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How to Increase Your Home’s Value by Remodeling

There are many HGTV shows that demonstrate that by investing in the design and updates, one can sell their house for dramatically more money. However, their home remodeling timeline is not realistic. They have a TV production deadline, so before they even start, the budget is set with a 25% contingency fund for the unknown, the design and scope of work is done, the materials are ordered (the homeowners don’t get to pick what is used) and the labor is lined up so they can hit the ground running. You may have noticed that they can have multiple trades on site, and sometimes work into the night. Realistically, a home remodeling project will take at least twice as long to build, and the process of determining the design, scope of work, permitting, selection and ordering materials and fitting into a schedule could take weeks even before the construction starts. If you might be selling in a few years, or you want be ready for when it is a buyer’s market in real estate again, it would be wise to get your remodeling done now so you can enjoy it for a while, and be ready when you determine it is time to sell.

There are a few things that recoup as much or more than the cost of the home remodeling, but by making your home more current and attractive, it sets itself apart and can result in a quicker sale or better yet, multiple bids driving up the sale price. Most buyers want a home that is move in ready. The remaining value of getting to experience living in a beautiful home, is that it is priceless. These are the top five home remodeling projects that increase one’s home value.

  • Kitchen Remodeling Quality cabinetry and countertops, ample storage and prep space, energy efficient stainless steel appliances, tile backsplash, and an island with seating and pendant lighting. Most buyers want an open concept to be able to see where people are congregating while working in the kitchen. Tip: Don’t buy high end gourmet cooking appliances if you don’t need them. It can be easy to overspend in that area.
  • Bathroom Remodeling A spa-like, accessible master bathroom with a no-threshold shower, separate tub, smart storage to keep counters clear, double vanity with good lighting, and water conserving appliances. Tip: It can be easy to overspend on shower tile. Go for a beautiful look with budget friendly material choices.
  • Functional Floor plan for good traffic flow and sight lines with and lots of natural lighting from energy efficient windows to make the home seem spacious. Include a great outdoor living room (which may include an outdoor kitchen) to utilize the backyard, eliminating columns that break up the space. Tip: A well designed outdoor living room adds useable space without the cost of doing an addition.
  • Custom Master Bedroom Closet A walk in closet with lots of storage that includes shelving, drawers, a space to sit and dress, offering proper height for packing a suitcase.
  • Additional Master Bedroom Suite It can be a guest suite, a new Master Bedroom, or a casita depending on desired use. It could be that your current Master Bedroom does not have the space for the bathroom and closet you want, so it makes sense to convert an existing bedroom by adding on the master bathroom and closet.  You may want a casita or guest house to have a separate space for an office, entertaining (man cave), or for a hobby or ministry, or if you plan on long term guests.

Happy Home Remodeling!

Strength and dignity are her clothing, and she laughs at the time to come. She opens her mouth with wisdom, and the teaching of kindness is on her tongue. She looks well to the ways of her household and does not eat the bread of idleness. Her children rise up and call her blessed; her husband also, and he praises her: “Many women have done excellently, but you surpass them all.”   Proverbs 31:25-30

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