For most people, your home is your most valuable asset. Over time, you want that asset to build in value rather than depreciate. If you ever decide to move, you can sell your home for a great profit if you take care of it well.
Some renovations are more effective than others when it comes to increasing your home’s overall value. There’s so much that can be done, making the decisions difficult. Instead of jumping into home renovations blindly, consider these five suggestions for renovations that increase your home’s market value.
1. Roofing System
A roof is the first thing that we see while driving up to a home. Not only would a brand new roof increase your home’s curb appeal, but it will ensure that your home is well protected from the elements. People look for things like a new roofing system in homes when they go house shopping.
That is because older roofs could mean there are old leaks or problems that new homeowners would rather avoid. So, a new roof can be a great selling point when putting your home on the market.
2. Windows
Windows appear like something you can ignore because new homeowners won’t give them any attention. However, brand-new windows make your house look amazing. Old windows can never be as clean and scratch less as new ones.
Also, if your home has any cracked windows, the air escaping is costing you a tonne in energy bills. Changing your windows makes a subtle but impressionable change that prospective buyers will notice.
3. Driveway
A driveway is like the welcome mat for your car. Anyone visiting the house seeking to buy it will walk on the driveway first. You could get a whole new driveway installed or get some necessary maintenance or repairs.
If you have an asphalt driveway, for example, consider either getting it seal-coated to look brand new again or changing it to something more expensive, like cobblestone, to attract luxury buyers.
4. Patio Covers
Don’t neglect your outdoor living spaces while renovating your home. We focus too much on the interior, forgetting to do anything to spruce up our yard. Adding patios helps increase the liveable square footage of your home.
However, don’t stop there! Patio covers are what make them a place for the family to chill. Patio cover construction extends a roof over your patios, giving you shade from the sun and creating a more cozy outdoor setting. This feature alone is what can set you apart from all other homes around.
5. Bathroom Remodel
The most profitable renovation we can recommend for increasing your home value is a brand-new bathroom. Bathroom renovations are expensive. However, you can recover the costs when selling the home.
Since bathrooms are something every prospective homeowner scrutinizes heavily, they should look brand new to leave the right impression on people. That way, you can get a much better price for your home. It’s estimated that a bathroom renovation can add $10,000 to $30,000
