Home remodeling is a significant investment; it takes time, money, energy, and a lot of planning. So, at the end of it all, you deserve to get the most out of your investment. That’s why, during the remodeling process, it’s important to keep in mind which home improvements will actually lead to an increase in your home’s value. Of course, this shouldn’t be the only factor you take into consideration; but it can certainly be helpful in the decision-making process — especially if you have a limited budget and are trying to decide which remodeling projects to pursue.
So, let’s take a look at the Atlanta home improvement projects that are most likely to boost your home value. Along the way, we’ll go over return on investment, provide remodeling resources, and give you some tips on keeping up with 2022 home trends!
Return on Investment
Before we dive into home improvements that increase value, we need to talk about ROI. Have you ever found yourself wondering something along the lines of, “how much value does adding a bedroom add?” ROI has your answer; it indicates the percentage of your investment you’ll earn back from a remodeling project once you decide to sell your home. For this reason, it can be a valuable asset in determining where to allocate your home improvement funds.
You can find ROI estimates for remodeling projects in your local area through Remodeling Magazine’s 2021 Cost vs Value report; or, for pricing information, download our home remodeling cost guide. It can also be a good idea to consult with a local real estate agent who can give you tips on maximizing your ROI for the local market.
How to Boost Your Home Value
1. Freshen Your Facade
Exterior home improvements tend to yield a high ROI without requiring you to invest too much money or effort upfront, making it one of the fastest, cheapest, and most effective ways to boost your home value. If you have an older home with a worn-down exterior, you should start with practical updates such as siding, window, and door replacements (if necessary). Then you can further improve your curb appeal through cosmetic projects like adding a new coat of paint or updated landscaping. The Realty Associates of Atlanta recommends finishing off your facade with a painted front door, water feature, or anything else that makes a statement!
Stay On-Trend with:
- Outdoor Living Areas. Decks, porches, patios, and gazebos — outdoor living areas of all shapes and sizes — are huge for 2022. Just as much a lifestyle trend as a design one, outdoor living areas allow you to expand your living space. You can keep yours utilitarian or turn it into a second living room, fully equipped with couches, a tv, fireplace, and maybe even a grilling station! And as far as new construction upgrades that add value go, outdoor living areas fetch a relatively high ROI for Atlanta contemporary homes.
2. Update Your Kitchen
Kitchens are one of the most-used spaces in a household. They take a lot of abuse over the years and your home may be in need of new cabinets, appliances, or other hardware. The good news is, you don’t have to be afraid of investing in a kitchen remodel; future buyers are willing to pay more for a home with a fresh kitchen. With an average ROI of around 70%, kitchen remodels are well worth your time and money. Kitchen upgrades that increase value include installing an island or bar; adding extra storage by means of a butler pantry, custom cabinetry, or other home storage solution; and updating fixtures and finishes.
Stay On-Trend With:
- Colorful Cabinetry. All-white or neutral kitchens are classic, but color is a key component of kitchen interior design trends for 2022. Greens are very popular this year, though natural blues, warm neutrals, and dramatic darks are also on-trend. You can go bold with bright energetic shades or if you’re looking to appeal to a wide range of homebuyers, try muted hues.
3. Create Bathroom Luxury
Like kitchens, bathrooms are used on a daily basis and will start to show wear and tear over time. But no one wants to look at tarnished faucets, water damage, or old grout; and that means a bathroom remodel can yield a decent ROI when you go to sell. You can update your bathroom with new flooring as well as a new tub, toilet, sink, faucet, or vanity. It’s also smart to include extra storage somewhere, which is a plus for prospective buyers.
Stay On-Trend With:
- Spa-like Features. Ever since the pandemic, people have been looking for an escape and there’s no better place to unwind than your very own personal spa. In 2022, homeowners are investing in luxury home improvements to raise ROI such as wet rooms, freestanding tubs, heated floors, waterfall showers, no-touch faucets, and more. Not only can you enjoy these features now; but they’ll also make your home more desirable and increase its value in the long run.
Ready to Start Your Atlanta, GA Remodel?
No matter how you decide to add value to your Atlanta home, Copper Sky Design and Remodeling offers the knowledge, skills, and services you need to get the job done. We specialize in remodeling homes to suit modern lifestyles and tastes. And we’re confident we can help you get the most out of your remodeling investment! Get started with us today.
