Are you thinking of updating your home? Media website House Method reported that roughly 55% of homeowners remodeled at least part of their homes during the past year. Many couples need to finance their home updates, so it’s important to budget your spending carefully. Learning which renovations can best improve your property value is a good way to decide where you’ll update first.
1. Updating Your Kitchen
When a prospective buyer comes to look at your home, the rooms they’re likely to look at most carefully are the kitchen and the bathroom. People know they’ll spend a lot of time in the kitchen, so they’ll want to feel comfortable in that room. Statistics have shown an updated kitchen can bring more than an 85% return on your investment once your home is sold.
However, you should carefully plan which parts you’ll remodel. If your kitchen appliances are modern and in good working order, you may not have to replace them during the remodel. Updating your walls with a bright, invigorating color and refinishing the surfaces on the kitchen counters could be all the “facelift” your kitchen needs. By spending your remodeling dollars carefully, a moderate investment in an update can pay off significantly when your home is sold.
2. Updating Your Bathroom
During their tour of your home, people will want to see the bathroom. Although having a bathtub used to be a must-have, today’s prospective home buyers are more likely to look for a walk-in shower. However, if your home currently has only one bathroom, it would be better to invest in adding a second bathroom. That second bathroom is even more critical if your home has more than two bedrooms.
Just as the kitchen can be made more attractive for resale with only a “facelift,” so can the bathroom. If you don’t need a second bathroom or an updated shower, using new or improved tiles on the bathroom wall or floor can be the difference that your bathroom needs. If there are any problems with your plumbing, be sure you attend to those issues before placing your home on the market.
3. Increasing Your Curb Appeal
If someone’s looking for a new home, they often decide whether they like it before they walk inside. Please look at your home from the street and try to evaluate it from the point of view of a prospective buyer. Adding a front porch is one way to make your home more inviting. You might also consider installing siding to your home, as it can often add years to the outside of your home.
If you’re not fond of the appearance of vinyl or aluminum siding, you may prefer installing stone veneer. Those veneers are water-resistant and are also resistant to corrosion. Veneers also give your home a sturdy but stunning appearance. A home with a stone exterior will significantly boost your curb appeal.
4. Updating Your Driveway
Although prospective buyers are going to size up the interior and exterior of your home, they’ll also be looking at your driveway. If they’re looking at your home and thinking of buying it, they know they’ll be parking in that driveway. So, making the driveway look inviting is a good investment. Just as other improvements to your home will provide a satisfactory gain, according to apschipsealingpaving.com, resurfacing your driveway can increase your property value by approximately 10%.
If you invest in a new driveway, you might consider concrete as the material you’ll use. The home improvement website MoneyPit estimates that concrete driveways are likely to last between 20 to 50 years. Concrete is also water-resistant and provides a smooth driveway surface. So, it’s a great choice for a driveway.
Have you decided to remodel your home? If so, think carefully about which changes will be best for your home. If you follow the guidelines above, you’ll be able to consider the best home updates to make.
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