A major or minor home renovation can be a great way to increase your property’s value. This article will discuss three renovation projects worth doing that will add value to your home. Keep reading!
Kitchen Remodeling
A kitchen is usually considered the heart of the house, so remodeling that area can significantly increase your home’s value. According to Expert Home Report, a minor kitchen remodel can have an average ROI of 81 percent, while a major kitchen upgrade can have an average return on investment of 59 percent.
Consider updating the cabinets, countertops, and appliances when remodeling your kitchen. If you like, consider adding an island to provide additional counter space and storage. In addition, consider connecting the kitchen seamlessly with the dining or living room to create a floor plan with more space.
Bathroom Remodeling
Bathroom remodeling is another renovation project that can add value to your home. Per a National Association of Realtors report, a mid-range bathroom can have an average return on investment of 70 percent. A high-end bathroom can have an average return on investment of 60 percent.
When remodeling your bathroom, consider updating the fixtures, such as the sink, toilet, shower, or bathtub. Consider updating the tile and flooring. Plus, consider adding a double vanity area or another shower and bathtub if you have the space.
Outdoor Living Spaces
Outdoor living spaces are increasingly popular as they add more usable space to a home. Per FirstBank Mortgage, a new patio or deck can have an average ROI of up to 80 percent. In addition, an outdoor kitchen can have an average return on investment of 200 percent.
When creating an outdoor living space, consider the climate in your area. Consider adding a pool or hot tub if you live in a warm climate. Consider adding a fireplace or outdoor heating source if you live in a cooler climate. In addition, consider adding outdoor lighting, which can expand the usefulness of your outdoor living area into the evening hours.
Add to Your Home and Its Value with EA Home Design
A home renovation can drive its value upward. How much depends on the effort and cost put into the project. So when considering a renovation project, note the potential ROI. Kitchen and bathroom remodeling are two renovation projects that can increase their value significantly. Outdoor living spaces are also trendy and can add a couple of thousands of dollars to your home’s sale price. So carefully consider your options and work with a reputable contractor to increase your home’s value and reap the rewards of a newly renovated space.
Have you lived in your beautiful home for several years but now find that your family is growing rapidly and you require some extra space? Do you need an additional bedroom or more parking space? If so, look no further than EA Home Design. Our team of skilled home addition and remodeling specialists in Ashburn can assist you in creating that much-needed extra space in a smooth and stress-free manner. Contact us now to schedule a free renovation consultation!
