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Need Renovations? Here Are the Best Improvements for Each Room in Your Home

Home renovation projects are fairly easy for many people to do. Most home renovations don’t require the help of a professional, although you should consult a professional roofer for your roof, an electrician for anything involving electricity, and a plumber for major plumbing changes.

Most homes have a living area, a kitchen, and at least one bedroom and one bathroom. Here are some of the best home improvement projects for each of those rooms, whether you’re looking to increase your property’s value, or if you’re trying to make a rental property more desirable.

Bathroom

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A complete bathroom renovation is one thing that many homeowners do when trying to increase the value of their homes. Replacing the tub, toilet, light fixtures, and sink and vanity will cost you around $10,000, but will add 102% more back to the value of your home.

If you have a rental property, a bathroom renovation will allow you to charge your tenants a little more. Other great features are smart appliances, such as a smart toilet. A smart toilet will save you money on energy costs, many are self-cleaning, and you don’t have to worry about it overflowing.

Bedroom

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Bedroom updates can be tricky since not all bedrooms in homes are treated as such. If you want to make a small upgrade to your bedroom(s), consider changing out your current light fixture for a chandelier or updating the ceiling fan. However, converting an unused bedroom into a home office or other functional room will also increase your property value.

These bonus rooms will catch the eye of both home buyers and renters. You can even choose to add on a full or half bath to the room, which can cost you up to $23,000 with only an 84% return at resale.

Kitchen

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Just like a total bathroom renovation will increase your property value, a total kitchen renovation will do the same. Kitchen renovations tend to be more expensive than bathroom renovations (around $15,00), but the average return at resale is usually close to 100%.

All full renovation would include changing out countertops, cabinets, sink, and flooring. However, new cabinets aren’t always necessary, like sanding and painting your existing cabinets can give you the new look you’re looking for. You can also add some smart appliances to your kitchens, such as an energy-efficient dishwasher, a smart oven, and a smart refrigerator.

Living Room

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One of the best and simplest changes to make to your living room is to switch out the flooring. If you have an older home, odds are that the flooring is carpet. Switching from carpet to hardwood, laminate, vinyl, or another type of hard flooring will definitely increase the value of your home.

Carpet traps more dirt, dust, and pet dander than other types of flooring, and it’s also much harder to clean and keep clean. It’s also not as pet-friendly as other types of flooring, which can be problematic when it comes to finding rental property listings for pet owners.

Other Renovations

Another profitable renovation to consider is transforming your attic and/or basement into a bonus room or livable space. This type of renovation almost always guarantees you close to 100% of your return at resale, and it will also allow you to charge a little more than normal to your tenants if you’re making this change to a rental property.

Sprucing up your front and back yards will also help you to increase your property value. When it comes to outside additions, consider adding on a porch or deck before deciding to add on a pool to increase property value. Pools tend to cost much more than their return value.

Choose the home renovations that make the most sense for your goals. If you don’t plan on reselling your home, then you can choose whichever renovations you’d like. If you own a rental property, you’ll want to choose renovations that will bring in more tenants.

 

Gail P
I am a beachy type of person, living in Newport Beach, and oftentimes I’ll go for a swim with my daughter. When I’m bored, I’ll help make package boxes for my little girl’s sticker company on Etsy.