As a homeowner, property values are important to you and can increase with well-thought-out projects such as a kitchen remodel or a basement remodel. Here are six home improvement projects you should consider to increase your home’s value.
- Revamp the Kitchen
When working on a kitchen renovation, new flooring, light and sink fixtures, and cupboard exteriors can offer big payoffs. Whether you opt for a minor or major kitchen remodel, always contact a home improvement professional to perform quality, lasting work.
- Remodel the Basement
Finishing a basement gives one of the best financial returns of any home renovations – and it could be one of the most affordable as well. Moving into a bigger home can cost anywhere from $150–$200 per square foot, while a basement remodel typically costs $40–$75 per square foot.
- Renovate the Attic
The attic is good for more than a storage area and can provide usable square footage. A professional attic renovation can retain more than 60 percent of its value when you decide to sell or refinance your home.
- Update Major Systems
Add value to your home without knocking down walls by updating major systems such as heating, plumbing, electrical and sewage. While it’s tempting to hop on the DIY bandwagon, contacting an accredited construction company to perform the work is the safest move, especially if the company offers a 100 percent satisfaction guarantee.
- Add Powder Rooms
According to the National Association of Home Builders, adding a half bath may increase your home’s value by 10.5 percent. If you’re unsure of whether your house needs another bathroom, keep this NAHB fact in mind: Buyers prefer the number of bedrooms to equal the number of bathrooms.
- Increase Curb Appeal
Curb appeal gets buyers in the door and keeps neighborhood property values up. Choosing a new front door, replacing siding and windows, or installing a new garage door can have a major impact on how your home looks. This is especially important if you’re interested in selling your house.
No matter what home improvement project you have in mind – from a kitchen remodel or a basement remodel to an attic renovation, turn to a professional contractor to increase your home’s value.