Which Home Improvement Will Increase the Value of my Home?

In general, all home improvement projects are going to increase the value of your home, some more than others. Painting the exterior of your house can add to the curb appeal and offer a much quicker sale. Adding an extra room, a new kitchen or a new patio can all increase the overall value of your home so you can expect a higher price when it's time to sell. However, there is a lot more to consider when it comes to home improvement projects than just value. Keep the following things in mind when looking into the right home improvement for your property.

Home Additions That Deliver

So what home improvement project are you looking into doing? Generally speaking the two main areas where you can increase the value of your home by undergoing a renovation is in the kitchen or the bathroom. Installing new appliances and new cabinetry to your kitchen is a great way to get a much newer look and add value to the overall look of your home. The kitchen is one of the main focal points and thus you want to center around this when staging your house for a sale.

Adding a bigger bath tub or a spa to your bathroom is also essential. Another thing that can add value to your home is adding an ensuite or a walk in wardrobe to your master bedroom. This is a fairly easy renovation that can be done in a day or two and can add several thousands of dollars to the overall appraisal of your property.

Adding a bathroom or a bedroom is also a surefire way to increase the value of your home. The reason is because you are able to accommodate a larger family. There may not be much difference space wise between a three bedroom home and a four bedroom home but for buyers this extra bedroom can mean an extra $15,000 to $20,000. Furthermore, having a second or third bathroom can also increase the value of your home by around $10,000.

Renovating Costs and Considerations

There are several exterior renovations that can also add value to your property. Painting the outside of your home is going to add more value than painting the inside of your house and this is something that you can do for only a few thousand dollars or even less if you choose to do it yourself. You can also add value by adding onto your outdoor living area. Expanding the patio, adding a balcony or creating a swimming pool, gazebo or other outdoor feature can all take your home up by as much as $25,000!

Another home renovation that can add value are replacement windows and doors. Most people are now looking for brighter open living areas where everything looks wider and is more open to possibilities. Having new windows and doors installed can make the house seem less cluttered and more controlled temperature wise, securing a quicker sale.

Of course, it costs money to do any of these home renovations which is why if you are doing it just for the sake of adding value and upping the resale, then you need to do the math to make sure it is worth your while. When looking into home improvement that will increase your home value, talk to the experts in home improvement as well as real estate to get a better idea of what you are looking at and how you will benefit in the end.

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