Whether you’re planning on selling your home or just looking to upgrade it, it’s essential to consider the pros and cons before making a decision. Having the correct information about the project will allow you to make an informed decision and maximize the return on your investment.
Before you start a home renovation project, it’s crucial that you thoroughly consider the various factors that affect the value of your house. In addition to the project’s cost, it’s also important to consider the other factors that will affect the value of your home.
In this article, we will discuss the various home renovation projects that can increase the value of your house.
Create an Addition
One of the essential factors that you should consider when it comes to home renovation projects is the addition. This can allow you to increase the square footage of your house and add value to it.
Any addition will do: a new bedroom, expanding the living room’s square footage, or adding something new; your house will only benefit from it. You can also maximize your investment by choosing the right materials and details to enhance the house’s character.
Update your Kitchen
The kitchen is the heart of the house, and it must be designed to meet the needs of its users. A kitchen renovation can be exciting and satisfying, as it can provide you with the opportunity to improve the look of your home. According to a report released by the National Association of Realtors in 2019, homeowners can recover up to 52% of the cost of a kitchen upgrade once they sell their home.
Redo your bathroom
One of the most important factors you can consider when selling your home is the updated bathroom. A well-designed and well-equipped bathroom can provide you with the opportunity to make your house stand out from the crowd.
Look at your house’s HVAC
Your home’s HVAC system is one of the most critical components of the house, and it needs to be regularly maintained. According to a report by the National Association of Realtors, homeowners can recover up to 85% of the cost of a replacement HVAC system if they sell their homes. Often, buyers are surprised when they see that the roof, air conditioning, and heater are in poor shape or old.
Accessibility is key
Home renovations should be carried out according to universal design principles, creating a space to accommodate people of all ages, physical abilities, and tastes. Before you start a project, it’s important that you thoroughly consider the various factors that affect the design of your home. These factors could be widening doorways, a step-less entrance, adding another door to your house, or even changing a tub to a shower. When considering these design principles, you can ensure that your home will be marketable to a larger audience.