Inspiration for renovations to boost the value of your home

by Ava Lazenby

Now that we’re in the midst of Spring with Summer around the corner, now’s a great time to explore projects that improve your quality of life and the value of your home especially if you’re thinking of putting your home on the market this year. Whether you’re ready to hire a professional to engage in large-scale work or are just looking for some quick fixes, this article has you covered with a variety of tips.

Add a home office and boost productivity

Now that many employers are allowing staff to work from home, creating an office space in your home is a great way to boost productivity and make your home more attractive to buyers. Depending on the size of your home, an office can have an elaborate configuration with an L-shaped desk and multiple monitors, or it can be something as simple as a walk-in pantry or closet that has a foldable table. Once you have your designated space for the home office, it’s time to invest in essential furnishings such as an ergonomic office chair, storage cabinets to keep your work materials tucked away when you’re not online, and any accents and decor that you desire. 

While setting up your home office requires some effort, if/when you choose to sell your home, it should provide a significant boost to your home’s value, plus you immediately benefit from increased productivity.

Provide a great outdoor experience for guests

Another great way to enhance your quality of life and boost your home’s value is to invest in your backyard by adding items such as a pool, outdoor kitchen station, or outdoor fireplace. A real estate agent should be able to help you determine which enhancements are the best fit for your home.

In the past, pools were costly home additions that sometimes lowered home values. However, COVID-19 has increased the number of homebuyers looking to have access to a private pool. While these may cost $30,000 or more to construct, pools generally add nearly $28,000 to a home’s value compared to comparable properties without one.

If you’re looking for a project that’s not as extensive, installing a fire pit or outdoor fireplace can add nearly $6,000 to your home’s value. These are attractive to homebuyers because they don’t require much maintenance and also can be used in a variety of climates since most locations get cooler at night.

Boost your home’s curb appeal

The final topic we’ll cover in this article is ways to boost your home’s curb appeal since the exterior of your home is what sets the initial impression buyers have of your property. Increasing curb appeal is a cost-effective way to boost your home’s value since it consists of relatively simple projects such as cutting and fertilizing your lawn and adding a small garden and shrubbery to your home.

You can also boost your home’s curb appeal by upgrading your home’s window accents, replacing the garage door, and replacing your home’s entry door with one made of steel, as these both help improve energy consumption.

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