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Oct 2 20

Remodeling Projects That Increase a Home’s Value

Buying a home is said to be one of the best investments that a person can make, with common sentiment being that if you can commit to the home for at least five years, the real estate market in most regions will increase to where you can sell your home at a higher price than what you bought for. 

This rings particularly true for those living in the Columbia area and other trendy parts of South Carolina. The market has been particularly hot in recent years, with strong forecasts remaining in the months ahead. If you are a homeowner who wants to capitalize on this seller’s market to the fullest, consider the following remodeling projects to maximize the value of your home.

1. Add New Kitchen Surfaces

While most kitchen renovations will add value to your home, some are not scaled appropriately. For example, if you drop $75,000 into a lavish kitchen remodel, yet your home only appraises at $250,000, it will be difficult to get a good return on investment come sale time, as buyers want more in a home than just an amazing kitchen.

Therefore, in order to make the most of a kitchen remodel, it is best to undertake a project that fits the size and scope of the home. To this effect, doing a countertop replacement is a great idea to improve the desirability of any kitchen, big or small.

By choosing modern, durable countertops to be the face of the kitchen, homeowners are adding a number of features that will be appealing to buyers, including:

  • An updated, aesthetically-pleasing aspect 
  • A nonporous fabrication that greatly reduced the threat of staining and streamlines cleaning
  • Decreased likelihood of future repair or replacement costs

2. Include Aging in Place Features

At one time, everyone’s goal for retirement was to have a home in Florida. While Florida still attracts its share of retirees, most areas in the Sunshine State are so overcrowded that those looking to live the good life after leaving the workforce have now set their sights further up the Atlantic coast, with trendy areas of Georgia, South Carolina, and North Carolina now popular retirement destinations.

Therefore, if your home has a solid array of aging in place features–those aspects of a home that allow residents to enjoy full comfort and functionality of their property as they advance in age–it suddenly appeals to a much larger market, with this increased demand allowing you to list your home at a higher price.

The good news with most aging in place projects is that they offer outstanding return on investment, as the time and cost of including them in your home pale in comparison to the value they add. Some common aging in place renovations include:

  • Adding no-slip tile to the kitchen and bathroom
  • Installing custom handrails at various points in the home to aid in crouching and rising
  • Using more shallow kitchen sinks to limit bending and reaching when cleaning heavy cookware
  • Implementing remote control lights and HVAC systems

3. Spruce Up the Curb Appeal

While solid foundation and framing are undoubtedly at the heart of a quality house, it is hard to get buyers interested if your house does not look good. Therefore, it is essential that your property has strong curb appeal to maximize its value.

Like aging in place features, many exterior remodeling projects to enhance curb appeal significantly increase value while requiring comparatively little work. Some ideas for increasing the curb appeal of your home are:

  • Replacing any dead or difficult-to-maintain lawn with water-free landscaping options, such as pea gravel or stone
  • Adding a new front door and pairing it with matching exterior door trim
  • Erecting a pergola to add functional space to your outdoor areas
  • Laying down a modernized gravel driveway that uses innovative permeable paver grids

Conclusion

If you are in the Columbia, South Carolina area and are looking to capitalize on this hot seller’s market in real estate, there are a number of home remodeling projects that will add value to your property. Consider adding new kitchen surfaces, including aging in place features, and improving your home’s curb appeal as solid means of maximizing value returned on a comparatively small investment.

Jordan Swift is a contributor to the Innovative Materials blog. He is a content writer for the construction and home improvement industries with an interest in landscaping, outdoor remodeling, and interior design. Jordan is focused on educating homeowners, contractors, and architects on innovative materials and methods of construction that increase property value, improve sustainability, and create a warm and welcoming ambiance.

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Kristen Meetze in Columbia, SC on Houzz

Kristen Meetze in Columbia, SC on Houzz