Investing in your home is always a smart thing to do. Older homes have less value and are often less desirable than newly built ones. However, proper maintenance and renovation will keep your property competitive in the real estate market. So investing in it will reward you when looking for potential buyers. This is especially true if your home is in The Lone Star State, where the real estate market is fiercely competitive. This year, the number of homes sold in Texas fell 34.7%, and the number of homes for sale rose 43.8% compared to the same period in 2022. Selling a house in this market is a challenge. But with smart renovations, you can add value to your home in Texas. Furthermore, you can make your home stand out and have a greater chance of a successful sale.
However, the key to every successful renovation is increasing as much value for as little investment. That’s why we at Steel Door Realty would like to share the most efficient renovations to add value to your home.
Be smart about living space
One of the best ways to increase the desirability of your house is to redesign a living space. It would be best to find common ground between it being too empty and over cluttered. Let’s assume that your living space is more bare-bone. Any plan wall in your house can be repurposed and transformed into a storage and display showcase by adding stacks of open shelves or cutting out the drywall to create a recessed niche. This way, not only are you adding to the looks of your interior, you are increasing the storage capacity in your home. Ensure you include a mix of open and closed storage; it looks appealing and increases functionality.
However, we should also be smart about adding new stuff to the living space. If we go too far, your place can become overcluttered and seem amateurishly designed. That’s why you need to hold the urge to decorate every inch of your wall and add unnecessary furniture. Sometimes removing stuff can be beneficial. For this reason, storage can be useful when renovating; renting one can allow you to store any unwanted items from your home. If your house lacks living space, an addition might fix that problem. However, adding extensions to your home is profitable, so freeing up space might be better. Redesigning your living space is one of the best renovations to add value to your home.
New paint and flooring will add to your home “glow up”
One of the most basic ways to renovate your home is to add a new paint coating and refurbish floors. However, there is a good reason for this: the value you get from investing in fresh paint and base is much greater than the investment cost. This is especially true for older homes with worn and torn floors; refurbishing it or replacing it with new planks is one of the most brilliant renovations to add value to your home in Texas.
Hardwood is always a great flooring option, but don’t be afraid to try alternative materials. For example, a bamboo floor can be an excellent option for your home; it even comes at a lower price tag. Paint in older homes is usually an eyesore. It fades over time at leaves your interior looking ancient and unappealing. A paint job is always an easy and cheap way to increase the value of your property; just be careful when choosing colors. Make sure the colors you chose are appropriate for the interior and exterior. A new coat of paint is always a good sign for buyers that a house is maintained correctly and make selling the home a breeze.
Redo your kitchen and bathroom to add the most value to your
No area in your house can damage the appeal of your home, like an un-functional kitchen or a dirty bathroom. The kitchen is something that most buyers want to be in top condition when looking for a house, so any imperfection here will hurt your chances of a successful sale. First of all, your kitchen needs to be perfectly cleaned. We are not only talking about visible surfaces; ensure every inch is spotless. This is not only true for the kitchen; every room in your house should receive the same treatment. However, the kitchen should also function perfectly. For example, the plumbing system should work without leeks. Any plumbing fixtures will add value to your home in Texas. Every piece of equipment in the kitchen should also look well-preserved. Nothing will turn investors’ heads away faster than a dysfunctional oven or dishwasher.
What can be said for the kitchen also applies to the bathroom. As a place where we take care of our hygiene, a bathroom that’s not as clean as possible will leave a sour taste in the mouth of any potential buyer. The bathroom and the kitchen are two areas of the house that may be worth complete renovation, as this will add tremendous value to your property.
Add new living areas
When it comes to adding value to your home in Texas, we often focus on upgrading existing rooms; however, repurposing unnecessary spaces can also be the right move. For example, your basement and attic are usually used as storage areas and will likely not excite anyone. However, with a bit of investment, you can transform these spaces into areas that will boost the value of your home. For example, having a gaming room instead of a regular, dull basement is something most people desire. A home movie theater is also an excellent idea and can be realized without a significant investment. Texas climate also allows you to create an ideal outdoor living area combined with barbeque; it’s a winning combination in Lone Star State.
When considering renovations that add value to your home in Texas, choose the one with the greatest return on investment. Some upgrades (like adding extensions) sound great but are negative overall. In this article, we shared the most worthwhile renovations for generating as much profit as possible.