Property renovations can be an exciting journey; as you’re waiting for your brand new and renovated home, you eagerly imagine what it would mean for you and your family. Renovating your home can be beneficial in various ways, whether you’re creating a more beautiful environment for your family or trying to increase the value of your property before selling. However, when you do renovations, it’s essential to consider the value of what you’re spending in contrast with how much it will mean for your property value. This article will look at the four best areas to renovate when you want to increase your property value.
Image by Jean van der Meulen from PixabayÂ
1 Flooring
Anyone who has ever been in a house with old and worn flooring, or even worse – carpeting- knows how much better it is to walk on hardwood floors. Whether you like the look of wood, laminate, tiles, or stone, having new flooring can be an excellent way to upgrade your property value.
Benefits: The first benefit that comes from renovated wooden floors is their durability and quality. Wooden floors last anywhere between 20-30 years longer than other ground coverings and have a high aesthetic appeal! When compared with carpets which only last for about five years before they need replacing again at least once; this makes them worth every penny spent!
2 Bathrooms
It’s no secret that bathrooms are one of the places in a home where you spend more time than anywhere else. Therefore, it is crucial to have a functional, beautiful, and updated bathroom with how often we use them. A new shower or bathtub can be an excellent way to make your bathroom feel like a luxurious spa every day!
Benefits: What’s even better about renovated bathrooms? They increase property value by up 26%. This means if you’re looking at getting your floors replaced before selling, remodeling your bathrooms will provide a higher return on investment for yourself as well as help get potential buyers interested in purchasing your house.
3 Patio
Renovating your patio is a great way to increase the value of your property. A new deck or even retractable outdoor blinds can be an excellent addition for hosting outdoor events, as well as adding more living space in what may not otherwise have been considered habitable before.
Benefits: When you renovate patios they can increase property values by up to 21%. This means it’s going to cost less than most other renovations that will give such high returns! There are also many different options for materials and design- there isn’t any downside here! Patio renovation is a must if you want to make full use of your backyard space.
4 Roofing
A roof is the first thing people see when they approach your house from a distance. So if you’re still living in an old home with green shingles, or if it’s time for repairs- then now may be the perfect opportunity to update your roof!
Benefits: A new and renovated roof will provide up to 19% increase in property value. This means that not only are you going to get more money back on your investment, but it offers all sorts of benefits for years after installation.
When you’re renovating and focussing on the parts that will offer the best return on investment, you’re practically making money by renovating your home.
