Top 5 Renovations to Increase Your Home’s Value

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Whether you’re thinking about selling your home or looking to increase the value of what is likely your greatest investment, adding value to your home by way of renovations is a great idea. Not only do you get the benefits of living in a new and improved space, but if you do decide to sell, you’ll be able to list at a higher price. But which renovations add the most value to your home? Read on for our top five value-increasing options.

#1. Add Square Footage to Your Home

This space-increasing renovation gives you the biggest bang for your buck. The more square footage you have, the more your home is worth. This can be accomplished in a variety of ways, depending on what you need and what works best for your space.

Adding on a room is the most common way to increase a home’s square footage, with the most popular option being the addition of a bedroom and/or bathroom. Many people also want to increase their living space with a larger kitchen or living room. Sometimes this also calls for a change to the footprint of the house. Making your floor plan more open and airy is an upgrade that’s sure to increase your value.

Another option is a bump-out. Also called micro-additions, bump-outs are additions of two to fifteen square feet. Usually, they don’t require much foundation or roofing work, so they are less expensive and still give you more space. A bump-out can change the feel and functionality of a room, giving you room for an extra bed in a bedroom, more seating in a living room, or a large island in your kitchen.

Finishing a basement or attic space is another way to add usable square footage to your home. Many times, a finished basement is the least expensive way to expand your space. Finished basements can be workout rooms, bedrooms, playrooms, small apartments, home offices, and more.

#2. Update Your Kitchen and Bathrooms

Renovating and updating your kitchen and bathrooms rank among the highest home improvements if you want a great ROI. According to Remodeling’s Cost vs Value report for our area in 2024, minor to midrange kitchen remodels recoup an average of 86.7% of money spent, and midrange bathroom remodels have an ROI of 70.3%. If you’re considering selling your home, a newly renovated and updated bathroom or kitchen can be the deciding factor for many potential buyers.

In the kitchen, a great place to start is by updating cabinets, adding a kitchen island, changing out lighting and appliances, and installing new flooring. To further improve the space, consider changing the kitchen’s footprint to make it larger, more open, or more functional. If you’re having trouble deciding what kitchen renovations your home needs, we can help. Look through some of our project gallery pages for ideas and reach out for some personalized assistance.

In the bathroom, consider making a small bathroom larger, replacing a tub/shower combo with a curbless spa shower, replacing the toilet and sink, and updating lighting and flooring. Renovated bathrooms look fresh, clean, and gorgeous and give you a great place to start and end your day.

#3. Build an Outdoor Space

Everyone loves a great outdoor room. Whether it’s a covered porch, a screened-in three-season room, or a sunny patio, it’s wonderful to have a place to host friends and family and enjoy being outside. Whether you’re designing the space for yourself or for potential buyers, an outdoor space will definitely increase your home’s value.

  • Consider building an outdoor kitchen complete with a built-in grill or pizza oven, a sink, a refrigerator, and plenty of counter space. Don’t forget a table or bar for people to sit at and enjoy their meal.

  • Outdoor fireplaces are very desirable and for good reason. Sitting outside in the chilly air with a fire to keep you warm is the best way to spend an evening. Gorgeous stone or brick fireplaces can become your backyard’s focal point.

  • An outdoor TV where you and your friends can watch the game can be a great way to gather people and make your home everyone’s favorite place to be.

#4. Add a Home Office or a Home Gym

During the pandemic, everyone had to stay home and learn to adapt. But in our post-Covid world, many people find that they still prefer to do certain activities at home. With work-from-home situations becoming more common and more permanent, a home office has become a desirable and sometimes necessary feature in today’s homes.

Home gyms are also very popular post-Covid. Many people find that having a dedicated gym space at home helps them stay consistent with their exercise goals. And the benefits of not having to drive, change clothes in a locker room, share equipment, or deal with gym hours are incredible.

Dedicated space for a home office or a home gym is a popular renovation that will pay off both for you now and for potential buyers in the future.

#5. Do Some Exterior Renovations

Increasing your home’s curb appeal may be the best way to get potential buyers to look twice at your home. It’s also a great way to increase your home’s value and your enjoyment of it. Again, the Cost vs Value Report states that exterior home renovations are the best way to increase your home’s value and increase your ROI.

  • Replacing your front door with a steel door gives you a stunning 198.9% ROI.

  • Replacing your garage doors gives you an 189.5% ROI–again, remarkable.

  • Installing fiber-cement siding gives you an ROI of 94%.

And the list goes on. Exterior renovations–like updating your roof, replacing windows and doors, repainting, and upgrading your siding–make your home look great. They show that you’ve cared for and updated your property. They also reduce the risk of costly repairs from leaking roofs and windows, termite damage, and more. Exterior renovations increase your home’s energy efficiency, saving you money today and making your home that much more appealing to future buyers later.

Ready to Invest in Your Home?

If you’re ready to start some of these great home renovations, contact us today. We serve Maryland, Virginia, and the DC area with excellence and integrity. We can talk you through what’s best for your home, and what renovations will make the biggest difference and help you meet your goals. Let’s make your home the best it can be!

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