Renovations that increase the value of your Tri-Cities home

There are certain home renovations that make your home beautiful and increase in value.

Every family aims to live comfortably and securely with their family members. This is the primary reason why they purchase a place they can “home” or have contractors build a customized version for themselves. 

While increasing the value of their home was not their ultimate goal, having such a plan can help them achieve it. Some strategies employed by most homeowners to increase their home’s value, particularly renovation, benefit their family members because it makes the home more cozy, livable, healthy, and safe. 

Are you wondering what types of home renovation increase a home’s value and, at the same time, provide comfort and security to family members? Allow us to provide you with some ideas: 

1. Renovations that make one’s home unique by installing tools or features the current market is looking for. 

When renovating your home, consider the trend. What type of home does the current market want? Do they want a wider home entrance? Bright and bold house paints? Accent walls? To be updated with the trend, check CHBA’s report. Based on their report for this year, here are some trending features you may want to consider to freshen up your Tri-Cities home. Design experts believe that some of these trends are here to stay.

Grand Front entrance

For the past few years, design experts have seen a growing trend for extravagant front entrances. This part of the home could give a good or bad impression about the overall look of your home. That’s why, if you're up for a home resale in the future, you better include this renovation in your list. 

Photo: heidijeanfeldman via Lichelle Silvestry Interiors /IG

Transom and Sidelites on front door

Transom and sidelites with the right design can make your home’s exterior look classic, modern, or sophisticated. When your general contractor leverages them with your overall home exterior, your front entry can be transformed into the focal point for your home, and this could increase the demand for your home, especially when yours were designed like the photo above. :)

Photo: Real Craft USA/ IG

Floor-to-ceiling windows / Window walls

Homes with window walls or floor-to-ceiling windows always appear bright, energy-efficient, and modern. If you want your home to increase or retain its value, you may want to consider adding more window walls, especially if you are surrounded by beautiful outside views.

Photos: heidijeanfeldman via Lichelle Silvestry Interiors /IG

Open concept kitchen and dining area

Since this home concept has been trending for some time, expect that converting your home into an open-concept floor plan will yield incredible results. Old houses with new and trending features appeal to those who want modern and fancy homes. According to some real estate experts, this type of home can increase the resale value of one’s home to as much as 15% more than homes divided with walls. The rate could even be higher if it is designed beautifully. 

Photos: heidijeanfeldman via Lichelle Silvestry Interiors /IG

Earthly materials (stone, wood, metallic accents)

When the earthly materials are decorated beautifully, like the Lichelle Silvestry Interiors creation above, the home will definitely look unique, lovable, and marketable. 

Photos: heidijeanfeldman via Lichelle Silvestry Interiors /IG

Home office

Due to the pandemic, the home office has become a vital part of one's home. Including a cozy, neat working space could attract buyers, especially those who work from home. 

Photo: heidijeanfeldman via Lichelle Silvestry Interiors/IG

2. Renovations that make the home energy efficient

Building Net Zero homes will soon be the "new standard" in home construction. Thus, if you're considering a home renovation, you may want to think about making it energy-efficient. Studies have shown that these types of homes (including ENERGY STAR-certified homes have better resale price premiums ranging from 2% - 8% in most markets. 

Imagine achieving a healthy lifestyle and, at the same increasing your home's value. This type of renovation is definitely a win-win for you and your family. 

Final Thoughts

The renovations we mentioned above can increase the value of your home. Which among them fits your preferences and goals?

As a home renovation contractor, we hope you'll succeed in your next home renovation. If possible, conduct research about the detailed valuation of a property. This could help a lot in maximizing the value that could be generated from renovating your home. This effort can help you determine which upgrade or addition will yield the highest increase. For example, if you are considering a garage conversion, know first what the market says about it. The demand for it, the costs of doing it, and the capacity of your home to cater to it. According to an article, most homeowners spend around $10,000 to convert their garage into living space; however, the National Association of Home Builders survey revealed that home buyers preferred a "functional" garage to it being an extension of living space.

Another example would be a pool installation. The home's value may increase with this installation, but it couldn't be compared to the expenses incurred. Installing swimming pools could cost about $36,750  to  $70,500, including maintenance. 

While these renovations bring satisfaction to some extent, there are always much better renovations that could help families attain livability and security and, at the same time, increase the value of your Tri-Cities' home.

This article was last updated on Jul 8, 2023