Renovating a home improves its value and functionality. It will pay off if you decide to sell one day, and until then, you and your family can enjoy the renovations. If you want to improve your space, here are 3 impactful projects that add value to a home.
1. Finish Your Existing Basement
Don’t let your basement turn into wasted space. If your basement isn’t finished, renovating it is a great way to increase your home’s livable square footage. You can turn this space into a guest suite for visitors, a playroom for the kids, or even make some money with a short-term rental.
This is an expensive overhaul but adds significant value to your property. If you want more usable space in your home, finishing the basement is a great project to tackle.
2. Install a Spacious Deck in Your Backyard
A spacious deck will give any home a significant boost in value. If your home already has a small or older deck, replace it with a new, larger deck. Many buyers are influenced by outdoor living spaces as much as the indoors when shopping for a home. You will benefit from adding a new deck when it comes time to sell.
3. Update Your Kitchen to Add Value to a Home
People spend a lot of time in their kitchens. If you want to add value to a home, consider updating your kitchen. You can replace or resurface the cabinets. A fresh coat of paint and new hardware on cabinets and drawers goes a long way in improving the aesthetic.
Updating sink faucets and fixtures to more modern options is another easy way to update the kitchen. Add a backsplash if you are looking for a DIY project that can be completed over a weekend.