8 Renovations That Can Increase The Value Of Your Home

Renovations can be a great way to increase the worth of your home. But with rising costs of materials, it can be challenging to know what is worth doing. Some renovations add value to your home and help it sell for more, while others don’t. 

While we’ve all heard that upgraded kitchens and bathrooms add value to our homes, with the shifts that have happened with the pandemic, home offices, entertainment spaces, and functional backyards have become crucial for buyers. 

Renovations are not cheap (or easy if you’re a DIYer) so if you’re going to be spending the time, money, and stress going through renovations in your home, you want to make sure that it’s going to be worth it. You want those renovations to increase the worth of your home. 

These renovations have been proven to have a high return on investment for homeowners. Let’s take a look… 

Finish That Basement 

The one thing that people want more of, especially since the pandemic, is more space at home. By finishing your basement, you’re adding more livable square footage. If you do renovate your basement, consider creating some of the other spaces that we talk about in this list in your renovated basement to help add even more value to your home.

In-law Suites 

In-law suites have become increasingly popular over the pandemic. It offers a fully at-home office where remote workers can still feel like they’re “going to work” and be separate from the family without actually leaving home. It’s also been sought after by those who want to be able to have quarantine space that is fully separate from the family or by those who have needed to have sick, vulnerable, or elderly family members move in with them.

Kitchens With Quality Materials 

Updating and renovating your kitchen is still a great return on investment for the home. Pick high-quality materials since the kitchen is a high-traffic area and suffers from plenty of wear and tear. 

Kitchen Storage And Prep Space

Adding in an island, a double sink, or a walk-in pantry can also have high returns. Families are increasingly finding more need for additional storage and prep stations as members have different food restrictions, cook different meals, or do separate meal prep for the week. Plus, with people being home a lot more over the past two years, families are finding that they’re on top of one another in the kitchen. 

Dedicated Office 

With remote work becoming more and more the norm, people are looking for homes that have dedicated space for their at-home office. They want a space where they can close the door to block out the sound for Zoom meetings. They want a space large enough for their desk set up, and some storage for files or office equipment. Working at the kitchen table just isn’t cutting it any longer. 

Exercise Room or Wellness Space

Dedicated exercise rooms or wellness spaces are increasing in popularity. Having a room that is large enough to be a small home gym or to be a meditation and yoga space, whether that’s finishing the rest of a half-finished basement, converting a sunroom, or changing your sitting room, is a great return on investment. 

Double Sink Vanity 

Over the last two years, families and couples alike have felt like they’re living on top of one another day in, day out. With a double sink vanity, buyers see the ability to have personal space during busy mornings and a smoother daily routine. 

Functional Outdoor Space 

More and more people are wanting their house to function as both home and a haven to retreat to at the end of a long day. A beautifully functional outdoor space is highly coveted. Adding a large deck, an outdoor kitchen, or an outdoor fireplace is a great way to extend your home into your backyard. Even adding a firepit or a privacy fence can go a long way to making your outdoor space feel inviting and cozy.