It can be easy to jump aboard the home renovation bandwagon—and in most cases, it’s a very good place to be.
Not only do modern home renovations help you get the most out of the enjoyment of your home, but they also have the potential to have an impact on your home’s overall value, which is great news if you are planning on selling sometime in the future. In order to get the best investment out of your renovations, though, you will want to make sure that you are channeling your money towards the right areas.
Some renovations are simply more sought-after—in this article, we’ll break down which ones top the list of many home seekers. Of course, this doesn’t mean that you shouldn’t partake in any of the renovations that aren’t on this list, especially if they will bring you and your family joy.
8 Common Renovations That Add Value to Your Home
Bathrooms are commonly cited as one of the most attractive renovations that you can perform on a home, and for good reason. There are few things that will scare off a potential homebuyer other than the prospect of having to gut and completely renovate a lackluster bathroom set-up. Not only does it help to renovate your bathroom space, but some studies also suggest that adding a whole new bathroom altogether can be even more lucrative, with the ability to increase your home’s value by more than 5%.
Let’s face it: a kitchen sells a house. This is a true statement whether or not the potential homebuyer is even an aspiring chef. The fact of the matter is that an outdated kitchen can age an otherwise solid, well-functioning home. If you really want to get buyers in the door, consider a kitchen upgrade.
3. Basement Finishing
There is plenty to love about a finished basement, especially since it is an easy way to add more usable square footage to your home. Many potential homebuyers desire a finished basement but do not have any plans to finish a basement themselves. By choosing to finish your house’s basement, you are almost guaranteeing that your home will increase in value.
4. Deck Build
People love their outdoor space, and the best way to enjoy the great outdoors from the comfort of your home is through the installation of a deck. Adding a deck to the back of your home improves its desirability almost 100% of the time.
5. Roof Replacement
Roofing is notorious for being expensive to repair and replace. You can help entice homebuyers by performing a roof replacement before placing your home on the market. It’s a surefire way to attract hesitant home shoppers who may be worried about the cost of replacing a roof down the line.
6. Window Replacement
Much like roofing, windows are another expensive replacement. You can make your house desirable by updating its windows on a regular basis, and by maintaining them well. A house only looks as new as its windows, so if you are looking for an excellent way to improve curb appeal, updating windows just might be the answer.
7. Flooring Changes
If your floors have seen better days, it might be time to start thinking about an upgrade. With so many different types of flooring on the market these days, it’s not hard to find a floor type that looks attractive and fits your budget. It’s amazing how much something as simple as flooring can change the entire look of a room. Try to go for a neutral color and high-end material if you want your flooring choices to apply to the majority of the population.
8. Ceiling Replacement
Textured “popcorn” ceilings can be one of the strongest push factors for potential buyers—i.e., if your home still has them, it’s likely to scare potential buyers away. Savvy house shoppers know that these ceilings can be expensive to fix, and they are not a fan of the outdated house that they give a house. If you are looking at placing your home on the market, it’s probably worth your while to get rid of any existing popcorn ceilings first.
Performing Home Renovations in Kamloops?
Interior Elite Contracting is an award-winning renovation and construction company serving the Kamloops area. No matter what your renovation plans, our team of skilled and friendly renovation professionals in Kamloops is here to help make your visions a reality. Get in touch with us today to learn more about our services!