Renovations

5 House Renovations That Add Value to Your Home

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1. Finish off your basement

You will probably need several permits for this, but the time and money investment returns (roughly 70%) are worth it. Finishing off your basement by adding flooring, drywall, and other finishings can add a lot of value to your home since potential buyers are always looking for usable square footage.  

Photo: Decorilla

2. Remodel your bathroom

Replacing an outdated vanity, installing a double sink, doing plumbing maintenance, and updating lighting fixtures, tile floors, showers, tubs and toilets are sure-fire ways to increase the value of your home. Energy-efficient updates are also incredibly good for the resale value. Furthermore, thinking of ways where potential buyers can see themselves getting old in that home can also increase its value (adding a bench in the shower, for instance).

Photo: Kasia Fiszer

3. The kitchen

Convection microwaves, multiple sinks, a variety of refrigeration options, a ton of drawer and cabinet storage, and flexible pantry and refrigerator space have all become sought-after features. Your estimated ROI from walk-in pantries alone is 76%. Not bad, eh?

Photo: Second Nature

4. Update your outdoor structures

Fencing enhances security and privacy, and it also increases the value of your home. A deck is an expensive but worthwhile investment, because it gives a potential homeowner more usable space. Up to 80% of the investment can be reflected in the house’s new value through outdoor structures such as fire pits, for example.

Photo: Sara Tramp Ligorria

5. Curb appeal

First impressions matter. Having a beautiful front garden and fresh painting, for instance, shows that you take good care of your home and communicate value to potential buyers.

Photo: Design by Abigail Hazell/Landscaping by Belderbos Landscapes

Would you add anything to this list?

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