How to Renovate Your Home with ROI in Mind

Throughout your life, the time arrives when you want to sell your home. That being said, it’s understandable to find that your house might not quite be ready to place on the market. Considering that, it’s important to understand how renovations can help increase the resale value of your home. While you likely know that it’s important to clean your home thoroughly, renovations can skyrocket the price your home sells for. With that in mind, here are popular ways to renovate three of the major rooms within your home.

Bathrooms

When the time arrives to remodel your home, many choose to start with the bathroom. In fact, information gathered from the National Association of Home Builders found that bathroom remodels are the most commonly requested room for renovations. This could be due to the fact that bathroom updates offer an average 86.4% ROI.

You’ll have a lot of freedom to renovate in this room. If you’re only looking to spend a little, consider replacing the floors in your bathroom. However, larger budgets allow for a more thorough renovation. Many renovating homeowners prefer to add new appliances which can help to increase the resale value of your home. In fact, statistics show that over 80% of renovating homeowners are replacing major features including flooring, countertops, and showers.

Kitchen

There is a lot of room to make renovations within the kitchen. It’s no wonder that kitchens are the second most commonly renovated room in a home, only second to bathrooms. Many potential home buyers are looking for homes with plenty of storage space. Considering that, it’s wise to renovate your kitchen with storage in mind. This can drastically help to increase the ROI of your home.

While many are looking for kitchens with lots of open space, the island remains a popular addition to this room. Kitchen islands are spaces that are often in the middle of a kitchen. Islands give a homeowner extra counter space while allowing everyone to move freely within this room.

Bedrooms

While the kitchen and bathroom remain the most popular renovation choices, feel free to renovate other rooms in your home. After all, a home that features more renovations is likely to obtain a higher resale value than one without any renovation work put into it. Considering that, many homeowners prefer to update their bedrooms while renovations are taking place.

When considering that many bedrooms don’t contain appliances, you’ll find that it typically doesn’t cost as much to renovate this room. With that in mind, applying a fresh coat of paint to a bedroom can help increase the value of your home. Many homeowners also replace the flooring in these rooms, especially if they haven’t been in quite some time.

In closing, there are many ways to increase the resale value of your home. That being said, it’s important that you leave major renovation to a professional. Considering that,
you’ll want to contact kitchen and bathroom remodeling contractors before any renovation in these rooms begin. While you might be able to paint a bedroom on your own, a kitchen and bathroom both feature plumbing and electrical equipment. With that in mind, it’s best to let a professional remodeling company work in these rooms. In turn, you’ll be able to save yourself time and effort that goes into a complete home renovation. That being said, the continued efforts will be worth it after seeing your home obtain an increased resale value.

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