It’s time to update your home, but you don’t want to rush into a remodel without making sure it will pay off. Not every update is a profitable one, and you don’t want to find out you over-renovated for the area. The good news is that some updates are always profitable, including these.
It’s a simple way to update any kitchen or bath. Add some high-end stone countertops to make the space feel more elegant. This improvement always adds value to a home when you choose timeless materials, colors, and patterns.
You can re-glaze your tub. You can add tile to your showers. You can update your fixtures, install a new toilet, and paint the walls. Bathroom remodels typically bring a profit if you choose to sell. It’s important to keep the changes neutral so they’re not too specific for buyers.
A new kitchen can range from a complete gut to a small renovation. Old cabinets can be replaced or repainted. New appliances, pulls, and fixtures make a tremendous difference to the space, and adding a new backsplash to the walls can add value to the room. The kitchen is the heart of your home, and it must make you want to spend more time there. If you don’t feel the overwhelming need to spend time in your kitchen, it needs some work.
Outdoor Living Spaces
In this society, living outside is a way of expanding indoor living space. Buyers want more space, and they want it outdoors. An outdoor kitchen is a must-have for many buyers. An outdoor living space with a television, seating, and even a bar can make your house appear more valuable. If you’re adding a pool to go with it, you won’t find much return on your investment, but that’s because pools are fickle in many parts of the country.
Carpet is not something many buyers want. They want high-end tile such as travertine, or they want hardwood floors. If you have carpet, it’s time to upgrade the floors for a huge return on your investment. Here’s a tip that helps you keep your floor remodel profitable. Don’t put different flooring in different spaces. Buyers want to see you put the same flooring across the house to make space look larger and more inviting. It’s a general rule of thumb.
Adding value to your home is easy when you have the right tools at your disposal. When you know what works and what adds value versus what doesn’t, you are in a winning situation. Check the comparable sales in your area to ensure you’re not overbuilding, and then go from there with your remodeling design choices.