Not every remodeling project keeps resale value in mind. (But more should be, and we’ll get into that later) Congratulations on your smart and savvy priorities! If you’re looking to increase the resale value of your home, you should choose your next project wisely. Not every remodeling project is created the same; consider the amount of resale value added to your home when considering an investment.
At Creative Building Concepts, our years of experience remodeling in the Central, Pennsylvania area have helped advise our clients when honing their remodeling priorities.
If you’re looking to sell your home soon or attempting to prioritize your projects by ROI, make the most of your next renovation project by choosing one from our list of remodeling trends that add value to your home below:
More home buyers are interested in home offices than ever before. This is unlikely to be brand new information in 2022. However, many seemingly small touches, such as extra electrical outlets, strong wi-fi, and lighting, can help prospective buyers envision this space much better than they would in an unmodified bedroom.
Renovating, remodeling, refurbishing, restoring, it’s time for a facelift. But what is it called? There are so many words that start with “R” in this conversation! We know it can be confusing. Many of these terms are used interchangeably in casual conversation, but they are separate terms. In general, renovations update and modernize a space without redefining its purpose. Remodeling often includes more drastic changes to the overall layout. Because we are addressing structural changes, remodeling is usually more costly and complicated than renovation for a historic home.
Stone veneers get their own line item on our list because they often carry an ROI above 90%. This is such an unusually high number that it bears discussing. Stone veneers can add an air of sophistication, protect your home from the elements, and increase the resale value of your home.
New siding can elevate your curb appeal instantly. Choose luxe fiber cement or durable vinyl for easy future upkeep. If you’re not in the market for new siding, power wash and apply a fresh coat of paint to keep your home’s exterior looking its best.
Bathroom remodels are a great way to wow prospective home buyers. Convenient, attractive, and functional bathrooms are massive selling points. Be careful of over-customization. High-end bathroom remodels, and highly personalized spaces impact your returns.
Many people will pay extra for accessible homes. There are many reasons to be interested in a home that’s easy to operate with fewer barriers. Many home buyers intend to age in place or have already reached the age where someone in the family already has accessibility needs. Lowering countertops, adding shower seating, widening pass-throughs, adding ramps, eliminating stairs, thoughtfully placing and selecting lightswitches, cabinetry, and door handles are a few accessibility options that can attract buyers.
There are several good reasons to build an auxiliary dwelling unit. These homes within the home (or on the same property) can provide independence and privacy for adult children returning home, aging family members who need support, live-in caregivers, or out-of-town guests. An in-law suite can also provide a potential income if you rent out the space.
Energy-efficient upgrades begin to pay off in reduced utility costs, whether you sell your home or not. Consider energy-efficient upgrades such as:
Planning to remodel a historic home? There are some special considerations to take when remodeling older homes. We’ve channeled the love, art, pain, and joy of remodeling historic homes into our blogs, exploring the topic here.
Large and unique light fixtures express a lot of personality. Because these are individual choices, they naturally don’t appeal to a large number of buyers. Light fixtures are difficult to ignore in daily life, so neutral lighting is best if resale value matters.
Most wallpaper makes a personal statement, which is not to everyone’s taste. Though not every wallpaper is dated, all wallpaper is difficult to remove. If a buyer has sweated and scraped through wallpaper before, yours will likely be an unwelcome sight.
Built-ins look dated quickly and are difficult to upgrade or replace if a part needs repair, creating unnecessary expense if you need to replace an entire unit over a broken part.
Nobody wants carpet in the bathroom. Many buyers prefer more durable, easy-to-clean flooring options in most common spaces.
A swimming pool presents maintenance and safety concerns as well as insurance costs. A swimming pool may be a deal-breaker for anyone not up to the maintenance challenge or uninterested in swimming.
Technology changes and needs to be updated. Built-in appliances create barriers to future updates and are more likely to annoy than impress a tech-savvy buyer after a few short years.
Avoid spending unnecessary funds by planning your projects intentionally and thoroughly the first time. So many budget nightmares can be avoided in the design phase, especially with the transparency and seamless communication a design-build construction firm offers. The people planning your project have morning coffee with the people building it. They are well aware of costs and options. There are far fewer change orders, material delays, hidden costs, and other cost-sucking challenges when everyone communicates in the same channels from the start. Take advantage of this dynamic and partner with a design-build remodeling firm for ultra-personalized design and accurate budgets.
If you’re interested in remodeling in the Carlisle and Central Pennsylvania area, talk to the best of the best. Creative Building Concepts delivers stunning historic, and modern custom home remodels that stand the test of time. We’d love to build something creative with you.