4 Types of Home Renovation: Which Ones Boost Value?

Renovating your home is an exciting project that can give your property a stylish new look, improve functionality, and add value. However, not all home renovations are created equal. Some renovations have a significant impact on the value of your home, while others may end up being costly, time-consuming, and not worth the investment. In this blog, we will explore the four types of home renovations that have proven to boost value and attract potential buyers.

1. Kitchen Renovation:

The kitchen is the heart of any home and is one of the first rooms that prospective buyers look at. Thus, a kitchen renovation can make a huge impact on the value of your home. A renovation, which includes upgrading appliances, installing new countertops, and upgrading cabinets, can give your kitchen a modern look that will appeal to potential buyers. You don’t have to go overboard with kitchen renovation, but small updates can go a long way and will give you a substantial return on investment (ROI). By upgrading your cabinets, countertops, appliances, and lighting fixtures, you can make your kitchen look brand new and increase its value. In fact, according to Lars Architecture & Construction from San Diego, CA, a kitchen renovation can give you a return on investment (ROI) of 60% to 80%.

2. Bathroom Renovation:

A bathroom renovation is another renovation that can significantly boost the value of your home. Upgrading your bathroom suite, installing new tiles, or refreshing the look of your bathroom can add value to your home. Many buyers love modern conveniences, so consider adding amenities like an extra shower head, radiant floor heating, or a modern-style pedestal sink. Keep in mind that bathroom renovations can be costly, so you should choose cost-effective updates and avoid over-customization. Homeowners can expect to recoup 50% to 70% of their investment in a bathroom renovation.

3. Exterior Home Renovation:

The exterior of your home is the first impression that any buyer will have of your home. Therefore, an exterior home renovation can significantly boost the value of your property. You can get professional home remodeling in San Diego help, install new siding, replace your roofing or windows, or add landscaping and a fresh coat of paint to increase your home’s curb appeal. Keep in mind that your exterior renovation choices should complement the home’s style and neighborhood. A modern exterior design may be out of place in a traditional suburban area, for instance.The ROI for outdoor living spaces is around 80%.

4. Flooring Renovations:

Flooring is often overlooked in home renovation projects, but it can make a significant difference in the value of your home. Updating your flooring with hardwood, laminate, or vinyl can make your home appear more modern and adds value to the property. Flooring renovation is also relatively affordable, and the ROI can be substantial.

Home renovation can be a stressful and challenging undertaking, but it can significantly increase the value of your home if done right. Any homeowner looking to maximize their investment should consider the four renovation types mentioned above or hire CPP Home Builders & Remodeling from cape cod for home remodeling help. These renovations will also improve the functionality and modern appeal of your property, making it more appealing to future buyers. Ultimately, the key is to choose renovations that are cost-effective, yet add value to your property, so you get the best return on investment.