June 6, 2024 | Selling
Top 5 Renovations To Make Your Home More Profitable
Are you looking to improve the value of your home while also making it more comfortable and enjoyable to live in? Home renovations are an excellent way to accomplish both of these goals. However, with so many potential projects to choose from, it can be challenging to decide which ones will best enhance your quality of life. It’s also important to consider the sale of your home, even if you don’t plan on listing it in the near future. Making strategic renovations that have been proven to provide the best return on investment can dramatically increase your home’s value. In this blog post, we’ll explore some of the top home renovation projects that make a big impact.
-
Kitchen Remodel
The kitchen is often referred to as the heart of the home, and a well-designed, functional kitchen can significantly enhance your daily life. Updating your kitchen is the quickest way to increase your home’s worth. Even a minor kitchen remodel with updates like new countertops and refinished cabinets with fresh hardware can boost your profits significantly. You don’t need to splurge on ultra high-end materials to attract more potential buyers to your home. Consider which areas of the kitchen feel most outdated or in need of an upgrade. Take the time to do a little research on current trends and compare pricing on items like faucets, sinks and appliances. Virtually any upgrade you make to a kitchen will pay off in the end!
Hoping to sell your home for the highest dollar? Consider these other ROI-boosting resources from our site.
- How to Sell Your Home For the Most Amount of Money
- The Complete Home Seller’s Guide
- 5 Simple Home Projects to Prepare for the Market
-
Bathroom Renovation
Like the kitchen, bathrooms are high-traffic areas that can greatly impact your home’s value and your daily comfort. When looking at homes to purchase, buyers are usually deterred by outdated or dysfunctional bathrooms. A bathroom renovation can range from simple updates like replacing fixtures and tiles to more extensive projects like reconfiguring the layout or adding luxurious features like a spa-like shower or a freestanding tub. It’s wise to do your research on costs before you decide to strip a bathroom down to the studs. Sometimes a freshly updated vanity and new toilet, combined with a paint job, is all you need to create a wow factor.
-
Inviting Outdoor Space
In recent years, outdoor living spaces have become increasingly popular, as homeowners seek to create seamless indoor-outdoor living experiences. During the pandemic, families spent more time in their own backyards than ever before. Buyers today are looking for outdoor areas that maximize the space and invite you to enjoy nature’s beauty. Adding a deck or patio creates a more usable outdoor area and appeals to buyers looking for a home suited for entertaining. If your outdoor furniture has been hit hard by the winter seasons, now might be the time to invest in a quality dining or lounging furniture set. Or even splurge on an outdoor kitchen to really enjoy those warm nights outside.
-
Curb Appeal Enhancements
First impressions are essential, and improving your home’s curb appeal can significantly impact its value. Consider tackling those landscaping projects you’ve talking about, and don’t forget to invest in yard cleanups between the seasons. Make sure your home’s exterior is well maintained with pressure washing or even a fresh exterior paint job. One of the highest return on investments comes after you update your front door to a nice quality steel entry door. And the other most profitable exterior renovation you can make? A new garage door. New garage doors have proven to be very profitable investments for homeowners in virtually any community.
Looking to sell your home soon? Explore these blog posts for helpful tips on achieving a great sale!
- When is the Right Time to Sell My Home?
- When Does it Work to Sell Your Home First?
- A Seller’s Guide to Property Values
-
Basement Finishing
If you have an unfinished basement, finishing it can provide significant additional living space and increase the usable square footage of your home. When you are ready to sell, having that extra square footage often allows you to raise the asking price of your home. Also, a finished basement can serve various purposes, such as a home theater, game room, or extra bedroom, depending on your needs. The possibilities are almost endless!
Considering the sale of your North of Boston home? Discover Andersen Group Realty’s unparalleled selling services today. Click here to send us an email or call 781-729-2329 to get started.