7 Renovation Ideas That Will Increase Your Home’s Value

Here are some renovation ideas that will help you both love your home while you live in it and ensure you get top dollar when you decide to sell.

Replacing doors and refreshing the kitchen are just two ways to increase enjoyment and up the resale value of your Garden Oaks home.

Do you plan to list your house among other homes for sale in Garden Oaks in the upcoming months? Or are you planning some renovation projects to help your family enjoy your home more and want to ensure that the ones you choose are adding value to your property? No matter which best describes you, learning more about the renovation projects that will add the most value to your home will help you make solid decisions. Here are some renovation ideas that will help you both love your home while you live in it and ensure you get top dollar when you decide to sell.

1.  Add manufactured stone veneer

Manufactured stone veneer
has become a popular choice for those who want to increase the beauty and durability of their exterior or who want to complete indoor projects such as redoing a fireplace or accent wall. The new products available on the market look nearly identical to real stone and create a luxury feel to homes for sale in Garden Oaks. Though you can likely complete indoor projects involving veneer on your own if you’re handy, it’s best to leave exterior projects to the pros as there are special steps you need to take related to flashing and waterproofing. The best part about adding veneer to your home? You’ll recoup around 91% of your investment when you decide to sell.

2.  Replace your garage door

There is only one renovation project that is estimated to give you more than the 91% ROI you’ll get from adding manufactured stone veneer to your Garden Oaks real estate: replacing your garage door. A garage door replacement returns a whopping 97.5% of your investment, making it the overall best value when it comes to home renovations. Not only will replacing your garage door affect the overall appearance of your home and boost curb appeal, but it will also make it more functional, safe, and energy-efficient.

3.  Refresh your kitchen

The kitchen is the heart of a home, and that fact has just become even more pronounced due to the pandemic. If your kitchen is outdated, dark, or just needs a boost, you can make a big improvement to your overall enjoyment of your home (and your resale value) simply by completing a minor kitchen remodel. Minor kitchen remodels focus on the cosmetic rather than structural and usually involve new floors, countertops, and fixtures as well as cabinet refacing. The cost is usually in the $22,000 range and is likely to return around 80% of your investment when you sell.

4.  Add a deck

Homes for sale in Garden Oaks that have beautiful and functional outdoor living spaces are more appealing to buyers than those without. These spaces are also critical to the enjoyment of your family and provide the perfect spots to gather, entertain, or simply find a quiet spot to read or get some work done when the rest of the family is home.

If your home does not have a space like this, consider adding on a deck. If you use common wood choices like redwood, cedar, or pressure-treated wood, you’ll spend around $7200 on a new deck and will get around 76% of that back when you sell. If you want to take your project to the next level, consider using exotic woods like tigerwood or ipe. Though these may not return as much on the investment, they will provide you with a unique luxury space that your family can enjoy for years to come.

5.  Install a new front door

Installing a new front or entryway door has many of the same benefits as adding a new garage door. You’ll boost the curb appeal of your Gardens Oaks real estate, enhance security, and up the insulation of your home so you don’t lose as much heat or cool air from the inside. Depending on the type of door you choose, you’ll likely spend under $1000 and will see a 75% return on your investment. If you want a higher-end model, such as one that is made of high-quality steel or that has decorative extras like transom windows or sidelights, you’ll pay a little more but it can be worth it to make your home stand out.

6.  Replace windows

Homes for sale in Garden Oaks with outdated windows are often viewed as not well-maintained by prospective buyers. In addition, if you’re living in a home with subpar windows, you could experience drafts, higher utility bills, and compromised safety, not to mention reduced enjoyment of your home as you deal with aesthetically unappealing or dingy windows. The best ROI when it comes to replacing windows is to install vinyl options. These will return around 76% of your investment and will also decrease utility expenses while you live in the home.

7.  Bathroom remodel

Those looking at homes for sale in Garden Oaks want to see houses that have luxurious bathrooms—especially master baths—that are conducive to pampering and relaxation. If your bathroom is outdated, you could get around 70% of the money you put in to refresh or remodel it when you sell. Depending on what you need, a bathroom remodel can range from minor versions that include new fixtures, faucets, floors, and paint to major upgrades that feature new sinks, toilets, tubs, cabinetry, and floor-to-ceiling tile. When you redo your bathroom, you create an oasis for yourself as long as you stay in the home and make it more competitive when you list.

Are you ready to take on some remodeling projects this fall? Whether you are doing so with the goal of listing your property in the near future or you simply want to enhance your lifestyle, knowing which projects add the most value is the key to selecting the best updates. Think you’ll be ready to sell after remodeling? Reach out to an experienced Garden Oaks real estate pro like those at Miles & Co. for trusted guidance.

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