Homeowners invest in remodeling for a wide range of reasons: to increase square footage, to modify out-of-date structures, to keep up with design trends, etc. But one thing that nearly every home improvement project has in common is the capacity to add serious value to your home. If you are looking to boost your home value before putting your house on the market, consider some of these remodeling projects guaranteed to give a great return on investment.
Which Remodeling Projects Add the Most Overall Home Value?
- Family Room/Kitchen Additions. Adding to your living space by increasing the size of your family room can also increase the total value that your home has. While a family room addition itself is one of the most affordable remodeling projects, it will give you a high return on investment: anywhere from 65 to 79 percent! As your family room is expanded, your kitchen can be as well. Kitchens are one of the most highly-trafficked rooms in your home, and so they are often in need of updating and renovations. A kitchen remodel takes care of all of this at once while providing you with a beautiful, functional space for cooking and family gatherings. Kitchen remodels also carry a high return on investment rate, at about 82.7 percent.
- Finished Basements. Too often, homeowners neglect their basements and only use them as temporary storage space. In reality, basements make up a significant portion of living space and have the potential to serve as an extra bedroom, recreational area, and more. House hunters often base their home-buying decisions on whether or not a property has a finished basement, so it is definitely a remodeling project worth considering.
- Bathroom Remodels. Outdated bathrooms do not have the fixtures and high-performance features that most homeowners and homeowners-to-be are on the lookout for. Giving your bathroom a modern makeover will make it a must-have part of your house!
Any addition, remodel, or renovation has the potential to increase your home’s overall value. When considering a remodeling project, be sure that you entrust the work to a contractor known for high-quality craftsmanship and attention to detail to get the most out of your investment.