If you are looking to do a few updates on your home, you probably want to spend the money where you will get the most value and make the biggest impact. It can be tempting to base your updates on aesthetics only, but there are a few renovations that provide the most bang for your buck. Here are three home improvement projects that will really count.
Make a Bathroom Addition
If you are looking to sell, adding a bathroom can increase the value of your home by close to 10%. If your home has a minimal number of bathrooms, adding a new one might be your best use of resources. Even if you aren’t looking to sell anytime soon, another bathroom can bring a great deal of increased functionality, especially if your family finds getting ready in the morning a big challenge with the current space. If you don’t have the square footage to add a new bathroom, consider remodeling an existing bathroom. You can increase the usable space with Jack and Jill sinks, two vanities, and increased storage.
Redo Your Kitchen
The kitchen tends to be the gathering place of the family. Everyone loves to eat, and people want a warm, bright, open, functional kitchen. If you are considering putting your home on the market, a modern kitchen is a must-have for many prospective buyers. As far as your personal use goes, the kitchen is typically one of the most-utilized spaces in the house. Preparing and eating three meals a day can take a lot of space, storage, and work. A custom kitchen setup can improve efficiency and be tailored to your specific needs. Think about including plenty of storage, modern appliances, updated plumbing, any specific culinary needs, and attractive accents.
Add a Bedroom
Adding a new bedroom or converting an unfinished basement into a bedroom can greatly increase the value of your home. This is because both the square footage and number of bedrooms is increased, both of which affect home value. An office or loft can easily be turned into a bedroom by adding a closet and, if needed, some walls. Finishing a basement is more involved but provides a fantastic return on your investment. Especially if you can include living space and a bathroom along with the new basement bedroom.
If you have some money to spend on renovations, use it where it will really count. Consider adding a bathroom, a bedroom, or remodeling your kitchen to get the most bounce for the ounce!
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