If you’re planning on selling your home at any point in the future it’s important to consider renovations that will maximize your selling price. The following are the top renovations that will produce the highest ROI.
Kitchen
Have you ever noticed how the family tends to gravitate to the kitchen? The kitchen really is the heart of the home and an updated kitchen can add tremendous value to your home. Counter and cabinet space is a must and granite counter tops are very popular.
Replace old appliances with energy-efficient models. Energy Star-rated appliances are better for the environment, and they also help you save money, because they use less energy.
For more design ideas take a look at our post on 2015 Kitchen Design Trends.
Bathrooms
While the kitchen should be the focal point of your home renovations, according to the National Home Buyer’s Association, in 2011 bathrooms became more important to home buyers than kitchens.
Although since 2011 the kitchen has once again become the focal point, bathrooms are certainly also very good investments. The bathroom should not only look clean and functional, it should also have a nice color scheme and accent features for an even wider appeal that will improve the look overall.
If you have the space, the more bathrooms the better. If you have the space to add one on every floor, go for it!
Remodeled Basement
There’s no need to consider adding an addition to your home when you already have an empty basement downstairs. Basements can easily be converted into home theaters, bar rooms, recreation areas, and bedrooms. Regardless of its use, your lower level should include a bathroom as this will greatly increase the value.
Try avoid a lot of rooms and hallways in the basement as it will make the area feel small and dark. Keep the space open and include plenty of lighting.