Home renovation projects usually require some time and budgeting to get the most optimal value from the money you invest in them.
What many people don’t include in their renovation plans is the resale value the entire project will acquire them. In this article, we’ll show you five renovation efforts that will offer a great return on your investment.
1) Installing energy-efficient windows
Replacing your old windows with energy-efficient ones will bring a threefold benefit to your budget.
First and foremost, you’ll waste less energy, which will reduce your heating and cooling bills. That’s something a potential buyer will most certainly take into account when looking around your home. You can check out a list of energy-efficient windows on the Energy Star website.
Furthermore, new windows can retain up to 90% of their cost. That’s a fair return on investment, if I do say so myself.
Finally, new windows will give your entire home a more attractive look.
2) Redoing the kitchen
The kitchen is one of the most used parts in every home. No matter how well you maintain it, a kitchen that’s used every day needs a makeover every few years.
If you’ve already decided to redo your kitchen, think big and add new value to the entire space.
For starters, give the existing cabinets a special treatment. You’ll need to sandpaper and paint them. Also, replace all the rusty hinges and tighten the loose ones. For more details on cabinet renovation, check out this YouTube tutorial, shared by Wyse Guide.
When it comes to kitchen appliances, replace the ones that don’t possess an Energy Star rating. It’s a justified, long-term investment.
As for the kitchen floor, the renovation extent will depend on the condition and age of the current flooring. If you’re considering putting brand new flooring in your kitchen, check out the options on The Spruce website.
3) Adding a separate toilet
Different construction styles have different policies on the number of bathrooms in a home. A rule of thumb is that a house with more than two bedrooms should have an additional, smaller bathroom, or at least an additional toilet.
This is something every potential buyer will pay attention to, especially if they’re buying a house for their family.
You can repurpose one of your closets and turn it into a toilet. Other suitable places are parts of the hallways or even one of the bedrooms. For instance, if your child is going to college, you can reorganize the space and take up one part of that room to make a toilet.
What’s important is to choose a space close to the water installations. As for the installation process, read this guide on SF Gate.
4) Face-lifting the yard
If you decide to sell your house, it’s extremely important to keep the yard visually attractive. Damaged bricks, broken tiles, and old concrete paths are unacceptable. If you redo these three elements and keep the shrubbery trimmed, you’ll get a tidy and appealing yard.
And if you really want to add value to the backyard or garden space, make sure to carefully choose the stone when you’re paving the paths. The better stone you use, the higher value your garden will reach.
Last, but not least, plant a flower bed or two around the yard. It will add to the overall look of the entire area. You can choose from a variety of plants and flowers that can survive all sorts of weather conditions.
5) Adding a lounge area
The times when people were buying houses only on the basis of the appearance of the interior are long gone. In the popular docusoap Sun, Sea, and Selling Houses, two British families run a real estate agency in Spain and they find properties for people from Britain who are moving to the Iberian Peninsula. Most people who appear as buyers in this TV-show closely observe the yard area.
What usually sweeps them off their feet is when they see a lounge area. So, if you have enough space in your backyard, making a lounge area with a deck at its center is the right thing to do.
As for the wood for the deck, you can choose between softwood and hardwood. The former is less expensive, but also less durable. The latter is tougher and more resistant to bad weather conditions, but also more expensive.
When it comes to deck shapes, the choice will depend on the space you have for that purpose. Most people go for an attached deck that’s connected with the house.
Still, if you have more space, you can go for a two-level deck.
Every home renovation needs to include a thorough calculation of all the costs you’re going to have. Whenever possible, try to think big and renovate the house as if you’re going to sell it tomorrow. If you can’t invest too much money, choose some of the areas suggested in this article. Investing a bit more in them will return most of the money spent once you decide to sell the house.
Author: Kevin has gone through an extensive home renovation with his son, which he has both thoroughly enjoyed, and dreaded every morning. He is now the proud owner of half his dream house (the other half has been waiting for spring). You can read more of Kevin’s work at PlainHelp.
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