You may have heard that some home renovations can increase your home's value. According to Architectural Digest, on average, remodeling projects increase your return on investment by 69%. However, not every home renovation is worth it or increases the value of your home. Here are nine different home renovation options that can help you to increase your home's value.

1. Give Your Kitchen a Facelift

One of the best ways to add value to your home through renovation is to remodel your kitchen. This is one of the most used rooms in any home, and buyers want a kitchen that looks nice, functions efficiently, and has modern amenities. By doing a kitchen remodel, whether a minor facelift or major overhaul, you can see a 75% return when you sell your home, according to Yahoo Finance.

2. Update the Floors

Replacing worn, outdated flooring can instantly help freshen up living spaces throughout your home. Potential buyers will notice old, damaged carpets and floors, which can negatively impact offers on your house. By installing new hardwood flooring, tile, or carpet, you increase the perceived value of your home. On average, new wood flooring offers a 100% return on investment, according to Edina Realty.

3. Remodel the Bathroom or Bathrooms

Similar to kitchens, bathrooms are one of the most important areas of a home. Outdated bathrooms can be a major turnoff to buyers. According to Zillow, giving your bathroom a makeover by installing a new tub, shower, tile, vanity, or updated fixtures can yield the biggest ROI in your home. If you have multiple bathrooms, start with the master first.

4. Introduce an Open Floor Plan

Today's home buyers prefer open-concept spaces. By removing walls between rooms like your kitchen, dining room, and living room, you can create a brighter, more modern open floor plan. Knocking down walls and opening rooms adds value because this type of layout is highly desirable. Just make sure to consult building codes first.

5. Build an Addition

If your home feels too small, adding square footage by building an addition can dramatically increase the resale value. This could mean adding a bedroom, bathroom or expanding the kitchen. Just keep in mind that more considerable additions are more expensive, so focus on additions that will get your home into the sweet spot size-wise for comparable homes in your neighborhood.

6. Repaint With Neutral Colors

A simple DIY project like repainting the interior can make your home much more enticing to prospective buyers. The key is sticking with light, neutral colors that appeal to the masses. Avoid personal color preferences or bold shades on walls. Instead, tan, gray, beige, and pale blue are safe bets. The cost is minimal compared to significant renovation projects while still providing a great return.

7. Replace the Front Door

An outdated, worn front door can deter buyers from looking further. In our experience, you can see a large ROI by installing a new steel or fiberglass front door and repainting the surrounding trim. A modern front door makes people eager to see more when approaching your home. This curb appeal draws buyers inside.

8. Upgrade Fixtures and Finishes

Replacing hardware, faucets, light fixtures, door knobs, and other finishes may sound trivial, but it truly upgrades the overall style of your home. Install stainless steel appliances, stylish cabinet hardware, modern faucets, and affordable light fixtures. When potential buyers check out your home, the devil is in these design details. These inexpensive tweaks distinguish an updated, contemporary home.

9. Let the Light In

Making rooms darker and dingier with covered windows hurts resale potential. Simple upgrades like replacing drapes with blinds and clearing view-blocking landscaping outside increase brightness. You can also swap out old windows for energy-efficient models and add skylights. Gloomy spaces diminish buyer interest, so lighting upgrades bring value by creating bright, cheerful interiors.

Any quality home renovation that makes your home more appealing to the widest range of buyers can positively impact resale value. Pay attention to kitchens, bathrooms, living spaces, and curb appeal while avoiding overly personal or radical style choices. With a strategic home renovation plan suited to local housing market trends, you can maximize your return on investment and walk away with more money from a faster sale thanks to an improved home. If you're looking to complete one or more home renovation projects, Dorian Construction can help. Let's work together to maximize your home's value.