Home renovations can add considerable value to your property, and they don’t need to be major changes. In 2018, the American renovation industry was worth a whopping $350 billion, and that figure has only climbed after the events of 2020/2021. Whether you’re putting a new shower in your bathroom or painting your living room walls, the areas below are the most popular for renovating, which indicates they’re worth more to buyers – continue reading to find out more.
The kitchen has become a social hub, with families wanting more out of the space than simply cooking. People are trying to create living spaces in their kitchens, including cozy areas to read or watch TV. Kitchen renovations can be as simple as adding in a table, some stylish chairs, and a shelving unit. Alternatively, you may be looking to tear up your entire kitchen and replace it with a new layout. However, you will need to consider the location of the existing plumbing. However, if you’re set on having your kitchen sink in a different location, you need a plumbing St Louis MO expert.
Adding a room to your home will increase its value considerably, which is why many people renovate their loft. After all, what’s the point in having an empty room sat at the top of the house. There are many purposes to suit a loft including guest bedrooms, office spaces, and workshops. However, before you start planning, you will need to consider the strength of the flooring and the quality of your roofing.
Cars are getting smarter and more expensive, which is why people need somewhere to keep them secure. A garage renovation increases value by making the home safer, which is a sought-after feature in today’s market. You can make simple changes to your garage like replacing the door, or make it more complex, like adding electricity to make the room more functional.
Bathroom renovations can add around 5% value to your property, which can account for your initial investment. Small renovations like installing extractor fans, retiling the walls, and putting in a new shower are great ways to get started. However, if you’re wanting to fully remodel the room, you will need to consider the plumbing as well.
People spend a lot of time in their living rooms, and they came to appreciate the space during the Covid-19 pandemic, which has made it a popular room to renovate. There are countless changes you can make including adding more natural light, placing houseplants, and painting the walls. Alternatively, you can change the entire aesthetic of your living room, which can add more value depending on the type of buyers in the area. For example, if all of the buyers are young, you should aim for a more modern style.
Renovating your property can add considerable value, and you don’t need to spend a fortune. You can make simple changes to the rooms outlined above, and you’ll see a great return on investment.