With the ever-increasing price of real estate, many homeowners are looking to update their existing home versus relocating to a newly built or recently renovated home.

By Marble Tradition Latest News March 13, 2020

What Home Improvements Add The Most Value?

With the ever-increasing price of real estate, many homeowners are looking to update their existing homes versus relocating to a newly built or recently renovated home. Renovating the home you are currently living in is not easy as you are navigating around a construction zone and dealing with the noise and dust.

However, electing to renovate your current home has a lot of upsides as well, you get to select the areas of your home to update and have them customized to meet your style and budget. The key is choosing upgrades that not only satisfy your tastes but that also add value to your property and will yield a return on your investment if you do decide to relocate in the future.

The upgrades outlined below will not only help you enjoy your home but will also increase the value of your home:

1. Spruce Up the Exterior of Your Home

Attractive landscaping shows pride of ownership and implies your home is well-maintained. Updating your landscaping is a quick and low-cost way to make your home stand out, add a few planters along walkways, apply mulch to flower beds, and plant both perennials and annuals to brighten up the front of your home. Other ways to make your house stand out to include repainting your front door a bold colour such as a dark red, or forest green just make sure whatever colour you choose, it matches the rest of the exterior. Replacing your garage door will help bring a fresh look and feel to your home.

2. Replacing Carpeted Areas With Hardwood Floors

This will help bring a new sense of elegance and style to any room. If you have old faded or worn out hardwood you may consider refinishing your existing floor. It is said that new wood flooring recoups 90%+ of the cost when it comes to the resale of a home. If you have pets in the home or your floors have extremely visible ware on them, it is always a good idea to update the floors prior to putting your home on the market.

3. Freshly Painted Home

There is just something about a freshly painted home that helps lift spirits. Repainting your home will make your home brighter and more vibrant, and covering up old scuffs and marks just feels good. There are hundreds of colours and shades available for you to customize your home to suit your style, just remember that darker colour will take a few extra coats of paint to cover when you are looking to sell. Light, neutral wall colours are a good choice if you see yourself putting your home on the market in the near future.

4. Kitchen Renovation

A remodeled kitchen is probably the most popular choice when it comes to home upgrades after all the kitchen is considered the heart of the home. Investing in updating your kitchen is normally a good investment as long as you don’t go too extravagant. Your kitchen should not be considered grand versus the rest of the home. A kitchen remodel will yield between 70%-100%+ ROI, so remodel to meet your needs and enjoy the upgrades with your friends and family knowing that if your home goes on the market, potential buyers will appreciate the update as well.

5. Bathroom Renovation

Impress your guests with a stunning bathroom renovation. The bathroom is where you spend your most private moments, and there is no reason this room shouldn’t be elegant and spa-like. Updating any bathroom in your home will yield some strong returns, save the chicer updates like heated floors for the master bathroom, updated tile, vanities, and fixtures is enough to add the WOW factor to powder rooms and guest bathrooms.

When you are updating your home for your personal enjoyment go with what makes you happy. Just keep in mind when you are looking to put your home on the market, your personal style may not be shared by all, which will make it harder to find the right buyer. If selling your home isn’t in your plans, go ahead and pain your bedroom that canary yellow you always wanted. After all, it is your home.