The pandemic left people viewing their homes in a whole new light. Working from home and being unable to go on vacation led them to see the need for renovations. From a home office to an outdoor entertainment area, the home is where people work and relax.
For many, home renovations are all about creating a sanctuary. People look for ways to enhance comfort while adding value to their homes. But some renovations have a higher ROI than others. So, which home renovations add the most property value?
Creating a good first impression is vital when selling a home. Buyers can assess the property before walking through the door. Having a beautiful and well-maintained front yard will help attract more buyers. It shows buyers that you care about your home.
Projects that add curb appeal include keeping the yard grass and flower bed healthy and tidying the driveway and walkways. New trim or siding and a new garage door can further increase the property value.
When planning to renovate your home, consider adding livable square footage. Research indicates that 21 percent of prospective buyers desire more space or larger homes. If you have a basement, converting it into a livable space will increase the value of your property.
Whether installing an outdoor cooking area or creating a new bedroom, size matters when it comes to value. Physical expansion is especially ideal for growing families.
Renovating the kitchen has been a popular trend for decades. The kitchen is one of the most functional rooms in the home. It is a place where the family meets each day and is a highly visible room.
A spacious room with a kitchen island allows more than one person to cook. Consider having multiple sinks, lots of cabinet storage, multiple food prep areas, a walk-in pantry, and different refrigeration options. They can make the home highly desirable.
Bathroom upgrades are becoming popular as people look for comfort and convenience. An updated bathroom can make it easier to see your home. Consider installing surfaces that will make it easy to keep the space clean.
Adding a double-sink vanity is one of the easiest ways to renovate your bathroom and add value. The sink can help set psychological boundaries and is ideal for shared bathrooms.
Research suggests that 70 percent of buyers are looking for a property with a home office. Most people have decided to continue working from home post-pandemic. Having space that can be converted into an office will boost the value of the home. Creating a space that incorporates the home décor, natural lighting, and artistic surfaces can add to the appeal.
Having a functional outdoor space is a sure way to attract buyers. People want to spend more time outside even as they remain at home. Studies show that being outdoors can be therapeutic. When planning renovations, consider adding a deck where you can entertain, work, or relax.
Prospective buyers are looking for properties with finished outdoor areas, and you can also install a pool. The value of homes with in-ground pools has increased in the last two years. When renovating your home, consider the building materials and fixtures you use. Your choice of materials will affect the ROI.
For more on home renovations that add the most property value, visit Amazing Homes at our Burbank, California office. Call (888) 409-0091 to schedule an appointment today.