Any time you remodel your home, you’re investing in your current space and your home’s future. It’s important to realize that not every remodeling project has an equal return on investment in future resale value.
Here are 5 remodeling projects that will increase your home’s resale value.
1. Kitchen Remodel
The kitchen is the heart of the home, which is one reason kitchen renovations can add significant resale value to your home.
If it’s been at least 10 years since you last remodeled your kitchen, there’s a good chance it needs a facelift. Replacing the flooring, updating the appliances, adding an elegant tile backsplash, and installing custom cabinet storage solutions are popular remodeling projects. All add value to your home, not to mention the improvement in your kitchen’s functionality and aesthetic appeal.
If your kitchen is small or cramped, it may also need structural renovation. This is usually more expensive than a remodel because it may involve adding square footage or changing the room’s shape or layout. Small kitchens often benefit from increasing available storage by adding cabinets to unused vertical space.
2. Room Additions
Room additions can add substantial value to your home by increasing the square footage. Additions are major undertakings that involve changes to your foundation, roof, exterior walls, windows, and siding (if applicable).
To get the best return on your room addition investment, work with an experienced design-build team to ensure your new space is designed to maximize function while minimizing construction costs.
3. Curb Appeal
How your home and property look from the outside is often the deciding factor on whether a prospective buyer bothers to come inside. Your home’s interior may look like a feature story in Architectural Digest, but if the outside isn’t exciting, they may never see your showpiece.
Home improvement projects focused on raising curb appeal can be as simple as shaping up your shrubbery and painting any exposed wood. On the other end of the spectrum, you may need to add a porch or update your windows.
The projects that add the most resale value to home often vary by where you live. If in doubt, talk with your contractor and a realtor about the projects most likely to provide you with the best return on investment.
4. Master Suites
Master suites have always been where couples can go to get some privacy and peace. They can rest, relax, get dressed, take a bath or shower, use the restroom, listen to music or watch television, and recharge – without ever having to leave the suite.
That makes the master suite an important factor in your home’s value. If yours needs updating or is missing altogether, this is one renovation project that will add resale value.
5. Bathroom Remodels
Bathroom remodels nearly always add resale value to a home. If your budget doesn’t allow updating all of the bathrooms in your home, start with the master bathroom, move to the half bathroom or powder room, and if budget allows, then to the primary guest bathroom.
Cosmetic upgrades to your bathroom involving paint, flooring, and furnishings can be all you need. Structural changes are often unnecessary to increase resale value, with the possible exception of certain upgrades to the master bathroom.
Ready to Renovate?
Caruso Kitchens has been creating award-winning kitchens and bathrooms for Colorado homeowners for three decades. Our skillful designers will put their 150 years of combined experience to work helping you choose cost-effective renovations to increase the comfort and value of your home. We proudly serve the entire Denver Metro Area from our main office in Lakewood, Colorado. To schedule a no-obligation appointment, contact us today.