Maximize Your Home’s Value: 3 Smart Renovations to Invest In

When making updates to your home, you want to feel assured that the improvements you are making will maximize your home’s value. Out of the hundreds of renovations you can undertake, we’ve highlighted three impactful options below, along with their average return on resale (source: HGTV). These updates not only enhance your living space but also attract potential buyers, making them worthwhile investments.

Minor Bathroom Remodel

Average return at resale: 102%*

Does the thought of a full bathroom demolition leave you feeling queasy? No worries! Making minor updates to your bathroom can yield significant benefits without the stress of a complete overhaul. Here are some effective tips to get your creative juices flowing:

• Replace the Tub: A new bathtub can transform the look of your bathroom and provide a fresh focal point.
• Update Flooring: Remove old tiles and consider replacing them with contemporary options or simply apply a new coat of paint—opt for neutral tones to appeal to a broader audience.
• Create an Illusion of Space: Consider removing dated shower doors to make the area feel larger and more inviting.
• Modern Fixtures: Updating faucets and lighting can provide a modern touch without breaking the bank.

By focusing on these minor updates, you can significantly enhance your bathroom’s appeal and recoup your investment when it’s time to sell.

Major Kitchen Remodel

Average return at resale: 91%*

The kitchen is often considered the heart of the home—a central gathering space where family and friends connect. Because of its importance, a major kitchen remodel can lead to a substantial return at resale. While it may require a larger investment, the benefits are well worth it. Here are some suggestions to ensure your kitchen shines:

• Open Up the Space: Remove dated over-counter cabinets to create an airy feel, allowing for better flow and light.
• Upgrade to Stainless Steel Appliances: These not only look sleek but are also more desirable for buyers.
• Invest in Quality Countertops: Granite or quartz countertops add luxury and durability, appealing to potential buyers.
• Innovative Storage Solutions: Cabinets with hidden storage maximize functionality, making your kitchen more user-friendly.

Investing in a kitchen remodel can significantly elevate your home’s value and desirability in the real estate market.

Family Room Addition

Average return at resale: 83%*

Is your home feeling a little cramped? If you have the space to expand, a family room addition could be an excellent solution! Not only does it add square footage, but it also enhances the overall living experience. Interestingly, a sunroom counts in the home’s square footage only when it is heated and cooled for year-round use. Here are some tips for creating a seamless addition:

• Design for Continuity: Ensure that the new space blends seamlessly with the existing architecture of your home for a cohesive look.
• Welcoming Entryways: Incorporating French doors or wide interior doorways can create an inviting transition into the new space.
• Use Natural Light: Large windows can brighten the room, making it a pleasant gathering space for family and friends.

A well-planned family room addition not only increases your home’s market value but also enhances your quality of life.

By focusing on these key renovations, you can maximize your home’s resale value while creating a more enjoyable living environment. Whether it’s a minor bathroom update, a major kitchen remodel, or a family room addition, each improvement can lead to a rewarding return on investment.

Source: HGTV