5 Home Renovations That Will Increase Your Home's Value
- Written by Scene Magazine
If you're a homeowner, you know that there's always room for improvement in your home. The first step in this process is knowing everything you need to know about home renovations. Whether you're looking to update the functionality, aesthetics, or energy efficiency of your home, a home renovation can help you achieve your goals.
But did you know that certain home renovations can also significantly increase the value of your property? Here, we'll take a closer look at five home renovations that will not only improve your home but also increase its value.
- Kitchen Renovation
For a good reason, the kitchen is frequently referred to as the "heart" of the house. It's where we cook, dine, and hang out with family and friends. As a result, for most homebuyers, the kitchen is the most significant area. A kitchen makeover is a wise investment if you're looking for a home improvement that will boost the value of your house. A kitchen may yield a great return on investment of up to 80%.
When planning a kitchen makeover, it's critical to prioritise changes that are popular with buyers. This features new appliances, worktops, and cabinetry that have been upgraded. Consider installing a kitchen island or upgrading the lighting to make the room more usable. Buyers like neutral colour schemes and high-quality materials, which may help enhance the value of your house. To simplify the process, you can contact kitchen renovation specialists in Melbourne for expert advice.
- Bathroom Renovation
Another area that purchasers pay great attention to while appraising a property is the bathroom. A bathroom renovation may be a wise investment, with a return on investment of up to 70% of the project cost. Consider changing fixtures, enhancing storage, and renovating the shower or bathtub when considering a bathroom remodel. Buyers are returning to neutral colour schemes and high-quality materials, which may help raise the value of your property.
- Outdoor Renovation
Outdoor living areas have grown in popularity in recent years, with a rising number of purchasers opting for a property with a welcoming outside environment. If you have an under utilised outside area, a makeover may help convert it into a beautiful and practical place to add value to your property. An outdoor remodel may enhance your home's value by up to 10%, making it a wise investment for any homeowner.
Consider adding a deck, patio, or kitchen to your outdoor makeover plans. You may also improve the landscaping to make it more appealing. A well-designed outside patio may increase the size of your house and give extra living space for entertaining.
- Flooring Renovation
Another key component that might affect the value of your property is flooring. Old or broken flooring may distract from your home's overall beauty, but high-quality flooring can increase its value. Consider upgrading to hardwood floors when considering a flooring makeover, which is popular among purchasers and may yield a return on investment of up to 75%.
In addition to hardwood floors, other popular flooring options include ceramic tile, vinyl plank, and luxury vinyl tile. When selecting flooring materials, it's important to consider factors such as durability, maintenance requirements, and style.
- Energy-Efficient Renovation
Homebuyers are growing more concerned about energy efficiency. In fact, according to a recent poll, more than 80% of homebuyers value energy-efficient features. An energy-efficient makeover is a wise investment if you're seeking a home improvement that will not only enhance but also boost the value of your property.
When planning an energy-efficient renovation, consider upgrading to a smart thermostat, adding insulation, or installing solar panels. These updates can improve your home's energy efficiency and provide a return on investment of up to 80%. In addition to the financial benefits of an energy-efficient renovation, you can also enjoy a more comfortable and sustainable home. A great renovation tradies in Melbourne can help you with energy-efficient renovation.
Conclusion:
When planning a home renovation, it's important to consider factors such as popular trends, high-quality materials such as Crommelin, and the potential return on investment. By making smart decisions and focusing on important updates to buyers, you can increase the value of your home and enjoy the benefits of a more functional and beautiful space.
