3 Ways to Increase Your Home’s Value

Home improvements can happen for many reasons, but the bottom line tends to ask the question of what improvements will increase your home’s value. While some renovations and remodels should be done simply because your home needs to improve the functionality of the space or because you need to alter your space for changing needs, other projects may point to more cash at a future sale. Gerard Construction can help you improve your home’s value and function in one project.

• First Impressions. Surprisingly, the best way to increase your home’s value is by paying attention to your curb appeal. As soon as a potential buyer drives up to your home, you are making an impression as they decide whether they want to make an offer for this house. Basic yard care, mulch, and cleaning can go a long way with helping that first impression. From there, updating your siding, trim, and garage door can add value to your home. Don’t forget to pay attention to any patio or deck space out front, updating your lighting, and cutting excess tree limbs to add to the picture you are creating of your home. 
• Flexibility. Homeowners want to see their family in a space so having flexibility in your home is a great way to increase your home’s value. This can be done in a number of ways. Media rooms, office spaces, and formal dining rooms that have doors and closets can be marketed as bedroom and flex spaces while keeping their original intent. A new kitchen island or expanded pantry can recover more money than expected. This Old House states that even a “minor kitchen remodel can yield an impressive ROI of 70%-80%.” This can be easily accomplished by installing new appliances and updating cabinets and countertops. More families are looking at intergenerational living and may want a flexible suite style space for parents or extended family to live, too. There are a number of ways to increase how a new family can live in your space. 
• Bathrooms. The bathroom is a space that is being used more and more by homeowners. Getting ready, relaxing, dressing, the bathroom space is becoming multifunctional. Because self care is increasingly important to individuals, they want their bathroom space to match this time. Luxury options that may be overlooked in other spaces are becoming expected in bathrooms. Rain shower heads, soaking tubs, additional storage, and creating a space that mirrors spa time will help you recoup costs while also providing downtime for you while you live there. Homelight states that most bathroom renovations recoup almost 74% of their cost and, more importantly when you are on the market, 94% of agents say a renovated bathroom is very appealing to homebuyers. This project can often be done in two weeks to a month making it a quick turnaround too.

If you are ready to boost your home’s value, as a future investment or as you prepare for listing on the market, contact Gerard Construction today. We can help get this house ROI ready and help you make plans for your next space, too.