The Most Valuable Renovation Projects
Renovating your home can be daunting, especially when it comes to deciding which projects are worth investing in. With so many options available for potential upgrades, it's hard to know what will provide the most value. To simplify the process, we’ve compiled a list of some of the most valuable renovation projects this year.
1) Laundry area
Homes with a laundry area sell for $32,138 above the nation’s median list price of $397,862.
Renovating your laundry area can bring several benefits, including improved efficiency and convenience. A well-thought-out laundry renovation will make the space more useful by optimizing storage and layout. This can reduce the amount of time spent on chores and increase the overall productivity in the room.
2) Ceramic floors
Homes with ceramic floors sell for $73,088 above the nation’s median list price of $397,862.
Ceramic floors are a great choice for any home. They offer a number of benefits, including durability, ease of cleaning, and resistance to moisture damage. Installing ceramic tile can add value to your property both aesthetically and financially due to its popularity amongst homebuyers and long lifespan—ceramic tile can easily last 75-100 years!
3) Eat-in area
Homes with an eat-in area sell for $26,739 above the nation’s median list price of $397,862.
An eat-in kitchen is a kitchen with a designated space in the home for meals and snacks. It can be as simple as an eating nook or as elaborate as a full kitchen dining room. Eat-in areas are becoming more popular because they provide an opportunity to bring people together, creating an inviting atmosphere for conversations and shared meals. They also allow homeowners to use their space more efficiently by combining the kitchen and dining room into one multifunctional area.
Renovating an eat-in area can increase the aesthetic appeal of the space. It can also add more seating and provide a better layout that maximizes useability.
4) Home office
Renovating a home office has many benefits, both practical and financial. Practically speaking, redoing this area will provide an improved workspace with more efficient storage solutions and better-suited furniture for the user's specific needs, resulting in increased productivity and greater comfort while working from home.
Investing in landscape improvements can go beyond just aesthetic benefits, they offer financial benefits as well. According to Professor Mark S. Henry at Clemson University, leveling up your landscaping could increase your home’s value by 28%. Depending on what type of plants/trees/shrubs you choose, these renovations reduce energy bills by as much as $250 per year thanks to added shade during summer months. Both landscaping and features such as pools, fountains, and pergolas can add a level of visual impact to your property that can’t be understated, enhancing your lifestyle and backyard enjoyment.
Are any of these ideas inspiring you? If you’re looking to increase your home’s value or want to create a more attractive living space, we hope you’ve found some motivation to dive into your next home improvement project!
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Whether you’re thinking of putting your home on the market or just beginning your homeownership journey, contact us today! Our team of experienced real estate agents can help guide you through the process and make sure that everything goes smoothly. We look forward to hearing from you soon!