According to the early real estate market predictions, two trends caught the eyes of many homeowners. These were the post-pandemic industry boom and the increase in property prices. However, in this dynamic economic environment, consumer demands are constantly changing.
Earlier, people loved houses that had outdoor kitchens and seats because the movement was limited. Today, the times have changed, and people can go out and travel; thus, their requirements have diversified.
So, if you want to sell your home in the coming time or want to add to your property’s worth, you must contact home renovation contractors to make particular renovations. These should be the ones that should pay you a good return on your investment. Nonetheless, the requirements differ based on the place you stay.
For instance, if your property is in New York City(NYC), the buyers might want more hi-tech and spacious apartments. Along with this, they would like a more quiet and relaxing interior. Likewise, the needs of homeowners fuel the home value; so long as you are comfortable in your home, it should pay you well in the future.
Wondering what kind of renovation could add value to your home in the later years? If yes, you’re on the right page. This article mentions a few remodeling projects that you must take up to increase your home value. The projects discussed here are long-term, thus, can add up to your lifestyle and increase the value of your home.
Let’s dig in to find more information about the same.
- Build a Luxurious Bedroom
Luxe bedrooms are growing in trend among homebuyers. They are fascinated by properties that own luxury touch bedrooms, especially with quality materials at budget prices. So, it is one of the best investments that you can make for your home in the coming future.
Interestingly, there are many ways to add a luxe touch to your bedroom. It is upon you to determine whether you want to run mini changes or plan a complete renovation of the bedroom, considering your budget.
Certain things that can turn your bedroom into a luxury paradise include being peaceful and devoid of all outside sounds. For this, you must add sound-insulated windows in the room. For this, you need to call experts and investigate your property for what kind of glass will suit your area. To find the best experts, you can run a google search using the keyword followed by the region name.
For instance, if you are a New York resident, you can search for ‘soundproof windows nyc‘ to get in touch with trained professionals. They will guide you through the process and let you know about the efficacy of the sunglasses. According to experts, installing such windows decreases the outside noise by up to 95%. Interestingly, the installation is also hassle-free and convenient for the pocket.
Next, consider giving a warmer and more designed look to the walls. Do not go for plain white walls; add warm colors, such as dark blues, warm maroon, and more. Likewise, adding heavier drapes can also give a luxe look to the bedroom. So, what are you waiting for? Start thinking about this bedroom makeover and see the property price going up.
- Create a Home Office
Another fancy addition that can increase the value of your property is a home office. Today, the world is looking forward to working from home; be it, employees or entrepreneurs, people prefer a dedicated space to work. It allows them to be productive and create the right environment to do their duties.
Therefore, consider converting it into a home office if you have an open space or a small room that does not serve any purpose. It requires you to set up a formal meeting with professionals to design it well. If it is already well built, you can speak with interior designers to add the right aesthetics in that room to make it look more like a workplace.
As a matter of fact, there should be a table to keep the devices such as laptops, printers, and more according to the requirement. In addition, there should be proper fittings for the wires to make the room look tidy. Likewise, people would love natural light and a nice view outside to feel comfortable. However, all the changes are dependent on your style and liking. Unless you sell the home, you will be using that space, so invest according to your comfort.
- Expand the Outdoor Space
Expanding outdoor spaces is trending after the pandemic. According to a recent survey, homeowners spend at least 14 hours a week outside, surprisingly 3 hours more than during the pre-pandemic times. It is more prevalent because people feel that spending time outdoors is more therapeutic and that they have found a new hobby.
There are various ways you can do the outdoors. For instance, you can touch up the garden and landscaping, then add any of the following features to improve the overall look and value of the property:
- Pool: According to reports, adding a collection can increase the home value by up to 6%. It is more so if you live in warm weather areas; adding a pool makes more sense because it adds to the homeowners’ comfort. However, it would help if you first spoke with the real estate agent before making the final call.
- Deck or Patio: Interestingly, decks have gained massive popularity during the pandemic. So, you might want to add one to the exterior to increase the property value. There are different types of decks, such as wooden or concrete. It is up to you and your budget which one you should get in your home. You should, however, discuss the requirements in your area before making the final decision.
There are several other things that you can do to the outdoor spaces. It all depends on what is renting in your region of dwelling. While some may need fireplaces, others may want more of a backyard picnic place.
- Boost the Curb Appeal
Curb appeal is guaranteed to increase your property’s value. According to certain studies, if you invest even a minimal amount in improving your home’s curb appeal, you can get an estimated 238% ROI on it. There are multiple projects that you can run to boost the outer appeal of the property.
Some homeowners only focus on the greenery; you should not ignore the paint. Getting a fresh coat of color along with the required repairs, such as waterproofing and cleaning of gutters, also helps you improve the look. Many homeowners also invest in changing the old garage door and installing automated latest shutters.
In addition, you can consider adding a new siding or trim; it is estimated to increase about 5% of your property’s value. Moreover, working on the driveway can have a considerable impact. It can help capture the buyer’s heart. You can add low-voltage wiring, which will act as an added security feature.
Likewise, it is an added point if your property shows being safe from burglars and natural calamities. Again, you can speak with the real estate agents in your area to learn about the latest trends in curb appeal.
Renovation and the latest installation do increase the property price. However, real estate agents suggest seeking their advice for the latest trends in the industry. It will help you make knowledgeable decisions about the renovation and the finances accordingly. The main aim of running the remodeling project is to impact the home value significantly, so be informed about the market fluctuations before making any decisions.