The average cost of a full home renovation ranges from $15,000-$200,000, depending on how much you want to change things. But, not everyone has that kind of budget to makeover their living space.
Whether you moved into a new home and need to update some things, or you just know it’s time for some changes in your existing home, renovations can be exciting. But, most people also need to see the value in what they’re doing.
That’s why it’s important to focus on renovation ideas that add value to your home. By considering resale value with every project, you can look at each renovation as an investment.
So, what are some of the best ideas that can add value if you ever choose to sell?
Focus on the Right Rooms
If you don’t have the budget to renovate your entire home, consider focusing on one or two rooms that can add value and make a big difference.
The perfect place to start? The kitchen.
The kitchen is often the most-used room in any home and serves as the heart of every house. By making a few key upgrades, including new countertops, upgrading appliances, and adding a new backsplash, you can completely change the look of your kitchen while adding value to your property.
The bathroom is another great area to focus on, as it can just take a few small changes to add a lot of resale value. Consider upgrades like:
- Replacing towel holders
- Changing light fixtures
- Using modern faucets
When people are looking to buy a home, the fewer things they have to upgrade and change, the better. Keep that mindset as you make updates, and consider where they’re most important.
Consider Curb Appeal
There’s nothing like a first impression. That goes for houses, too.
Curb appeal isn’t just a real estate marketing term. It makes a big difference in how others see your home, and how much it’s worth. On a $300,000 home, the right landscaping can add anywhere from $16,500 to $38,100 in value – that’s before touching anything inside!
You don’t necessarily have to have a green thumb to optimize your outdoor living space. Use native plants, flowers that go with your exterior color scheme, and make it a space you actually enjoy, whether you plan to sell or not.
Consider adding some of the following for functionality and appeal:
- More storage options like a garage or shed
- The right outdoor furniture
- A privacy fence
- Outdoor lighting
You can even choose a decoration theme for your outdoor space that ties everything together. From a well-maintained lawn to a beautiful back patio, starting your renovation process from the outside is a fantastic way to add value and beauty to your home.
Add Accessible Features
Accessibility has become hugely important in recent years as the baby boomer generation has gotten older. Making accessible modifications can greatly increase the value of your home for older individuals or those with mobility issues. Even small additions can make a big difference, including:
- Ramps and lipless thresholds
- Widened interior doorways
- Walk-in tubs
- Grab bars near toilets and showers
- Lowered light switches
Don’t be afraid to think of what you would enjoy and appreciate when it comes to your home renovations. Remember, you’re still going to be living there until you decide to sell. Maybe you’ll even love the upgrades so much you’ll decide to stay. Whatever you do, understand that you don’t need to DIY everything. Consider looking for a reputable handyman if you’re not comfortable with certain projects. Getting things done right will ensure they boost your home’s value, and a professional touch can make a big difference.
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