5 Home Renovations To Boost Home Value

Buying a home is exciting, but being able to put a personal stamp on the house is even more exciting. Not all homes are turnkey, and not all turnkey homes are what buyers really want. As people live in their houses, they will begin making changes large and small. They paint, upgrade fixtures, and some even consider tackling a major renovation. But before any homeowner takes on the task of upgrading their home, they must consider which home renovations add value to a home because not all of them automatically mean added value. The current real estate climate, location, size, and comparable homes in a homeowner’s market determine what adds value and what does not. However, there are some upgrades that almost always add value. Start reading to learn about these.

An Income Suite

This suite is a small living space in a home commonly found in basements, upstairs, or even in a separate building on the same property as a home. This type of suite is a renovation that can pay off big time for many homeowners depending on what buyers want, as homeowners who have a bedroom with a private entrance, en-suite bathroom, and even a small living area and kitchen can rent this space and make money while they live in their home. Potential buyers might be more inclined to buy a home with an income suite for the simple fact they can use this to make money on their own. It’s a good investment regarding the resale value and the money a homeowner collects while renting their space to those who want to rent it. An income suite is more valuable if it has all the necessities, and it doesn't need to be large.

Continue reading to learn how kitchen renovations can add value to most homes.