When planning a home remodel, it’s important to consider not only your current needs and preferences but also the potential impact on your home’s resale value. While you may have no immediate plans to sell, keeping resale value in mind ensures that your investment pays off in the long run.
Whether you end up selling it in the future, or even if you just decide to refinance, focusing your renovation plans on combining both your personal preferences and the features that will increase your home’s appraised value is the most strategic way to design the project.
If coming up with a home remodel design is daunting to you, understand that we are here to help. Our designers are equipped with advanced technology to make sure you are confident about the plans before we get to work, making sure everything is constructed in accordance with building codes and in a way that will be functional, beautiful, and comfortable for you. Contact us any time to learn more.
Wondering how you can prioritize resale value while you make decisions about your home remodel? We have some tips to help.
Remodels to Help Boost Your Resale Value
Focus on High-ROI Projects
Not all home renovations will offer the same return on investment (ROI). Focus your renovation on home features with the best ROI to maximize your investment. Examples include kitchen upgrades, bathroom renovations, and adding extra living space. These projects are often attractive to buyers and can significantly enhance your home’s value.
Keep the Design Cohesive
Maintain a cohesive design throughout your home, both in the remodeled areas and existing spaces. A consistent design aesthetic creates a sense of flow and harmony, making your home more appealing to potential buyers. Avoid making drastic style or architectural changes that could clash with the overall design of the neighborhood or your home’s existing features.
If you are planning a whole house remodel or a new home construction, this will be much easier to achieve. On the other hand, if you are only renovating a room or two in the home, keep cohesiveness in mind as you choose architectural elements and color palettes.
Balance Personalization and Broad Appeal
While it’s essential to make your home reflect your personal style, aim for a balance between personalization and broad market appeal. Opting for timeless design choices and neutral color palettes that have widespread appeal in the major components of your home allows potential buyers to envision themselves living in the space, making it easier for them to project their own style onto it. You can then infuse your personal style in other areas that will be easier to change before listing your home in the future.
Upgrade the Key Features of the Home
Focus on upgrading key features of your home that have a significant impact on resale value. These include the kitchen,bathrooms, flooring, windows, and the roof. Potential buyers often prioritize these areas when considering a purchase. Upgrading these features not only improves functionality and aesthetics but also demonstrates the overall care and maintenance of your home.
Keep Energy Efficiency in Mind
Incorporating energy-efficient elements into your remodel can be a major selling point for potential buyers. Install energy-efficient appliances, LED lighting, smart thermostats, and consider improving insulation and sealing. Energy-efficient features not only reduce utility costs but also appeal to environmentally conscious buyers.
Maximize Storage
Adequate storage is always desirable to potential buyers. As you design your remodel, look for opportunities to maximize storage space and consider any pain points you currently have regarding storage in the home. This could include adding built-in cabinets, installing closet organizers, or utilizing underutilized areas such as basements or attics for additional storage.
Insist on Quality Work
When undertaking any remodeling project, ensure the work is done with high-quality materials and skilled workmanship. Cutting corners or using subpar materials can negatively impact your home’s resale value. Buyers value quality and will be willing to pay more for a home that has been well-maintained and thoughtfully remodeled, and inspectors will notice when something was not done correctly. That’s one of the reasons it matters so much to do your remodel according to building codes and work with a team you can trust.
When you are ready to learn more about designing a home renovation, we are here to help. Contact us any time.
