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5 Types of Renovations that Add Value to Your Home

by | Nov 1, 2019

If you’re thinking about selling your home (even if it’s not anytime soon), one of the most important things to take into consideration is what you can do to help its value increase over time. Renovations can feel like a gamble: after all, will this considerable financial investment now yield a return in the future? Of course, updates to your home are more than a long-term financial investment; they’re a great way to keep your space feeling fresh and compatible with your changing needs over time. That being said, when the time does come to sell your home, we want to make sure you’re in the best position possible. That’s why we’ve compiled a list of five renovations that add value to your home and give you a return on your investment when the time comes to sell. Keep reading to check them out!

1. Update your garage door

One of the reasons why this small renovation is considered worthwhile among professionals is because it has a direct impact on the first impression your home gives to prospective buyers. Curbside appeal, or your home’s ability to appeal to buyers at first glance, has a massive impact on how quickly your home will sell. A new or interesting garage door will help your home stand out and impress visitors at first glance.

2. Invest in landscaping

Though this hardly counts as a full renovation, it carries the benefit of a relatively low price tag in exchange for major results. A 2017 survey revealed that 47% of people considered a home’s landscaping to be the most important factor in its first impression. Tending to your lawn, shrubs, and foliage is a relatively small burden when compared to the massive impact it’ll have on your prospective buyers’ first impressions.

3. Upgrade Your Kitchen

This is one of the most thorough remodels on our list, but it’s also one of the renovations that add value to your home in a major way. Though some large-scale upgrades, like swimming pools, do very little to improve your home’s value (and may actually make it harder to sell), kitchen remodels have the opposite effect. Updated kitchens are a big factor in a prospective buyer’s decision.

That being said, it’s important to be careful if you’re considering renovating your kitchen. Minor remodels, like updating your cabinetry and appliances, tend to pay off. Major full-scale remodels, on the other hand, hardly every yield an ROI. We recommend speaking to a real estate professional if you’d like to consult on which upgrades to focus on when aiming to sell your home.

4. Make Sure Your Roof is in Good Shape

If your roof hasn’t been replaced in a while, it’s crucial that you add this to your remodeling task list if you’re looking to remodel your home. An upgraded roof isn’t just one of the renovations that add value to your home; it’s one of the features that’ll be carefully scrutinized during your home’s inspection prior to closing. By upgrading your roof before putting your home on the market, you’ll help make the inspection process much smoother and more comfortable for yourself.

5. Finish your Basement

An unfinished basement is a great feature when you’re buying a home on a budget, but it’s not so great when you’re selling your home – and for the same reason: unfinished basements help to lower the cost of a home. Aside from being an excellent space to convert into anything you’d like (whether it’s a gym, playroom, movie theatre, or upgraded storage space), a finished basement maximizes your home’s appeal to prospective buyers. After all, instead of being an unsightly, dark corner of your home, it’ll be displayed as a beautiful additional space for them to do with as they please (without having to take on the cost or time commitment of remodeling themselves).
Whether selling your home is just over the horizon or in the distant future, it’s important to consider the renovations that add value to your home. By understanding what upgrades you can make to improve your home’s first impression and long-term appeal, you’ll be positioned for a seamless selling process. If you have any questions about selling your home, don’t hesitate to reach out to one of the experts at Agile Group with Casa Fina Realty. We’re here to help!

Agile Group with Casa Fina Realty provides expert market knowledge to help you throughout all of your real estate needs. Our goal is to provide value to our clients as quickly as possible. Our team is equipped to adapt to each client’s needs. We are responsive, personal, and flexible. We strive to build strong relationships with our clients based on transparency and confidentiality.

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Agile Group with Casa Fina Realty provides expert market knowledge to help you throughout all of your real estate needs. Our goal is to provide value to our clients as quickly as possible. Our team is equipped to adapt to each client’s needs. We are responsive, personal, and flexible. We strive to build strong relationships with our clients based on transparency and confidentiality.

Contact Us