The Best and Worst Home Renovations You Can Do
When selling your home, it’s important that your house looks its best! It’s easy to get overwhelmed when considering renovations, so today we talked to Alan, a seasoned real estate investor, about the best and worst home renovations you can do to improve the value of your home!
The Best and Most Cost-Effective
You don’t need to spend a fortune to increase the value of your home. Some of the most important renovations are aesthetic enhancements to existing parts of the house, especially in the kitchen and bathroom.
Here’s what we suggest to get the biggest bang for your buck:
- A fresh coat of paint on the exterior or interior in a nice, neutral color, will do wonders for the value of your home. Potential buyers will be able to envision themselves in your house if it looks bright, clean, and well-maintained.
- Minor renovations to your kitchen and bathroom will provide you the biggest return on your investment. Adding new hardware, painting the cabinets, and adding stainless steel appliances are all great examples of valuable updates.
The Worst and Most Expensive
As tempting as it may be to start large renovation projects, it often requires far more time and money than you anticipated and doesn’t always increase your home’s value.
We suggest you focus on what can be enhanced about your existing home and stay clear of:
- Adding new rooms or bathrooms
- Finishing your basement or attic
- Installing a pool or garage
So there you have it – Some of the best renovations you can do to increase the value of your home are ALSO the most cost-effective!
Thanks for reading this week’s Theory Thursday, and happy renovating!