Increase Your Home’s Value With These Top Remodeling Projects
Planning a home remodel can be an excellent way to make your home more attractive to potential buyers if you plan to sell in the near future. But which home renovations offer the highest return on your investment?
In this blog post, we cover some of the most popular home remodeling options with the biggest potential for increasing your home’s value so you can make the most informed decision when it’s time to update and sell your home.
Update the Floor Plan
Having a floor plan that’s as aesthetically appealing as it is functional is incredibly important to new homeowners. Especially if your home has an outdated layout or a galley kitchen, updating the floor plan can be a great way to increase the value of your home so you can set a higher asking price.
Not sure where to start in your updated floor plan? Here are a few things to consider when reworking your interior layout:
- Connecting kitchens to other rooms
- Expanding kitchen workspace
- Larger bathrooms
- Walk-in closets
Another way to bring increased value to your home is by finishing an unfinished basement with simple flooring, drywall, and other features to make it livable. In fact, finishing a basement has an average ROI of up to 70%, making it an excellent investment for homeowners planning to sell.
Remodel the Kitchen
According to a recent survey of 1,001 top real estate agents across the country, 67% reported that kitchen remodels will be one of the hottest selling points for buyers in 2024.
Even a basic kitchen remodel has the potential to deliver an incredible ROI, with the average recouped costs of a basic, midrange remodel being 86%.
If you’re considering a kitchen remodel to add value to your home, think about adding a kitchen island, including multiple sinks, expanding pantry space, or upgrading your appliances to energy-efficient ones. These changes can maximize the ROI on your kitchen remodel while attracting potential buyers.
Upgrade the Bathroom
The bathroom is another highly sought-after space that adds tremendous value to any home.
A whopping 92% of real estate agents reported that modern bathrooms will make a big difference to buyers in 2024, making bathroom remodels a great place to start when looking to increase the value of your home.
Of the upgrades most desired from a bathroom remodel, these have the greatest ROI potential:
- Rain showerheads
- Double-sink vanities
- Extra storage space
- Soaking tubs
When contemplating which changes to make to your bathroom, try incorporating updates that add a sense of spa-like luxury and extravagance.
A mid-range bathroom remodel has an average 67% ROI potential, so the effort you put into making a needed change will pay off in the long run.
Add an Addition
Expanding your livable space by adding an addition to your home is another excellent way to increase its value. The total ROI for your home addition project depends on the location of your remodel.
If you’re wondering what type of space to build with your home addition, consider starting with a home office. Especially with today’s changing work landscape, many homeowners are looking for a comfortable space where they can work from home.
Adding an office to your layout can be a great way to attract potential buyers and earn a greater ROI when it’s time to sell.
Schedule a Remodeling Consultation With Signature Kitchens Additions & Baths
Ready to increase the value of your home with a breathtaking new design? Signature Kitchens Additions & Baths has the team of top-quality remodeling experts you need to bring your vision to life.
Consult with our remodeling specialists today by calling 301-251-1880 to start your home renovation and increase the value of your home today.
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