If you’ve been considering a home renovation, you may be asking yourself whether it’s worth the cost—especially if you’re planning to sell your property in the next few years. Renovations can be expensive and time-consuming. However, there are a number of ways these upgrades can benefit you long-term, especially in regards to raising your home’s overall value. 

4 Ways a Home Renovation Increases Property Value 

1. Improves Appearance 

Home renovations involve fixing and touching up many different areas so that it looks more alluring. Tasks like repainting the exterior, updating the doors, windows, and siding, replacing the roof, reviving the landscaping, and installing a new porch or deck will improve the aesthetic of a home and boost its curb appeal.  

Consider installing hardwood floors or adding a new coat of paint to your rooms to beautify the interior. The more attractive your house is, and the less work buyers will have to do, the more value it will demand from potential new owners. 

2. Enhances Usefulness 

The value of a home will rise if renovations include adding or redoing parts of your home so that it’s more conducive to productivity or entertainment. Basement finishing makes the space capable of accommodating social gatherings. You could also utilize that new livable space to build more rooms, like a home theatre.

It’s also helpful to add or update spaces to create home offices, library rooms, sunrooms, extra bedrooms, or bathrooms. Potential buyers will appreciate that they don’t have to add these features themselves, so they’ll be likely to pay more. 

3. Creates Openness 

Renovations are a great opportunity to have a building contractor tear down walls in your kitchen, living room, and other rooms so that you have more open space and better lighting. The natural lighting will also make the home appear larger.

To enhance the effect, consider constructing more windows, such as skylights. This openness also makes it easier to move around and host larger social gatherings without feeling cramped.

4. Boosts Efficiency 

If you’re considering renovating the bathrooms or kitchen, replace current fixtures, faucets, and appliances with more energy-efficient models. Install more efficient windows, like insulated vinyl, double-paned, or double-hung options.

Update your HVAC system, as well. Ductless and geothermal heat pumps are especially proficient at using energy productively and sustainably. Not only will these improvements increase your home’s value, but they will also decrease your monthly energy bill, saving you money in the long run. 

Reach out to the team at HNS Property Services in Parker, CO, for your home renovation needs. These remodeling consultants will be happy to provide professional advice on how to update the home to increase its property value. Their expert construction team will work with you to bring your vision to life. They will stick to your budget and timeline, and will closely communicate with you to ensure that everything is completed to your satisfaction. Calling (720) 505-6535 or messaging them online to discuss your new home renovation project.