Home remodeling is said to be an expensive project that pays dividends at resale. But it isn’t always the case. Still, many homeowners choose to tackle home improvement projects without thinking about the upgrades that increase home value and pay off when the time to sell arrives.
Your ability to generate a profit from selling a remodeled home depends on your target market and the overall condition of your home. Before finalizing your home improvement plans, here are the key areas in your home where you should invest your time and money on.
Creating a Flexible Living Space
Expanding your interior space and adding actual usable square footage pay off. Prospective home buyers appreciate practical and ample space. This is the primary motivating factor for homebuyers who are looking for a new home.
To ensure that you’re going for the right amount of space for your home, it’s best to consult a general contractor. They have valuable insight into what homebuyers look for in space requirements and creating flexible living spaces.
There are many options to add more space to your home. But those that usually pay off include finishing a basement, clearing out an attic, and adding a new room.
- An unfinished basement—or any room for that matter—does not count towards the total square footage computation. If you have any unfinished rooms in your home, it would be best to focus on these areas now. So you can enjoy the space while you live in your home and use the space as a selling point when you decide to sell in the future.
- If you have an attic, this is the perfect place for a simple expansion. You can turn the space into an extra bedroom, a guest room, a workspace, or a playroom. If the space is cramped and has limited or no natural light coming in, adding a dormer window is a perfect solution. The windows allow natural light to come in and offer beautiful and relaxing outdoor views of treetops and the sky.
- Another way to add more usable space to your home is by adding a new room. You can divide a large space to make two different rooms or enclose a dead space or an idle corner to turn it into a small work nook. You can also build a room extension on an underused part in your backyard.
- Likewise, if you have an underused patio, you can turn it into a sun-room-slash-den by enclosing it. This way, you can enjoy the space more and enjoy the outdoors without being exposed to the elements.
Improving Home Exterior
The exterior design of your home is just as important and valuable as its interior design. If you want your home to create a good first impression with your visitors and prospective buyers, you should enhance its exterior look.
- Clean and evenly painted walls can do a lot for the appearance of your home. If you want to go for a long-lasting, low-maintenance outdoor design, installing sidings would be the best option. Sidings protect the exterior walls and help insulate your home.
- To update the look of your home, replacing an outdated front door with a new one will certainly do the trick. It’s a quick and inexpensive way to instantly change the appearance of your home from the outside.
- To create a structured outdoor space, you can divide certain areas using hedging and landscaping techniques. Adding a walkway is a simple and easy way to add a touch of elegance to your outdoor space. Separating the garage area using hedging or plant boxes gives it a polished look.
- For your backyard space, you can turn it into a relaxing outdoor paradise without going overboard. Think faux grass carpet, wooden floor decking, and a mini edible or fragrant garden to make good use of the space. With help from using practical outdoor furniture, your space can be functional and complete.
While a backyard outdoor space may not have an effect on your asking price, it can boost the wow factor and outdoor appeal of your home. It can also be used as a selling point to push and finalize the sale. This upgrade can appeal to a certain demographic and even set your home apart from the rest of their choices.
These practical home improvement projects can surely boost the curb appeal and value of your property. In addition, you get to enjoy a beautiful, functional, and relaxing living space that came from your efforts of home improvement.