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Did you know that kitchen remodeling is the most popular home renovation project?
Unfortunately, this kind of project doesn’t make the list of home additions that create the most resale value for your home. If you’re looking to sell in the near future, you should focus on improvements in other areas of your home.
How do you know which kinds of projects to invest in? Keep reading to learn the highest-yield investments you can make when renovating, updating, and adding to your home.
1. Outdoor Upgrades
Curb appeal is huge in increasing the value of your home. With a few well-selected renovations and improvements, you can significantly increase the livable square footage of your home, helping you to net more money in the sale.
If you live in a warm and humid climate, add an inground pool to your backyard space. Make it large enough to be usable, but not so large that it overpowers the rest of your space.
Outdoor lighting and an outdoor kitchen help potential buyers see the backyard as an extension of the living space of the home. And with people spending more time at home than ever before, they’ll want as much living space as they can get. No matter what climate you live in, a deck is an incredible investment in your home’s value.
Be sure to construct it with weather-proofed, long-lasting materials. Check out sites like https://deckmastersak.com/ to learn how professionals can help you build the deck of your dreams.
2. Add Another Room
Creating additional rooms in your home may increase its value, but you have to be selective with what you build, and this also depends on the area you live in.
For example, in areas like LA, additional rooms add incredible value. In more spread-out areas like the Midwest, additional rooms are less of a priority.
If you have fewer than three bedrooms currently in your home, you can safely add bedrooms or convert existing space in your home into bedrooms. These projects will see a return on investment. After the third bedroom, though, you’ll start to see fewer and fewer returns.
Converting a partial bath into a full bath can also add value, but adding totally new bathrooms is not always the wise investment you think it will be. With today’s advent of remote and hybrid work, a home office addition will pique your buyers’ interest.
3. Finish Your Basement
When homeowners think of additions and upgrades, they don’t often think of the bottom-most floor.
However, depending on where you live in the country, finishing your basement can add thousands of dollars to the selling price of your home.
By adding insulation, drywall, lighting, and outdoor access, you increase the livable space of your home by hundreds of square feet, and buyers will definitely take notice.
Plan Your Home Additions Today
As you can see, not all home additions are created equal. However, taking on the right projects will add resale value to your home without breaking the bank.
Get started on your renovations today, and you’ll see incredible returns in the future! Looking for more design ideas for your home? Look through the other articles on our site now!