The Best and Worst Renovations to Add Value to Your Home
Thursday May 05th, 2022
When you purchase a home, you are signing up for a lifetime of maintenance. No structure is so solid that you could set and forget, so to speak. Because of this, you may want to focus on getting the most bang for your buck if you plan to put your house on the market.
When doing renovations, many people focus on the wrong things. While it’s crucial that your house looks good after a renovation, it’s also paramount that you don’t push aside things that may not improve the aesthetic but are vital for structural integrity. Renovations can add value to your home, but only if you go about them properly.
Focus on Curb Appeal
Curb appeal is the key to getting a lot of hits when listing a home. Potential buyers use curb appeal as a first impression, and if you don’t draw them in immediately, they’re less likely to be wowed by anything else you’ve done.
The good thing about making your home more visually appealing is that it can be done inexpensively. Painting and cleaning the outside of the house and manicuring your lawn can really spruce things up on a budget.
When it comes to indoors, painting can go a long way in making an old house look brand new if you choose the right colours, such as neutral tones that can really brighten the area. While a coat of paint won’t increase the value by too much, it will do enough to make the spending worth it.
General Repairs and Maintenance
General repairs and maintenance aren’t glamorous, but they show that the property has been well cared for. Potential buyers usually want to avoid fixer-uppers unless their plan is to renovate the house themselves.
Things such as the roof, windows, furnace, garage door, and even the appliances should all be considered when thinking of general repairs and maintenance. You want everything in the house to be functional and structurally sound, and potential buyers will appreciate that when determining how much they’re willing to offer you.
Various improvements may seem like a good idea, such as complete remodelling of a kitchen or bathroom, but you want to be careful not to over-improve. If you put thousands upon thousands of dollars into a brand new kitchen, you may not see any return on that investment. While a new kitchen does bring the value up, it doesn’t have to be overdone to have a clean and fresh look.
Think of how you can get these extravagant renovations done with the least money possible. This doesn’t mean choosing cheap materials or cutting any corners. It simply means that you can pick and choose what goes, what stays, and the best way to make your old house new again.
Renovations are a great way to add value to your home if you manage to do them smartly. You just have to know how and what will add the most value to your house. When you do that, you’ll be in a great spot to either enjoy the renovations or reap the rewards on the return.