There are many benefits to regularly renovating your home, such as improving safety, comfort, and functionality. However, at the top of the list for most homeowners is the potential for a renovation to add value.
To this effect, not all renovation projects are created equal. Some end up being money pits that never come close to recouping their initial cost. To help you avoid this scenario, keep reading for a look at some of the best home renovations for increasing the resale price of your property!
Boost the Curb Appeal With New Siding
Installing new siding can have a major impact on the resale value of a home, as it boosts curb appeal and adds important insulative properties. When it comes to siding upgrades, the choice often comes down to hardie board vs wood siding.
Hardie board fiber cement siding is a trendy material, but it usually fails to capture the timeless beauty of natural wood siding. Hardie board is a popular choice among homeowners because it is low-maintenance and comes in a variety of designs and colors. However, it can be expensive and often lacks the charm and character of natural wood siding.
Natural wood siding is a classic choice that never goes out of style. It can add warmth and texture to a home’s exterior, making it a great option for homeowners who want to add value to their home. Wood siding is also a sustainable option, as it is a renewable resource that can be harvested and replanted.
In addition to its aesthetic appeal, wood siding can also increase the insulation and energy efficiency of a home. Wood siding is a natural insulator, which can help reduce energy costs and make a home more comfortable. It is also a great choice for homes in areas with extreme weather conditions, as it is resistant to high winds and extreme temperatures.
Promote Natural Light Flow With Modern Windows
Windows play a crucial role in the overall look and feel of a home. Well-designed windows can promote natural light flow and add to the aesthetic appeal of a house. They can also enhance the energy efficiency of a home, reducing utility costs and promoting sustainability.
In addition to their aesthetic and functional benefits, new windows can also provide a significant return on investment. In many cases, the average cost of installing new windows can be recouped within a few years (depending on the energy savings) making them a feature buyers are willing to pay extra for.
Increase the Interior Ambience With Upgraded Floors
Laminate flooring is a great option for homeowners looking to add value to their property. It is a durable, affordable, and easy-to-install type of flooring that comes in a variety of colors and styles that boost interior ambience. Laminate flooring can mimic the look of hardwood floors, but it is less expensive and easier to maintain. It is also a good option for homes with pets or children, as it is resistant to scratches and stains.
Other types of flooring that can add value to a home include hardwood floors and ceramic tile. Hardwood floors are a classic choice that can add warmth and elegance to a home. They are also durable and can last for many years. Ceramic tile is a versatile option that can be used in a variety of rooms, including kitchens, bathrooms, and mudrooms. It is a durable and easy-to-clean type of flooring that comes in a variety of colors and styles.
Make a Strong First Impression With a Garage Door Replacement
Upgrading your garage door can be a great way to add resale value to your home. A new garage door can increase curb appeal, making it more attractive to potential buyers. It can also provide increased security, energy efficiency, and convenience. A new garage door can also be customized to match the style of your home, making it a great way to add personality and charm. Due to these factors, it should come as no surprise that the average garage door replacement recouped a whopping 102.7% of project costs through increased resale value in the past year.
Add More Function With Kitchen Renovations
Kitchens sell houses, but getting too elaborate with kitchens does not do as much for resale value as basic, high-function renovations. Buyers are more likely to be impressed by a kitchen that is well-organized and easy to use than one that is simply expensive.
Home buyers want kitchens that are functional and easy to maintain, making projects such as crown moulding kitchen cabinets, nonporous quartz countertops, and EnergyStar appliances among the most rewarding options to consider. They want cabinets that are stylish and easy to reach and countertops that are durable and easy to clean. Energy efficient appliances can save money on utility bills, which is a big plus for potential buyers.
Choose the Right Renovations Today to Help Boost Your Home’s Listing Price
Regular home renovation is a critical aspect of home ownership, but when it comes to increasing resale value, not all projects are created equal. For more insight on how to get the best price for your home, check out the resources at RE/MAX Results for the latest resources in the industry!
Sam Willis is a freelance writer that loves sharing his knowledge and expertise in residential and commercial real estate, as well as engineering and construction. He lives in Atlanta, Georgia where he enjoys spending time with his wife and researching real estate trends in his free time. Sam’s work as a freelance writer can be found on Building Product Advisor, a new construction industry resource site.