If you are considering selling your home, you have likely thought about performing some renovations or repairs to increase appeal for buyers. While there are many types of renovations and improvements that can be performed for every home, certain projects add more value than others. As a leading provider of large-scale home renovations for all types of homes, the team at Alderidge Construction knows how beneficial and valuable certain improvements can be. That is why we have compiled some information to help you understand what home renovations add the most value and determine which options are best for your goals and budget.
5 Renovations to Increase Your Home’s Value
The following renovations can significantly increase the value of your home, increasing appeal for buyers and profit for you:
1. Constructing a Basement Suite
One of the most effective projects for increasing the value of a property is to build an income suite by converting the basement into a space for tenants. Since income suites can help cover the cost of increased mortgage payments, having a rental suite will make your home more appealing to a variety of buyers.
2. A Complete Kitchen Remodel
Since the kitchen is often viewed as the heart of the home, investing in a modern kitchen with high-quality cabinets, under cabinet lighting, an updated backsplash, and new countertops can significantly increase value and appeal for buyers. In addition to these updates, consider replacing old appliances with high-quality, energy-efficient models that match the new theme of the kitchen.
3. Bathroom Updates and Additions
After the kitchen, bathrooms are one of the most important rooms when it comes to leaving an impression on buyers. If your bathrooms are starting to look outdated, it is often worth updating these spaces with new sinks, flooring, tiles, and other elements. If your home only has one full bathroom, adding in a three-piece washroom by using some space from another area of the house can drastically raise the market value of your home.
4. Installing New Flooring
Installing new flooring like hardwood can help to immediately raise any home’s property value, especially if you currently have damaged laminate flooring or outdated carpet. Consider selecting high-quality flooring products that provide a greater level of durability for high-traffic areas, as this will ensure lasting appeal for buyers.
5. Installing Modern Fixtures
Some small but effective upgrades like updating fixtures throughout your home can help revitalize a space and add to its overall resale value. Consider updating dated kitchens and bathrooms by replacing cabinet hardware, light fixtures, countertops, and faucets or adding pot lights to open-concept spaces for an immediate increase in the home’s appeal and value.
To learn more about our home renovation solutions or to discuss the details of your project, get in touch with the team at Alderidge Construction. We can be reached through our online contact form and will be happy to answer any questions you may have regarding our services.