We’ve watched those couples on HGTV’s “Love It or List It”. It never fails. Hillary’s poor contractor Eddie has to deliver the bad news. “The cost of this renovated basement/ playroom has doubled due to the removal of this support beam essential to the home’s foundation.” Both homeowners get upset and David swoops in with a new listing. The spouse that’s against renovation because it’s doesn’t increase the value of the home is wins!
We as viewers just can’t get enough of the drama. But, when it comes to our own homes it’s a different story. Deciding what renovations are worth the cost can be frustrating. We want it all just the way we like it. But, we don’t want to overspend on renovations that don’t increase the value of the home.
To help with this process we’ve come up with four renovations that can increase the value of any home.
Flooring: You have a few options when it comes to flooring. But, hands down the most popular flooring choice is hardwood. If you have carpet in your home a excellent upgrade would be natural hardwood floors. In older homes you may have a hidden treasure underneath the carpet. In many older homes natural hardwood floors are original to the house. The 60’s and 70’s came along and brought with them popular shag carpeting.So, those wonderful jewels were hidden. Restoring the original floors can be a win win in terms of practicality, cost and value. A cost efficient option that will still add value is engineered wood flooring.
Kitchen Upgrades: The kitchen is often thought of as the center of the home. Remodeling companies and contractors know this and you can easily blow your budget on a kitchen renovation. A few key upgrades to keep in mind when tackling a kitchen remodel are counter tops, open floor plans and appliances. First upgrading your appliances to stainless steel is a very simple improvement that doesn’t have to be expensive. Change out the laminate counter tops for quartz or granite if it makes sense. Because the kitchen is the heart of the home people want to feel connected to it. So, if possible remove walls that separate the kitchen from the living room or dining room. This will give you a more open feel.
Bathroom Remodel: One of the most simple but effective things you can do to upgrade a master bathroom is hide the toilet. Separating it from the rest of the space is more aesthetically pleasing and adds to the functionality of the room. Counter space and simple shower upgrades can also go a long way.