Home improvement professionals of Washington share tips on what project will make you money instead of just adding costs.
Find Home Remodel Ideas That Can Increase Your Home Value
Home improvement tends to cost quite a lot of money. Unfortunately, if you are trying to sell your home, some renovations are not worth in home value what you paid in supply and labor. This is always the risk of remodeling, but home remodel contractors have some advice about what rooms you can improve that will make you the most money back. This article discusses the best decisions for weighing home remodel costs against the improved home value.
Adding On: Square Footage Is King
Building an addition onto a home is the single most profitable of all home renovations. Increasing the square footage of the home always, always increases the value. This is because the value is most often primarily reliant on the physical measurements of the home and property, so adding to it can only increase what it is worth. It doesn’t matter what purpose the additional room will serve. It can be a bedroom, a bathroom or an entertainment space. Adding square footage adds to a home’s price.
Renovations: Which Rooms to Improve
Sometimes people want to repaint the bedroom or update their living room furniture, and while these are nice, they rarely offer a return when selling a home. The major upgrades that pay dividends are kitchen remodels, bathroom remodels, and outdoor living spaces.
- Kitchen Upgrades: There are almost yearly improvements to kitchen appliances and fixtures. Updating even something simple like the kitchen sink and faucet or getting a drawer-style dishwasher can make a big difference in a kitchen. Homeowners were said to recover around 50% of the cost of these upgrades when selling their homes.
- Bathroom Updates: Replacing the showerhead and faucet in a bathroom is a huge help to aesthetics and cleaning is easier with newer surfaces. If there is a half bath, adding a shower can really boost the appraisal.
- Outdoor Living Areas: This is almost like adding square footage, using an outdoor patio area as a space for gathering and entertaining. People still value a screened-in or glass porch and love to see integral grills, hidden outlets, and miniature refrigerators.
Don’t Forget to Update Old Comfort Essentials
While renovating an entire space is normally what you would discuss with a residential contractor, there are some smaller things that may actually do just as much for home value. If you have neglected the outside of your house and your stalwart rarely acknowledged appliances, now is the time to pay attention.
A few of the upgrades that can be made fairly easily and have an impact on home value include the following items:
- HVAC system replacement and duct repair and cleaning
- Updating light fixtures, particularly in living and dining spaces
- Roof inspection and new roof installation
- Improved accessibility through using universal design in the renovation process
Home renovations can be an intimidating process; turn to a reliable home contractor for answers to questions and for support.
About Home Run Solutions, LLC
Home Run Solutions, LLC began serving the people of Mill Creek, WA since 2006. We pride ourselves on being the only contractor in the state to be certified kitchen and bathroom remodeler by the National Association of the Remodeling Industry. Call today for a virtual consultation.