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Best Renovation Projects to Increase Your Home’s Value in 2023

Renovating your home is a good way to adjust it to your specific needs. But if you plan to sell your home in the future, you need to think twice. It’s important to make sure your house is attractive and competitive in the real estate market so you get the highest return on your investment. 

High-end renovations and too much customization are some of the things you might want to avoid. But which home renovations will pay off in 2023? Read on and find out!

Increase square footage

Building an addition to your home can give you a significant advantage in the property market. Extra space can accommodate a growing family, add an in-law suite, or even serve as a rental. Whether you wish to turn your garage into an expanded living space or finish off the basement, you have many options.

Photo Credits: The Every Mom
Photo Credits: Chrissy Marie
Photo Credits: Unsplash
Photo Credits: Pexels

Bathroom remodel

Whether big or small, bathroom remodels will help increase the resale value of your home. With an average ROI of 102%, small remodels are more feasible. The best part is that you can do some of the smaller jobs yourself. A fresh coat of paint will revamp the bathroom and give it a fresh touch. So does changing the floor or updating the fixtures.

A major bathroom renovation is also a great idea if you have the funding available. Check out all the trends in bathroom design and choose the features that appeal to potential buyers.

Photo Credits: Houzz

Additional bathroom

Adding a second bathroom to your home is a good idea, no matter the size. A guest bathroom is an excellent selling point for your home. If you don’t have enough money or space, you can opt for a powder room. A powder room, or a half bath, comes with a toilet and a sink but doesn’t have a shower.

Photo Credits: Houzz

Kitchen remodel

Nothing will deter a buyer more than an outdated kitchen. A kitchen remodel can help you recoup 52% of the related costs or more. To ensure the highest ROI, you should opt for a functional kitchen that’s also attractive. Consider adding modern features that will wow potential buyers. Updated fixtures, countertops, and unexpected appliances such as wine refrigerators are some popular features to think about for your remodeling project.

Photo Credits: Rock My Style

Outdoor living space

Many families see massive potential in houses with an outdoor living space. A nicely arranged porch or patio provides a serene spot for home entertainment with family and friends. Covered patios, backyard pergolas, and multi-level decks are all sought-after features.

Photo Credits: Rachel Parcell
Photo Credits: Rain and Pine

Entry door

It might seem basic, but curb appeal is essential if you want to leave an excellent first impression. An updated front door can increase your home’s value with an ROI of 90%. 

Photo Credits: The House Of Silver Lining

Kristina Shestakova

Kristina is a home decor enthusiast that loves to share practical tips. With more than 5 years in the interior design content writing niche, she has lots to share. She is obsessed with Pinterest, looking for the most creative ideas for your inspiration. Hopefully, this will motivate you to create the home you always wanted.

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