3 Renovations That Can Increase Your Home's Value

Renovating your home is a great choice, mostly because of the many ways in which it can benefit you. A home renovation can make your home more aesthetically pleasing or increase the value of your home. Three renovations to consider that can increase your home's value are accessory apartments, additional bathrooms, and kitchen improvements.

Accessory Apartment

Building an accessory apartment is a very good choice for a renovation project because it can benefit you in a variety of ways. If you choose to keep your home, the accessory apartment can be rented out in order to earn a bit of extra money, or simply to help you pay your mortgage.

In addition, if you have any guests visiting for an extended period of time, you can let them stay in the accessory apartment. This will allow you and your guests to be more comfortable because there will be more privacy for everyone involved.

This option also increases your home value because that accessory apartment will consist of an extra bedroom, kitchen, bathroom, and living area. Also, the income potential will cause potential home buyers to be willing to offer a bit more for your home.

Additional Bathrooms

Another great renovation project is to build a new bathroom in your home. Improving or adding bathrooms will increase your home's value by between 10-20%, depending on the type of bathroom you build. A full bathroom will provide a greater return on your investment.

In addition, adding more bathrooms makes your home a bit easier to sell. Many prospective home buyers will prefer to buy a home that has the same number of bathrooms as bedrooms. In addition, the more bathrooms you have the easier it will be to sell your home if you are located in an area where larger families are common, mostly because the family will not want to have to worry about fighting for bathroom time and space.

Kitchen Improvements

Kitchen improvements are also a great way to improve on your home values. One of the best improvements you can make to your kitchen is to replace your countertops with granite or quartz countertops. These countertops are highly sought after by home buyers because of their durability and aesthetic appeal.

In addition, updating the appliances with modern ones will make your house easier to sell and can increase the amount you are offered for the home. This is because many home buyers do not want to have the hassle of replacing outdated appliances as soon as they move in.

Speak to a contractor today in order to discuss the many possible renovations that he or she can perform for you. Kitchen improvements can make your home more aesthetically pleasing to home buyers, while bathroom additions will increase home values and appeal to larger families. Finally, an accessory apartment will appeal to any home buyer that is interested in owning a rental property that can help him or her with the mortgage.