Renovation Projects With The Best Return On Investment

Renovations with the Best Return of Investment

We’ve all been there. What started out as a quick look on the internet to learn how to best re-caulk your shower has now turned into a 4-hour YouTube hole that has you concerned that you are not doing enough to increase the value of your home.  

Home renovation is a serious attention grabber. Always has been. It’s exciting to change your space, and it’s well understood that a good renovation can go a long way to maximizing the value of your home.

So, it makes sense that there’s a lot of content created around home renovations. People eat it up.  

It’s fun to dream, of course, but when you are ready to act on your renovation desires, you should make sure that you are doing so for the right reasons. Don’t change for change’s sake. Rather, make sure any money you invest into the property is going to give you the best return on investment  

This article will highlight some renovations that will give you the best chance at increasing your home’s value through a renovation.  

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Paint it black (or green, or white, or…)

It almost seems too easy, but it’s true. Possibly the most cost-effective way to improve the look of your home is to simply add a fresh coat of paint to the interior walls

Painting is truly a low investment, high return proposition that takes minimum effort and causes limited disruption. It can often be completed over the course of a weekend.  

Although you might be tempted to D.I.Y it up here, the cost of hiring a professional painter is relatively low and their expertise invaluable. They will help select the right palette to best increase value and will also repair minor damage, skim the walls, and seal trim before applying the appropriate paint for each surface.  

You can’t make a second, first impression, so having sharp and clean walls can make all the difference if you are looking to sell your home.

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Let’s have a Kitchen Party!

Think back for a moment to when you decided to buy your home. We’d be willing to bet that the moment – the exact moment – when you knew you were going to make the space your own, you were standing in a particular room.

The kitchen. It’s the central hub of any home and if you have an outdated kitchen you are going to struggle to grab the attention of friends, family, and potential buyers.  

Although you can undertake an entire upgrade to your kitchen – and sometimes you may need to – you don’t have to do a lot to change a lot. Small things like installing new countertops, getting new appliances, upgrading tiles, and other minor things make a big difference in modernizing a kitchen and making it a part of your home to be proud of again.  

Everybody…spends time in the bathroom

There’s one room in the house that no one likes to talk about, but that everyone will silently judge you on. This is, of course, the bathroom. Not every guest you have in your home is going to see the Master Bedroom or your beautiful walk-in closet, but most are going to spend a few moments in the bathroom at some time.

So, upgrading your washroom can have a big effect.  

Like the kitchen, you can go all in and add a centerpiece like a jacuzzi tub, or walk-in shower, but if your budget is lower you can still do a lot to freshen the room up.  

A new back-splash, sink, shower, vanity, or other details can transform a bathroom from a place you must go to into a space you love to be in.  

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Stand up to bad flooring

Floors are like time machines. Well, outdated floors are, anyway.  

The thing is that a lot of people have outdated floors. Since it’s a part of the home that is dominated by trends, you can peg when a home was at its peak by looking down at your feet.  

The reason people are reluctant to replace the flooring is that it can be overwhelming. It’s a big job, but if you do your research well and hire the right contractor, it can make an old home seem young again. That, in turn, can vastly increase its value.  

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It’s the little things

When you think about a person in your life that’s really put together, what comes to mind?  

I bet that it is their attention to detail. The socks they wear, the way they keep their hair, their jewelry, things like that. Details matter. They show that you care about how you look, and people notice that.  

The same thing can be said about your house. Investing in new interior doors and hardware, crown moulding, baseboards, and other small touches can give new life to your home.  

Best of all, these are all relatively minor expenses and can be done over several months to spread the expense out and limit the disruption to your live. Make it a summer project to update one thing each weekend.  

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It’s easy being green  

Older homes have a lot of charm. Also drafts.  

So a good renovation project that can not only increase the value of your home but also save you money every month then you should be looking to make your home green.  

You can replace older doors and windows with energy-efficient ones. Not only will that improve the look of your home, but it will also save you money each month on energy.  

Not to mention make you feel better about doing your part for the environment.  

Those are just a few solutions that may meet your renovation needs. Watch the MoveBuddy app for more ideas in the days ahead.  

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