5 Ways to Increase your Home Value With Renovation Projects

Investing money into remodeling your home now can pay off in the long run when you decide to sell it.

Investing money into remodeling your home now can pay off in the long run when you decide to sell it. Whether you’re considering a major remodeling project or a minor one, certain kinds of projects provide a significant return on your investment by boosting your home value. Keep the following ideas in mind when you explore your options for home remodeling contractors in Carlsbad.

Second Bathroom

Having a second bathroom in your home offers a lot of convenience, whether you have a growing family or frequent guests. Bathrooms in general play a big part in determining your home’s value overall, so what can you expect when you add a second one? According to Remodeling, the national average for the cost recouped is 58.1 percent for an upscale bathroom addition or 60.6 percent for a mid-range bathroom addition.

Deck Addition

Adding a deck onto your home provides you with an outdoor living space for enjoying the fresh air and sunshine. From simple, uncovered wood decks to elaborate decks with an outdoor kitchen or grilling station, you’ll find a wide range of designs to consider. Having a deck built onto your home has a high return on investment and improves your home value. Based on national averages, you can expect to recoup roughly 75 percent of the cost of a midrange wood deck or around 70 percent of the cost of a midrange composite deck.

Fresh Paint

Putting a fresh coat of paint on the outside and inside of your house is a simple yet effective way to raise your home value. Depending on the colors you choose, having professional exterior and interior painting done could add up to 3 percent to your home sale when you eventually put your house on the market.

Major Kitchen Remodel

Kitchens are also a major factor when it comes to determining home values. Doing a major kitchen remodel, such as having new countertops, floors and cabinets installed, can be a smart investment for boosting your home’s value. With a major remodel, the national average recoup rate is 59.7 percent for upscale remodels and 62.1 percent for mid-range remodels.

Walk-in Closet

The demand for walk-in closets has been growing, since they provide a considerable amount of extra storage space in homes. This increase in demand also means they’re a good way to make your home worth more on the market. Adding a walk-in closet with custom features, such as built-in shelves, can raise your home value even higher.

When you decide to remodel your home to increase its value, making sure you have a high-quality, reliable contractor to handle your renovations is essential. Contact TNT Design & Build to learn more about our home remodeling services in Carlsbad, including kitchen remodeling, bathroom remodels, home additions, and exterior remodeling including paint and deck additions.