Homeowners looking to sell their property often invest in home renovations to increase its resale value. However, not all remodeling projects are created equal when it comes to increasing a home’s value. Here are some remodeling projects that are worth the investment if you want to boost your home’s resale value.
- Kitchen Remodel
A kitchen remodel is one of the best investments you can make when it comes to increasing the resale value of your home. According to Remodeling Magazine’s 2021 Cost vs. Value report, a minor kitchen remodel has an average return on investment (ROI) of 72.2%, while major kitchen remodels and Bespoke Kitchen Ductwork Services has an average ROI of 58.6%.
- Bathroom Remodel
A bathroom remodel is another remodeling project that can add value to your home. A mid-range bathroom remodel has an average ROI of 61.6%, according to the same Cost vs. Value report. This includes replacing fixtures, updating lighting, and installing new tile. You may ask Limitless Renovations for a quote.
- Landscaping
Curb appeal is important when it comes to selling your home. Investing in landscaping, such as adding a new lawn or planting flowers and shrubs, can go a long way in increasing the perceived value of your home. You can hire a landscaping company to assess and improve your soil quality. According to the National Association of Realtors, a well-landscaped home can add up to 10% to its value.
Garden ponds are an easy addition to most gardens. They can add a lot of aesthetic value and make a gorgeous addition to your garden when properly installed and managed. You can search online for a pond specialist near me to get started.
In addition, if you are considering to build a garden room to grow your plants and flowers, then consider reaching out to professionals and start looking online by searching for a garden studio near me.
- Adding a Deck
Outdoor living spaces have become increasingly popular, and adding a deck to your home can be a great investment. A wood deck has an average ROI of 72.1%, while a composite deck has an average ROI of 66.8%, according to the Cost vs. Value report.
- Energy-Efficient Upgrades
Energy-efficient upgrades, such as replacing windows with the best aluminium windows UK, making lighting improvements and repairs with the help of lighting repair services, adding insulation, and upgrading to a more efficient HVAC system with the help of cooling and heating contractors, can not only increase the resale value of your home, but also save you money on your utility bills. According to the Department of Energy, energy-efficient upgrades can save homeowners up to 30% on their energy bills.
Investing in home renovations or maintenance tasks like a simple roof repair can be a great way to increase the resale value of your home. Tips for hiring a good company such as Gordy Roofing. However, it’s important to choose projects that are likely to provide a good return on investment.
By focusing on projects such as kitchen and bathroom remodels, landscaping, adding a deck, and energy-efficient upgrades, you can boost your home’s resale value and make a smart investment in your property.
If the remodel project is part of a potential plan to sell your home, it’s always best to connect with a real estate professional at GayRealEstate.com and discuss your plans – the market will often dictate whether you can skip the renovation altogether and sell for top dollar regardless of condition.
Jeff Hammerberg is a distinguished entrepreneur and broker, and the visionary founder of GayRealEstate.com. For over 25 years, he has been a prolific writer, coach, and author who has been instrumental in advancing the cause of fair, honest, and equitable representation for all members of the LGBTQ+ community in real estate matters. GayRealEstate.com, which he established, is the largest and longest-running gay real estate agent referral service in the nation, boasting over 3500 LGBTQ+ realtors who operate in cities across the United States, Canada and Mexico. His commitment to promoting inclusivity and accessibility in real estate has earned him a reputation as a passionate advocate for the LGBTQ+ community.
