Remodeling your home can be a great way to improve your living environment and increase the resale value of your property. Some additions are more cost-efficient than others though, and a lot of renovations don’t have the return on investment that you would expect. Here are some of the top renovations you should make to get the most bang for your buck.
The most obvious and effective change you can make to your home revolves around appearance. A fresh coat of paint can not only liven up a room, but it also makes everything look clean and new. Paint is relatively inexpensive, so it’s worth it to take the time to conceptualize an attractive color scheme and then put it into action. Consider this for both the inside and outside of your house.
Color isn’t the only aspect of home décor though. Distinctive architectural features are great conversation pieces and can really make homes stick out to buyers. These might include moldings, ceiling patterns, or a unique floor plan. Sometimes the factor that makes luxury homes more desirable is simply a more impressive appearance.
As far as large focal points go, water features are the best choice investment-wise. Fountains, ponds, waterfalls: the options are limitless, both indoor and outdoor. Water is a calming force and brings a peaceful element to an area. Buyers are often impressed with such features, and again, you’re adding a great conversation piece to your home.
If considering a water installation, make sure you figure the maintenance costs as well as the initial price. Also make sure you can commit to the work it takes to get outdoor water features ready for winter.
Outdoor Living Space
In general, outdoor property gets appraised at 30% of outdoor space. However, if you have the land, you might as well use it. Enhance your outdoor space with outdoor living features like a kitchen area, garden, seating, or covered walking paths.
Kitchens have one of the highest returns on investments for remodels at 72%. Spacious kitchens and dining areas are popular these days. Don’t focus as much on the specific equipment as you do on manoeuvrability and space. Storage that doubles as workspace or seating is always a plus, and quality counter tops go a long way.
When making your renovations, you’ll have to make choices about the materials you use. It’s best to stay away from artificially manufactured materials. Go with sustainable, natural products, like these eco-friendly flooring options. They will last longer, you’ll have comfort in knowing exactly what your house is made of, and buyers will be more impressed.
When remodeling your home, your first consideration should be your comfort and preferences. After you get an idea of what you want, start considering buyers and how to create your dream home in a way that maintains marketability and future value. This manner of thinking will ensure that you will enjoy your home and aren’t throwing money away on superficial improvements that have no lasting worth.