Are you planning a home renovation project? Whether it’s a complete remodel or a simple refresh, it can be helpful to know if your home value is bound to increase. Not only will you be more likely to take the plunge and schedule the work to begin, but you’ll feel better about the investment as well!

Whether you’re looking to improve the enjoyment of your home or planning to sell in the near future, here are some of the best renovations to help increase your home value.

Plan an Addition

What better way to boost the appeal and value of your home, than increasing the square footage, functionality and versatility all at once?

With an addition, you can increase the space within your home, while also providing an additional area that can be used for whichever purpose makes the most sense for the homeowner.

This extension could be used to expand a living space, revise your interior layout or even help you create the master bedroom of your dreams!

When it comes to the value of your home, size always matters.

Kitchen Upgrade

Nothing puts a damper on a house quite like an outdated kitchen.

It’s hard to deny that the kitchen feels like the heart of your home. It’s where meals are prepared, heartfelt conversations are had and amazing food is enjoyed. For many, it’s a place of comfort and relaxation. To help ensure that your kitchen is functional, stylish and meets the individual needs of your family, an upgrade may be in order.

You may want to consider updating the following elements of your kitchen:

Appliances
Countertops
Cabinet doors
Flooring
Backsplash
Paint
Fixtures

The best part? Giving your kitchen a must-needed update is a great way to boost the value! Not many things peak the interest of a potential buyer quite like a refreshing kitchen space.

Outdoor Living Space

Spend more time with family, enjoy the sounds of nature and invest in an outdoor space you can really take pride in. If the pandemic taught us anything, it’s that the function and appeal of our backyards is so important. Now more than ever, potential buyers are seeking homes that have an updated outdoor living space.

How you invest in your outdoor space will depend on a number of factors, such as your location, the current state of your space, the layout, and of course, your budget. The sky really is the limit when it comes to creating an outdoor living space that’s built for enjoyment, so creating a strategy can help ensure that your budget is used accordingly.

While some may opt to revamp or create a patio, deck or seating area, others will add a fence for privacy, install lighting for ambiance, or take things a step further with a landscaping revamp.

Curb Appeal

With the right approach to curb appeal, you can sell a potential buyer on your house before they have even stepped through the door! The combination of a beautiful garden, freshly-manicured lawn, updated walkways, and ambient outdoor lighting can really bring your space together!

When updating your curb appeal, you may want to consider the following:

Repairing damage
Updating house numbers
Investing in landscaping
Adding exterior lighting
Removing clutter or garbage

If you aren’t quite sure where to begin, try going for a walk around your neighborhood for some much-needed inspiration! For more information, take a look at our comprehensive guide to curb appeal!

Paint

Have you considered painting the interior or exterior of your home? Opting for a neutral colour palette can often make your home more desirable to potential buyers and, in turn, help to drive the price upwards.

With neutral tones such as white, gray or beige, it’s much easier for another individual or family to envision living in your home. Not to mention that it can create a better flow from room to room, making it much easier to stage and decorate prior to a showing.

If the exterior of your home has seen better days, hiring a professional to apply a coat of paint can really help to take your curb appeal to the next level. Not to mention boost the value of your home!

To help you get started, here are some of the best paint colours for your home!

Plant a Tree

Planting a tree can most definitely add both value and appeal to your home!

Not only are trees beautiful to look at, but they also offer the following benefits:

Added privacy
Create a home for nature
Provide shade in the summer

It’s important to keep in mind that planting a tree can take time, so this is one investment that you may want to consider sooner rather than later.

Visually Increase the Size

Did you know that certain adjustments within your home can help to visually increase the size? This means that a room or space will appear larger, without actually increasing the square footage or making any major changes!

Here are some of the best ways to help your home appear larger:

Replace heavy curtains with blinds or shutters that let some light in
Add a large vertical mirror that is mounted to the wall
Reduce clutter with added organization and storage
Create more function with a seamless room layout
Remove pieces of furniture to open up the floor space

How will you visually increase the size of your home?

Time to List Your Home?

With the right approach, strategy and guidance, you can make the right improvements to help boost the value and appeal of your home. Once it’s time to sell, our experts at Lisa Cox Real Estate are here to help you!

With the support and knowledge of an expert team, you can help your home make a real splash in the local real estate market. For more information, contact us today or browse the other helpful articles in our blog!