In some locations, the housing economy has made it difficult to sell your home. Many people are currently upside down on their mortgage, and finding extra money can be difficult. If you are looking for a great way to increase the value of your home before putting it on the market, a kitchen renovation may be just what you need. Below, we are going to take a look at some of the best parts of your home to renovate and how they stack up against a kitchen renovation in adding value and desirability to your home.
This is the one improvement that can increase your home’s value more than a kitchen renovation project if done correctly. This is unfortunately not a renovation that everyone can make. If you have an unfinished basement, attic, or even a spare room though, turning it into a bedroom is worth the cost. Generally speaking, when a buyer evaluates a home, they look at the kitchen, bathroom, and bedrooms as primary considerations. If you are going to add a bedroom, you may also find it beneficial to add some custom cabinetry to the closet as buyers love storage. Other considerations should be the finishing’s, color, and size of the room.
Those of you with a bathroom that looks like it is from 1960 (you know who I am talking too) a bathroom remodel can payoff. Some common areas that need to be updated are the floors, tile walls, and outdated colors on the tub, shower, sink, or toilet. Custom cabinetry is not just for a kitchen renovation anymore, so don’t be afraid to spend a little extra to increase the storage in your bathroom. If you are on a limited budget, you can now purchase paint to update your tub, but you should replace the toilet and countertop, as well as flooring.
The kitchen in your home is the central meeting place, social hub, and overall a very popular room. Undergoing a kitchen renovation can be somewhat uncomfortable, but the finished product will make it well worth your efforts. Aside from adding a bedroom, this is one of the best changes you can make to your home in terms of increasing value and functionality. Crown molding, hardwood floors, new appliances, and custom cabinetry are just a few ways you can improve your home’s value.
If you find yourself upside down on your mortgage and wanting to sell, scraping up the money for some renovations can help with the value and functionality of your home.