May’s National Home Remodeling Month is the perfect time for homeowners to reinvent their residences with a renovation project. A home revamp has many benefits: it can make living quarters more comfortable, decrease clutter, enhance entertaining spaces, and of course, increase the overall value of your home.
Kitchens and bathrooms are obvious choices for most homeowners who want to update their home while also adding value. It’s true – renovating kitchens and bathrooms yields a high return on investment because these two areas are typically what buyers evaluate first when determining whether a home fits their requirements. Kitchens and baths are also the most expensive and labor-intensive areas to update, and buyers are willing to pay more knowing that they won’t have to renovate these spaces after moving in.
But what about unexpected renovation projects that result in a high return on investment?
For National Home Remodeling Month, the team at Renovation Realty evaluated data as compiled in the Remodeling 2015 Cost vs. Value Report to provide homeowners with five unexpected renovations in the national market that are smart investments, add value to the home and put money back in the homeowner’s pocket:
Take on one of these less traditional renovation projects for National Home Remodeling Month, and you’re sure to add significant value, revamp the aesthetic appeal and boost future sales price.