Thursday, August 29, 2019

Remodels with the Best ROI: Secrets to Increasing the Value of your Home

Improving a  home's curb appeal--including the entryway and garage door--is one of the most effective ways to increase a home's resale value.  
This post is the latest in my series on Home Design & Remodel.  Enjoy!  

Your primary objective with a home remodel is for your home to better suit your family's needs—perhaps a nursery addition for your newborn, a hobby room for your musical son, or a garage stall to keep your BMW out of the elements.

But let's face it: your home is one of the biggest (and smartest!) investments you've ever made.  And a remodel is an opportune moment to improve on it. 

From bathroom to kitchen remodels, to improving a home's curb appeal, consider these tips for getting the best ROI with your home remodel.


Kitchen Remodel

The kitchen is the nucleus of the home, so one of the first rooms a prospective buyer wants to see.  Refacing cabinets, improving countertops, and creating an open floor plan are all ways to make it a hot commodity.  Updating appliances is a smart move, too.

Bathroom Remodel

The bathroom is one of the highest trafficked room in the house and so crucial to resale value.  Upgrading your bathroom with trending features such as an open shower, a drying platform, and a bidet toilet makes your home desirable to future buyers.  Adding luxuries like heated flooring doesn't hurt, either.

Home Expansion

The phrase “the bigger the better” doesn't only apply to Nordstrom sales.  When you bump out your kitchen, add a great room, and design a luxury master bath above it, you increase the scope and scale of your home.  Accordingly, it enters a new price bracket.

Open Floor Plan

An open living room, kitchen, great room, and dining room is a trending look in luxury modern homes.  By knocking out the wall between your living room and kitchen, and perhaps adding a kitchen island, your home becomes a hot ticket item on any realtor's list.

Curb Appeal

First impressions don't only apply to job interviews!  Prospective buyers want to be  captivated from the moment they approach your home.  Upgrade the door, the entryway, and especially the garage door, and your ROI will really go through the roof.

Second Units

A second unit makes your home a stellar-sell.  Design your ADU with a separate entrance and the principles of universal design to make it multi-functional--perfect for ageing parents and VBRO!


Make the Most of Your Remodel Investment 

When planning your remodel, note that combining projects won't increase labor costs significantly.  The cement worker, plumber, or electrician will generally make one trip to your home regardless of how many projects they're working on. 

So if you're adding a mudroom onto your garage, it's good money sense to replace the garage door at the same time.  Or if you're bumping out the kitchen, reface the cabinets, too.

What change are most itching to make to your living space?  

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*This blog post is excerpted from my eBook on Additions & Conversions.  Read the whole book here!  And read more posts from my Home Design & Remodel blog series here!  

2 comments

  1. Remodeling the kitchen first is the best investment you can make. When I look at house listings, the first thing that really attracts me is the kitchen. Is there a marble top or is it tiled? Bathroom is so important too - I know I don't want to have to deal with some dirty walls and such. Thanks for sharing all of these tips!

    Nancy ♥ exquisitely.me

    ReplyDelete
  2. Most homebuyers think like you, Nancy. Kitchen and bathrooms are so important.

    ReplyDelete

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