces are a no-go good when it comes to homes. Create more of a flow between your spaces and enhance natural light, and your home’s appeal will follow. Open floor plans also make a home feel larger and are considered better for entertaining, so knocking out a wall or two could be a good place to start.
Can’t go out? How about up? Vaulted ceilings are another way to help create the illusion of more space. Skylights can also flood your home in natural light.
2. Curb Appeal
A good first impression of a home can add 5% to its value! Make sure exterior paint and details are on top of their game. Your driveway should be smooth, and free from damage or large cracks. Lawn space should be groomed and maintained properly. Consider drought-tolerant plants or xeriscaping if you’re lacking a green thumb or the time to devote to your lawn.
DIY Remodeling Tip: If you have a deck, staging it with some nice furniture, or creating a colorful garden area in a corner can do loads for making your outdoor areas more inviting!
3. Home Office Remodeling
With more employees working from home these days, a dedicated home office can really add some value to your home. If you have the extra space to devote to one, this is an easy DIY-friendly upgrade that can give your home a serious edge against the competition. Make sure there is plenty of workspace and remember to install grounded outlets, as well as data ports. An extra phone line never hurts, either.
DIY Remodeling Tip: Light or neutral wall color palettes, open access to windows or skylights, and a decluttered surface area to work are great ways to achieve a sense of space and openness, even in a tiny office!
4. Add a Deck
Did you know that you stand to recoup more than 80% of a deck’s cost once you sell? Plus, you get to enjoy it in the meantime! Using higher-grade materials like composite increases the life of the deck and minimizes maintenance.
DIY Remodeling Tip: While we’d recommend leaving install to the pros, if adding a deck area sounds like a good route for you, take some time to plan it out and come up with a few unique features, like built-in benches or a fire pit to add an extra-cozy factor.
5. Bathroom Makeover
Believe it or not, bathrooms are an important part of a home. If they’re lacking in number or size, or if they’re simply outdated, it can be a big turn off to potential buyers. Updating bathroom amenities and fixtures or adding an additional bathroom (if you have space,) can really increase a home’s sale appeal.
DIY Remodeling Tip: Basic, inexpensive updates like light fixtures, mirrors, paint colors, or a simple tile backsplash can go a long way towards bringing an out-of-date bathroom into the current millennia.
6. Kitchen Remodeling
Kitchen remodeling projects can add some serious value to your home, but it’s important to tread carefully. Consider the cost of your materials versus the value. Will you be able to recoup the money spent on granite or marble countertops when you sell? A good agent (like us here at Dutzer & Co!) can help you assess and determine where your kitchen rehab money would be best spent.
DIY Remodeling Tip: Easier updates, like new appliances or a window over your kitchen sink, can add a lot of appeal without a super-hefty price tag.
In short, there are tons of different remodeling projects that can be done to increase both your enjoyment of your home and its value.
Want more ideas? We’d be happy to chat with you about how to make your house into the home you’ve always wanted!