When you construct a new home, all you think about is having the latest additions to each room. Whether it’s smart appliances in the kitchen, luxury lighting in the living room or a relaxing bathroom – you will want the things that are suited to you.
The same goes for renovations. Whatever upgrade you are planning to your home should increase your living quotient and add value to your home. As simple as adding a new appliance will make a huge change in the home’s value. Or even a simple task like roof gutter cleaning will fetch you a good deal when you decide to sell your home.
So if you are planning a renovation in 2024 that will increase the value of your home, then you are in the right place. Knowing what renovations will give the highest return of money is important, especially if you plan to sell your home. Or if you want to rent your home, you can get good tenants offering you a huge sum because of all the latest upgrades you have at your home.
Before you plan to renovate your property, you have to think about the budget you have to spend and the cost of materials is lower than the money you get for it in the future. It’s essential to do this calculation, especially if you are renovating for commercial purposes.
To save you the trouble, we mentioned a few sure renovations that will fetch more money when you plan to sell your home in future. Let’s dig in without any delay:
- Extending the living space
Nothing will fetch you more price than adding an addition to your home. Whether it’s an extra room, extra floor, extra bathroom, or extending your outdoor area – more size means more bucks. Homeowners often look to extend the living space due to an increase in the family or to create a special room. Whatever the reason is, more living space in your property means you can land a good deal during selling. And not to mention the comfort and content you get while you stay in the property.
- Kitchen upgrades
Renovating the kitchen will take a prominent place as it’s the heart of the home. It’s where the cooking and bonding happen and fills your tummy with delicious meals. Upgrading the kitchen will not only increase the functionality but also give you a good return during selling. Buyers often prioritise kitchen upgrades as they can make their lives easier.
Upgrading your kitchen can be big or small. It could be adding smart appliances like dishwashers, drawer-style microwaves etc., or building an extra shelf, any redo that you perform to your kitchen will significantly impact the overall price of your home.
- Bathroom renovations
After the kitchen, bathroom is where the homebuyers look. A well-spaced and fully-accessorised bathroom is a hit point during selling. When you renovate, make sure to include sleek surfaces, anti-slippery tiles, and all the things that could increase the safety and luxury of your bathroom. Though renovations depend on your budget, making sure to include all the functional features in the bathroom will make your life easier. And it can give you good returns too.
From adding a towel rack to building a vanity and constructing a separate shower stall, there are many ways you redo your bathroom. Talk to homebuilders to know how you can upgrade your bathroom within the budget you set aside.
- Roof upgrades
You may not give much thought to the roof upgrades especially when you are looking to have good returns in the future, however, a strong roof will let you price high. A roof that’s devoid of mould, cracks, leaks, and any other defects is surely a huge point in selling. Also, the elements attached to the roof like gutters, and pipes should be cleaned and well-maintained while you sell your home.
Understanding how gutter cleaning will save money and how it’s a part of roof renovation will make invest in the upgrades. Clean pipes mean the water flow is unobstructed and no matter how much rain you receive, there won’t be accidental water bursts.
- Home’s HVAC improvement
Upgrading the home’s heating or cooling system will also be a hit when you sell your house. Whether you have a residential or commercial property, well-maintained HVAC systems are a big relief to home buyers. They don’t hesitate to put in extra bucks as they don’t have to allocate time and effort for repairing these cooling systems. Though you don’t consider it a significant upgrade in terms of good ROI, it’s essential to do it so that you have the edge over the selling prices.
- Upgrading outdoor space
You can consider upgrading outdoor units like decks, backyards, patios, porches, etc. if your budget allows. Renovating the flooring, adding outdoor curtains, and polishing the wooden surfaces are some of the fetching upgrades that you can perform. And if your budget doesn’t allow it, make sure to clean the outdoor space so that it’s clean and neat to the buyer’s eyes. If you have a garden, you can trim the plants and cut the weeds to make them more presentable.
- Change the lighting
Does your home have a proper lighting system? Are the bulbs shady, dull, and filled with dust? Then it’s time to upgrade them. Nowadays, there are varieties of lighting available in the market to suit your home’s needs. From colourful false ceiling lights to bright LED bulbs – you can opt for anything that gives your home a vibrant look.
When you upgrade the lighting, make sure to focus on the kitchen, living room, bathroom, etc., as these are the spaces most used. You can also upgrade outdoor lighting to make the home more presentable.
Final thoughts
Renovations are a good way to increase your home’s selling price. You should ensure to do proper renovations to have a good deal with the buyers. Understanding how simple tasks like the importance of gutter cleaning, roof upgrades, cleaning bathrooms, etc., will let you have the upper hand over the buying deals.
If you are not sure about what renovations you can do with the budget you have, you can have discussions with home builders. They will tell you what upgrades you can do so that you can have a good initial selling price.
Author Bio:
Hello, I’m Erika Rhein, a professional writer, blogger, and passionate traveller. I write on diverse niches, including home improvement, lifestyle, and fashion. I always aim to present users with valuable and instructive articles in a compelling format, endeavouring to achieve a difference through my writing.