Which Home Renovations Add the Most Value to Your Home

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In addition to your home being your sanctuary, it can also be a great financial resource. If you’re thinking of making some renovations around your home, make sure to research which ones can give you the most bang for your buck. Here are four of the top renovations that add the most value to your home.

Bathroom Remodeling

Bathroom remodeling is a hotspot for all homeowners, as it’s often a high-priority item for potential home buyers, and provides a great deal of home value on any money spent on the project. According to Zillow, “bathroom remodels yield the biggest returns in terms of boosting your home’s resale value. For minor cosmetic changes, you’ll see a $1.71 increase in home value for every $1 you spend.”

In addition, this remodeling doesn’t have to start from scratch, especially if you’ve already done some work in the past. Small projects like fixing leaky faucets, changing or painting your older cabinets or installing a new light fixture can help brighten up the place!

Garage Door Replacements

Garage doors can sometimes get overlooked in terms of home renovation projects. While bigger ticket items such as a kitchen remodeling can often take the spotlight, in reality, garage doors are a large portion of the front of your home and are often the first things people notice about a property. On average, the garage door takes up 30% of your exterior, and has the second-highest return on investment out of all remodeling projects. In certain cities, a garage door replacement project can have an ROI of up to 117%.

While some people may opt for a full replacement if the current garage doors are too old or beyond saving, sometimes it just takes a fresh coat of paint to bring them back to life. Some people even enjoy adding some garage door accessories, ranging from seasonal options to everyday additions. These can help add a bit of style to your home, and help your garage put its best foot forward!

Landscaping

Landscaping is crucial to the value of your home, and can be a very attractive feature to potential home buyers should you consider selling your property. According to the Top Agent Insights Spring 2021 Report by HomeLight, “76.8% of agents in our survey citing [landscaping] as a top upgrade among homebuyers in their market.” If you’re looking to spruce up the exterior of your home, look into some curb appeal ideas for some potential inspiration or tips.

Keeping your grass freshly mowed can prevent your house from looking unkempt and increase its perceived value. Planting some trees can not only add to the curb appeal of your home but can also provide some more privacy for the owners, a very sought-after and desirable feature of any house. Applying fresh mulch with some regularity has the dual benefit of preventing weed growth in your gardens, but also provides a nice clean look to the front of your home. These are some smaller, less costly changes that you can make to help increase the value of your home.

Heating, Ventilation, and Air Conditioning (HVAC)

Heating, ventilation, and air conditioning (HVAC) quickly became a staple in many homes, and are a large factor in a property’s attractiveness. In a post by UpNest, “consumer analysis found that homes with air-conditioning sold for 2.5% more than homes without.” While a portion of this depends on the location of your home, areas further south pretty much require air conditioning compared to locations a little more north.

There are additional features you can look into when installing your HVAC system to increase the value it brings, such as how environmentally friendly it is, energy efficiency, and size. Newer systems also work better and use less energy compared to older or more antiquated systems, which can save you money on heating and cooling, and appeal to potential buyers

When considering any home renovations, making sure you feel comfortable in your own house is the priority. While some of these larger projects may require some extra financial backing, a home equity loan can be a great option for many homeowners. They not only often provide a lower, more fixed rate compared to personal loans, you also get the payment in one lump sum. Increasing the value of your home can often go hand in hand with remodels, and allow you to make improvements while also benefiting financially.