Homeowners tend to renovate their houses every few years. With the changing lifestyle, you might want to customize the existing spaces according to your requirements. However, it is also recommended to consider the aspirations of future buyers, in case you want to sell your house after a certain period of time.
Certainly, the house renovation should include house maintenance to expect a good return. However, making a few renovations will ensure the best resale value of the house. According to reports, approximately 58% of new house buyers undergo home renovation. So why not incorporate their probable needs to increase your house value?
Evaluating and shortlisting the areas of improvements can be a time-taking process. You need to prioritize the more valuables than others to optimize your home renovation process in a limited budget. Here we have shortlisted some of the most important areas which can result in the high resale value of your house.
∙ Landscape your garden
The very first space that catches a buyer’s attention is the outdoor green space. It adds to the aesthetic appeal to the house and makes a very good first impression. Also owing to the current situations of lockdown, people would prefer having an excellent outdoor area to spend their time outdoors.
You can plan a patio or deck as a pleasant outdoor sitting or a theme-based landscape garden. It is recommended to consult a professional for landscaping or building a pool to ensure that your garden keeps up to the ongoing garden trends.
∙ Optimize floor area
If you happen to buy a house with differentiated living, dining, and kitchen area, try to eliminate partition walls to optimize the floor area. Moreover, people prefer open plan designs which promote a better visual connection between spaces. Retractable furniture will help you in making your living spaces multi-functional.
Houses with larger and open spaces tend to have a higher value, so plan your house accordingly. Or possibly convert a potential space into a bedroom, since most home buyers are always looking for more bedrooms in the house. This will hike your house value to a very considerable amount.
∙ Modify kitchens and bathrooms
According to Forbes, millennials are most likely to remodel kitchens and bathrooms as soon as they buy a new house. Since these are high- traffic and high-use spaces, buyers have a keen interest in acquiring an up-to-date bathroom and modular kitchen.
You can modify the kitchen by replacing the old flooring with the latest tile or vinyl flooring. Further, you can incorporate new cabinets with built-in appliances to create a trendy kitchen.
As far as bathrooms are concerns, you need to ensure tight sanitary fittings along with all the basic bathrooms accessories.
∙ Roof repair and maintenance
Home renovations must include a strict check on roof conditions. A strong and sturdy roof ensures good house health. If your roof has developed leakage or wear and tear over time, it is time to get it inspected and do the recommended actions to revive its strength.
∙ Get your house inspected
Even after doing all the possible house renovations, it is always recommended to consult a certified home inspector to conduct a thorough house inspection. Professional help will enhance your knowledge towards ideal house health and you can plan your renovation accordingly.
If you plan to sell the house, your house has to go through an examination anyways, so why not do it beforehand? This will ensure your upper hand in front of the potential buyers and depict that you are way ahead of time in maintaining a health house throughout. You can also dodge costly fixes or concessions asked by the buyers.
It is recommended to consult a real estate agent to get real-time updates on the on-going trends and demands of homebuyers in the market. No one can advise you better than the field professional of your city. So appoint an experienced agent to suggest potential home renovation spaces as per the trending requirements in your area.
Also, besides the tips provided, it is always advised to make your house more energy-efficient and maintain cleanliness. This will surely add up to your house value to great extents.
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