Value-Adding Renovation Projects

 

When discussing renovations with clients, the concept of value-adding is a great topic of conversation. Certain projects can add a great deal of value to the home. Check out our list of top 7 value-adding renovation projects to discuss with current and prospective clients:

 

1. Kitchen
   

   The kitchen is the heart of the home, and a great investment towards adding value to a house. A recent report found that minor kitchen remodels can add just over 80% of the project’s cost back to the home’s value.

2. Second Bathroom
   

   If your client’s residence currently has one bathroom, adding a second can significantly increase the value of their home. Experts suggest that a second full bathroom can increase the market value of a home by 20%.

3. Bathroom
   

   Modernizing bathrooms can also significantly add to the market value of a client’s home.

4. Wood Flooring
   

   Replacing carpet and vinyl flooring with engineered hardwood or real wood is an easy way to raise the value of a client’s home.

5. Open Floor Plans
   

   Older homes typically have more enclosed and darker spaces. By opening up spaces, by taking down non-essential walls, and adding windows, clients can maximize light and space in their home.

6. Wooden Deck
   

   Adding a wooden deck to a home can increase the market value of a client’s home. Experts suggest that return on investment is approximately 80%.

7. Replace Doors & Windows
   

   Replacing older doors and windows with ones that are modern and energy efficient is a great way to add value to a client’s home.

 

Do you agree with our list? Did we miss something? Comment below!