Looking for home remodeling ideas to increase your home value? By redesigning your home based on features home buyers want, you can boost the value of your home before it comes time to sell. While your return on investment (ROI) is dependent on your home’s age, location, and features, here are some additional ways to increase home value through upgrades and remodeling projects!
Choose Home Automation
Home buyers love smart home technology. In fact, seven out of ten home buyers want to purchase a home with smart technology, and 78% are willing to pay more for a smart home. To complete this home remodel, you can install a smart home system with programmable thermostats, smart LED lighting, fans, and smart home security that can easily be controlled via a smart hub. With the average cost of a home automation system around $789, this budget-friendly renovation idea is sure to make your house more desirable on the market.
Invest in Bathroom Renovations
Bathroom remodeling continues to be among the top home improvements for resale value! With an average renovation cost between $6,500 and $17,000, remodeling your bathroom carries a higher price tag but also a higher ROI—as most homeowners recoup around two-thirds of their investment. While your first instinct might be to go with a luxury bathroom, opting for mid-range updates like new vanities, plumbing, and tile can often see a higher return value than upscale bathroom remodels. If you’re looking for budget-friendly bathroom renovation ideas, try repainting cabinets, adding new lighting, and swapping out bathroom hardware, as these minor bathroom projects give your space a major facelift at a fraction of the price.
Complete a Kitchen Remodel
Whether you’re selling your house or just want to up your home value, the demand for a stylish, functional kitchen promises an over 70% return on investment. But with new countertops, cabinets, floors, and more to consider, kitchen remodels are a more expensive home remodeling idea. Homeowners can expect to spend around $28,000 when upgrading their kitchen. Looking for DIY kitchen renovation ideas? Consider painting kitchen cabinets and installing a backsplash—even if it’s peel-and-stick tile—to help improve your home’s resale value on a budget.
Commit to an Open Floor Plan
At a cost of about $10 to $25 per square foot—and a recoup of up to 59% of its cost—creating an open floor plan is one of the best home improvements for resale value. As one of the top home design trends, an open floor plan allows homeowners to maximize usable space. Great rooms feel open and inviting, allowing homeowners to move freely between their kitchens, dining rooms, and other spaces. This high-ROI home remodeling idea is perfect for people with large families or those who entertain often. To encourage even more positive energy in your home, you can remove non-load-bearing walls to let in more natural light and add functional square footage.
Make Energy-Efficient Upgrades
Old, leaky home features can be a huge drain on heating and air costs. To improve your home resale value and save money on energy bills, consider adding insulation to your attic, installing solar panels, replacing windows, and resealing old doors. Another great way to save in your home is with ENERGY Star appliances. All of these energy-efficient home improvements might seem like a big expense at first, but they pay off during the home appraisal (up to 85%, actually)!
Swap Out Your Front Door & Garage Door
Improve your home’s curb appeal with one of the best home renovation projects that can help sell your home—replacing doors. Installing a new entryway door typically costs between $500 and $6,500, with fiberglass, vinyl, and steel among the most popular materials for front doors. These energy-efficient doors not only provide increased security, but they can also reduce energy bills. Just like new front doors, replacing your garage door is sure to increase home value. While the average renovation cost for a one-car garage door is $1,500, this home improvement project carries a near-perfect ROI of 97.5%. Plus, home buyers are looking for durable home features, and quality garage doors hold up for about 30 years. But if these home renovations aren’t in your budget, simply repaint them with a color that adds value like black, blue, or olive green.
Freshen Up Your Landscaping
Another way to boost your home’s curb appeal is by creating an eco-friendly backyard. From lighting your plants and walkways to maintaining a healthy lawn, landscaping improves home value by up to 30%. While the cost of landscaping will vary based on your chosen hardscaping project and your backyard’s size, the average cost for this exterior home remodel is between $1,300 and $5,700. Keep in mind that routine maintenance like frequent mulch replacement and plant upkeep is key to retaining resale value. If a landscaping project is too much, you can always look at doing a backyard makeover on a budget!
Build a Deck
Outdoor living spaces are in-demand features that both homeowners and buyers want. Building a deck is a home renovation idea guaranteed to add square footage to your backyard. Not sure which material you should use? Try a pressure-treated deck, which can run about $24 per square foot for materials and labor, or a wood deck at $3 to $15 per square foot. No matter which material you decide on for your outdoor patio, a deck addition can help you spend more time in your backyard, as well as increase the value of your house when it comes time to sell—with an ROI of more than 80%!
Replace Old Siding
An excellent home improvement idea for upping home resale value is installing new siding! Durable and affordable, vinyl siding gives your home a new look that lasts for years with an average cost of $3 to $12 per square foot. Want a siding material other than vinyl? Manufactured stone veneer is another comparatively affordable option (around $105,000) that helps you recoup 97% of your cost! Another perk of faux stone is that it’s easy to install yourself!
Add an Accessory Dwelling Unit
Looking to convert an empty garage, unfinished basement, forgotten backyard shed, or attic into a usable living area? These spaces are prime home additions to increase square footage, so you can finally have the home theater, office, guest bedroom, or she shed of your dreams. Or if you need to expand your home floor plan to accommodate multigenerational families or to create an Airbnb rental property, drop an accessory dwelling unit (also called in-law suites) onto your land! While ADUs can cost anywhere from $149,000 to $300,000, they can increase your home value by up to 35% and even serve as an extra source of income!
Need to store furniture while you’re remodeling your home? Extra Space Storage has easily accessible storage locations throughout the U.S. Find a storage unit near you!