Home renovations are time-, energy-, and money-consuming tasks. On top of that, they can also be very complex and stressful as you never know what can go wrong and even break your budget. However, we have to do them occasionally to improve our lifestyle, to be up to date, and of course, to increase the resale value of our homes. It does not matter whether you plan on selling your home this month, next year, or even in the next ten years, you must always keep in mind the renovations that will get you the best value for your dollar.
Luckily, we are here to help you out. We will share with you some ideas for hidden renovation projects and some things to have in mind when redecorating that are sure to increase the resale value of your home. Interested? Keep on reading for some tips and tricks.
Add More Space
Selling a home with cramped dark rooms will not be easy. To be honest, selling a home with those kinds of rooms may even be an impossible mission.
Thus, try to do everything in your power to add more space to your home. For instance, try to add an extra room or two if you can get a permit and your budget allows it. You could add an extra room or just size up the smaller rooms you already have.
However, if construction is not an option, try to create a different layout in your home. Be creative. Also, do not hesitate to call a professional and ask for advice. Interior designers can do wonders nowadays!
When remodeling, increasing the amount of light inside the home is usually the last thing people have in mind. But it shouldn’t be so! By increasing both natural and artificial light, you will visually add more space to your rooms with square footage remaining the same. And we already mentioned that adding more space (one way or another) is the number one thing that will increase the resale value of your home.
So, what you can do first is to add windows. Or, if this adjustment is not possible, you can make the existing ones larger. This will open up your home and make it feel spacious and airy. Then, consider knocking down some of the non-bearing walls to open up space.
However, keep in mind that this is a big project. As such, it may require you to move out temporarily and hire a contractor and a large team of workers. If you do opt for relocation during the process, do not forget to hire a team of moving experts too!
Finish the Basement and the Attic
As previously mentioned, you might not get a permit for adding another room or for sizing up existing ones. If that happens, there are other ways you can get more space. For instance, if you have an attic or a basement, invest in their complete renovation.
Do not renovate them so that they can be used as extra storage only. Renovate them so that they can become an entirely new living space. You can turn them into a playroom for the kids, a laundry room, an office, etc.
Moreover, if the space you are working with is huge, consider creating a rental there. Add a small kitchen, bathroom, and a living room/bedroom, and voila – you have a rental property. Not only will this be an additional source of income but it will also increase the resale value of your home by a lot!
Create a Home Office
If the year 2020 has taught us anything, it is that most of us need a home office. It is a necessity at this point. Thus, what better way to increase the resale value of your home than by creating a home office. It would be best if you had a spare room to use for this. Simply add some office furniture and you are done.
However, if you are already suffering from a lack of space, try to be creative. For instance, split one big room into two smaller ones. If that is not an option, try utilizing a corner of the master bedroom or the living room and converting it into a home office. We agree, this is not going to be easy, but if you manage to add a home office into your home, you will increase its value and prep your home for a fast sale.
Add a Deck or a Terrace
The final hidden renovation that will increase the resale value of your home is adding a deck or a terrace. Alternatively, you can simply renovate the one you already have and thus beautify your outdoor space.
Again, this project is not going to be cheap nor fast, so reevaluate your budget before you head out and buy construction materials and hire an expert to help you come up with some unique features. For instance, you can consider changing the tiles, adding some custom-built outdoor furniture, installing a fire pit or a hot tub, etc. Just focus on making changes that are unique and original, and you will increase the overall value of your home in no time.