Many people are surprised by stability in the housing market despite this never ending pandemic. Even the remodeling sector is expected to grow by 5 billion dollars this year alone.

This makes sense, considering that people worldwide have spent more time in their homes than ever before. Considering the fierce competition in the housing market, it’s no surprise that homeowners are readying their homes long before resale. The right renovations even increase home value. 

If you’re thinking about home remodeling, consider these six home upgrades that improve the value of your home. 

1. Open the Floor Plan

Modern homebuyers want modern floor plans. And that means open floor plans. Closed-off rooms are traditional and make the space feel smaller. 

This is a big renovation job that typically involves opening the living room, dining room, and kitchen areas. You’ll need to knock down walls and potentially add some load-bearing beams into the ceiling. 

2. Update the Garage

More specifically, update the garage door. This plays into the concept of “curb appeal” because a home’s exterior plays a huge factor in how much homebuyers expect to pay. Also, mentioning a brand new door when negotiating will help get them closer to your asking price. 

If you can’t afford to replace the door completely, consider repainting it at least. 

3. Invest in Hardwood

If you’re lucky, your home may have hardwood hiding under your flooring. If not, considering investing in hardwood once your current flooring hits the upper limit of its lifespan.

It’s a substantial bet that any homeowner looking at your home is hoping for hardwood floors. Homes already with hardwood will command a higher asking price.

4. Replace the Roof

Roofs generally have a lifespan between 20 and 50 years, depending on the material. A potential buyer looking at your 20-year-old roof sees an expensive project they need to do right after they spend a lot of money buying a house. It’s not ideal, and it gives them leverage in negotiation. 

While you’re up there, consider adding solar panels. You can read more about this investment at blueravensolar.com/north-carolina/raleigh/.

5. Repaint the House

This is a simple way to add value to the home, especially for the house’s exterior. Again, this plays into “curb appeal” and gives the homeowner more leverage in negotiation. It helps the potential buyer see the home as high quality and deserving of a high price. 

6. Finish the Basement

Finishing a basement adds square footage to the listing, demanding a higher listing price. This is a massive project, however, that requires installing drywall, adding flooring, and painting. 

More Home Upgrades to Consider

Not all home upgrades add noticeable value to the home, but that doesn’t mean they’re not valuable. Some renovations are done out of comfort or necessity for the homeowner. Just make sure whatever the project is, it’s completed in a timeless style and of the best quality.

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