Remodeling your home can enhance its livability and market value. While some renovations yield higher returns than others, strategic improvements can significantly boost your property’s resale price. In this article, we’ll cover the four best home remodels that add value and some insights from our remodeling company based on years of experience.
Kitchen Remodel
Why Kitchen Remodel Adds Value
The kitchen is often considered the heart of the home, and an updated kitchen can dramatically increase the overall appeal of your property. According to Remodeling Magazine’s Cost vs. Value Report, a minor kitchen remodel can recoup around 70-80% of the cost upon resale, making it one of the best investments you can make.
A typical kitchen remodel includes updating countertops, cabinets, and appliances. Modernizing the layout and adding features like a kitchen island or energy-efficient appliances can enhance functionality.
Over the years, we’ve seen that kitchens are a major selling point. Potential buyers are always drawn to a well-designed, modern kitchen. In our projects, we recommend adding durable countertops like quartz or granite and high-quality cabinetry that will last for years.
Bathroom Remodel
Why Bathroom Remodel Adds Value
Bathroom remodels are another high-impact project. A mid-range bathroom remodel can yield a 60-70% return, while an upscale remodel may still recoup around 55-60%. Buyers appreciate updated bathrooms with modern fixtures, clean lines, and functional layouts.
Modernized bathrooms can significantly increase your home’s value, whether by adding a second bathroom, upgrading an outdated one, or expanding the main bathroom. For added luxury, consider upgrading to features like double vanities, walk-in showers, or heated floors.
In many of our remodels, updating bathrooms has made an enormous difference. We advise our clients to focus on details like high-quality tile, good lighting, and functional and style fixtures. A well-designed bathroom speaks volumes to buyers.
Deck Addition or Outdoor Living Space
Why Deck and Outdoor Space Adds Value
Expanding your outdoor living space by adding a deck or patio is a highly desirable feature for homebuyers. According to the National Association of Realtors (NAR), a new deck can recoup about 65-75% of its cost, depending on the materials used and the overall design. Decks and patios improve the visual appeal of your yard and extend your living space outdoors, making it perfect for entertaining or relaxation. Features like built-in seating, planters, or a pergola can further enhance the appeal.
We’ve seen a growing trend in outdoor living spaces, especially here in Colorado, where homeowners love to take advantage of the beautiful weather. A custom deck tailored to a homeowner’s lifestyle can be a huge draw for buyers and add great curb appeal.
Finished Basement
Why Basement Adds Value
Finishing your basement is one of the best ways to increase your home’s usable square footage. A finished basement can increase the livable space and boost property value, whether used as a guest suite, home office, or entertainment area. A finished basement can return 70-75%, depending on the market.
A well-designed basement remodel can transform an unused space into a highly functional and attractive area. Proper insulation, lighting, and waterproofing are included to maximize the space’s comfort and usability.
Conclusion
When it comes to adding value to your home, focusing on critical areas like the kitchen, bathroom, outdoor living space, and basement can offer the best returns on investment. Each of these remodels improves your quality of life while living in the home, making it more appealing to potential buyers.
At our remodeling company, we’ve seen firsthand how these updates can transform a home. Whether planning a minor renovation or a complete overhaul, investing in the right areas will ensure you maximize your home’s value. If you’re ready to start your remodeling journey, reach out to us, and we’ll guide you through the process, ensuring your project adds function and value to your home.
