Looking for a way to get the most value out of your home? Renovations are always a smart choice to strengthen your presence on the housing market, but it’s important to know which renovations will be most attractive to buyers. Optimizing your house’s appeal is easy with our comprehensive list of renovations that will add value to your home.
1. Home Office
Creating a workspace within your home is a great way to strengthen your appeal to buyers, especially for buyers employed within industries that allow them to work from home. As more companies take advantage of individuals being able to perform their jobs without leaving their property, home offices are becoming a popular and attractive addition to houses. Converting a spare room into a dedicated workspace is a fantastic option for giving your home that extra edge in a very competitive market.
Set your home apart with the addition of a sunroom to allow potential buyers to imagine enjoying the outdoors all year long, rather than just during the warmer months. Sunrooms are also a great way to increase your home’s square footage without breaking the bank. If you choose to add a sunroom to your property, make it an extension of a kitchen or living room to encourage social interaction.
Decks are an even more affordable way to add an outdoor living space to your home. Modern buyers have a great appreciation for outdoor spaces that facilitate social gatherings and a well-designed deck is perfect for adding that functionality. Include attractive features such as benches or a fire pit to ensure that buyers see the potential for your home to improve their social lives.
There is massive potential in every basement to create new spaces that can increase your home’s value. By transforming your basement into a family room, extra bedrooms, or an income suite, you can maximize your appeal to buyers (especially if you include a bathroom on the same floor). Try to keep the area open and bright while also leaving room for storage space.
A home with enough bathrooms (especially newly renovated ones) is very important for buyers and, as a result, can work wonders for increasing value. Include one on every floor along and add or update an on-suite master bathroom to make your home an irresistible sell. Bathroom renovations are one of the most worthwhile modifications you can make to your house.
As you can imagine, the kitchen is one of the most important sections of your home for buyers. Updating and optimizing your kitchen is a crucial part of selling your home. Create a beautiful and functional space with stainless steel appliances and modern design. Try adding an island to make your kitchen more social and increase the amount of available countertop.
Updating the flooring your home is a simple way to increase your property value. By removing carpets and installing hardwood floors, you can give your home a modern look that will appear cleaner and more desirable.
8. Income Suite
Converting extra space into a rental suite or apartment is a great way to make your property more attractive. Buyers love the idea of a home that has the potential to make them more money in the future by supplementing their income or contributing to their mortgage. This can be a great use of an underutilized basement.
Still want to learn more about increasing the value of your home? We would love to help!
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