Where Is The Highest Value Yield In Home Renovation?

It’s interesting to think about home renovations, because depending on where you live and the type of house you occupy, the outcomes could be very different. There’s the obvious change of how a renovation alters your living and comfort (hopefully for the better), but also in the value increase that investment can yield. Depending on where you live, that may change.

For example, if you live in a converted lighthouse property, modernizing the circular stairways, restoring function to the space, and landscaping around it might be a fantastic choice. Odds are you don’t live in a lighthouse, though. It’s true that certain investments, such as with Ramsbottom Kitchens fitted with love, or bathroom repairs can be some of the highest reward areas for good design, it’s not always clear what would be pitch-perfect for your own home.

In this post, we’re not going to tell you where to spend your renovation money, only how to ask the right questions to assert that for yourself. Let’s explore that below:

Upgrading The Bathroom

A well-executed bathroom renovation, if appropriate to the space and with all the utilities needed, can be a great help. Most people don’t want to have to renovate as soon as they move into a new household, but not all bathrooms at to their preference. The appropriate options for each room can differ depending on your taste. Our suggestions might include installing a walk-in shower with a rain-style head or a freestanding tub to open the space and give it a luxurious feel.

You can also install new fixtures in a modern finish like matte black or brushed gold to instantly transform the room’s aesthetic depending on the atmosphere you’re going for, and small updates like this can make a bathroom feel cleaner, more inviting, and more valuable, all without the need for a full-scale demolition.

Converting Unused Spaces

Too many homes have spaces that aren’t being used to their full potential, like an unfinished basement or an empty attic. Converting these areas into a functional living space is one of the best things you can do to increase the value of your home because you wo’t be reinterpreting value but adding it. For example, finishing a basement into a new living room or a guest bedroom adds a lot of square footage, and it makes any home feel much bigger and more versatile.

You can also turn an attic into a new bedroom, a home office, or a playroom for the kids. This is often a better investment than building a whole new addition, as the basic structure is already there for you to begin with. Such unique provisions can also be quite sought-after by homeowners who may want both of those things, but wouldn’t want to renovate them due to the effort involved.

Making A Dedicated Office Or Laundry Room

These are perfect options for small spare rooms or spaces, and work well with the notion of remote employment. It’s possible to convert a small closet into a private workspace with a built-in desk and some shelves if you configure the furniture right. Moreover, many homes also lack a proper laundry room, which means having a separate place for your washer and dryer is a big selling point for many buyers, especially in places like the UK where this can often be situated in the kitchen..

Improving The Home’s Energy Efficiency

This might not be the flashiest option on this list, but it’s surely one of the most impactful. Much like people, the home’s most important features are the ones you can’t see, and that includes its energy efficiency and eco-friendliness. Making upgrades to systems like your insulation, windows, and HVAC system may not be as exciting as a kitchen remodel, but they can add a lot of long-term savings to your consumption and its associated bills. A buyer will always be interested in a home that has lower monthly cost, and in many cases they’re willing to pay fair amount more for it.

You can achieve this by replacing your old, drafty windows with new, energy-efficient ones as a start, or reinsulate your roofing system for the best results to stop heat rising and beind lost among the rafters.

Bringing In Smart Home Technology

This isn’t a dealbreaker for many buyers, but it certainly does impress if implemented correctly. If integrated with a number of different devices that work together to make your life a lot easier, your home can boast of its interconnectivity or utilities. Installing utilities like a smart thermostat, a security system you can control from your phone, or a smart lighting system can add a lot of value as a homeowner living day to day. 

You may also wish to consider an EV charging port depending on your driving preferences and if you’ve made the jump yet. Not everyone is going to be interested in that, but it might inspire your own upgrade to a new car and have this infrastructure in place for when you decide to sell.

Updating Plumbing And Electrical Systems

While a new kitchen or bathroom is exciting, it’s worth remembering that a home’s systems are its most important features. Updating an old electrical or plumbing system may not be a fun renovation and can sometimes leave you without function for a few days, but it can be one of the most important investments you make in your home’s value.

This is especially true if your home is old, as despite the characteri t may have outdated systems that are not only inefficient but can also be a safety hazard. As such, making these upgrades can give you peace of mind, and it can also give a buyer confidence that the home is well cared for and doesn’t have any hidden problems they will have to deal with down the line. At the very least their home inspector won’t flag any issues before their offer of a purchase moves to the next step, which is always a benefit.

With this advice, we hope you can more easily understand the highest value yields in home renovation, and perhaps apply them to your own long-term investment strategy.