Over the past decade the housing market has seen some drastic changes with the bursting of the market’s bubble back in 2006 and the prevalence of the internet when it comes to real estate transactions. The burst of the house market bubble gave investors the chance to pick up real estate at cheaper prices, then invest in home renovations to make a profit by flipping the home. The emergence of the internet as an accessible tool to preview homes made it easier for home sellers to showcase their home, yet simultaneously meant that homes would face fiercer competition online. Many homeowners looking to sell their home hire home improvement contractors to determine where best to invest their money to improve the value of their home and make it more appealable at market when compared with new homes; here are three home improvement projects that promise to increase the value of your home and help sell that house.
New Shower and Bath
A modern, beautiful bathroom is important to many home buyers; half of all home buyers said that they would be willing to pay more for an ensuite master bathroom. Bathroom renovation is one of the most popular home renovation projects across the nation with as many as six out of every 10 homeowners stating that they plan on remodeling with master bathroom within five years. Installing new amenities and laying out new floors are just two of the options that can help reinvent your old bathroom’s design. When it comes to a shower, modern glass shower enclosures have become the most popular choice favored by 79% of homeowners. New bath designs are coming out each year, some of which fit over a pre-existing bathtub to create a completely new look at a cheaper price than buying a new tub.
Bathrooms and kitchens are two of the most expensive projects a homeowner can take, yet each promise some of the highest return on investments in the renovation field — a minor kitchen remodel has an average return on investment of 82.7%. Half of all home buyers desire a kitchen with a hardwood floor; easy-to-clean alternatives will include linoleum or tile. The priciest part of a kitchen remodel would be the purchase of new appliances; up to 69% of homeowners said that they would be willing to spend more money for new kitchen appliances however. Designing your kitchen is a major project that should require the expertise of a local home improvement contractor who is familiar with the area and what local buyers look for — this could be the difference when selling a home.
Backyard and Patio Remodeling
A much underutilized area of a home is the yard itself; this is directly correlated with the curb appeal of your home, which has more of an impact on home buyers than one may think. Up to 83% of Americans believe that it is important to have a well-kept yard for the family to enjoy and to beautify a home. Surveys found that Americans typically use their outdoor spaces for relaxation, gardening, or entertaining with half of all homeowners spending six or more hours in their yard per week when the weather is nice. Suitable backyard remodeling projects could include anything from a backyard shed, a fire pit, grill area, swimming pool, or elegant landscaping — in fact, 97% of real estate agents agree that landscaping is among the top five home remodeling investments that homeowners can expect a 215% return on investment. For those looking to tackle multiple projects at once, many home improvement contractors have recommended landscapers that they work with regularly to coordinate on a home improvement plan that remodels a home into a coherent aesthetic. Contact a home improvement contractor in your area to improve your home’s value and ensure it will be desired at market.