If you are thinking about renovating your home with features that will add comfort or beauty, consider those that will increase your home’s value. While you may not be planning to sell your house any time soon, you might decide to apply for a home equity line of credit based on your home’s market value. Here are some of the most common updates that may help to make your home more valuable.
Workspace or Leisure Area
With more people working from home these days, you may be thinking about updating or adding a home office. This special space will enhance your home since it serves as a home base for employment or a serious hobby. Another favorite home space is the family room where everyone can enjoy entertainment and leisure activities like television, music, or video games. A study area can be established in a relatively small nook or cranny that will not serve another useful purpose.
If you are caring for an elderly or physically challenged person in your home, you might want to update your bathroom with equipment that is ADA compliant. A taller toilet, shower handrails, and a wall rail help to make a bathroom safer for those who are less steady on their feet. Most homes can likewise benefit by having an extra bathroom for family members or guests. Even in a small household, an added bathroom comes in handy if a toilet backs up or a sink overflows in the other one.
Residential kitchen remodeling is one of the most common renovations that tend to increase your home value. Since we often spend a lot of time in the kitchen, this should be a highly functional and attractive area. Updated appliances like a refrigerator, stove, and dishwasher provide essential support for cooking activities. Improved lighting, especially over the sink and countertops, facilitate food preparation and cleanup. You can add or update your storage areas with new cupboards and a utility cabinet.
Don’t overlook opportunities to enhance the curb appeal of your home as well as the outside leisure and entertainment options. A new patio is great for family and friends to relax and celebrate special occasions in nice weather. Spruce up your yard with fresh landscaping and weed removal to enjoy seasonal blooms and foliage. Paint the front door and enhance the front porch to impress observers and guests.
Work with your available budget to make the most of your renovation. Improvements like these will make you and others appreciate your home more than ever.