Owning a home in Simsbury is a significant investment and one you want to get a big return on. After buying your ideal piece of Simsbury
, Connecticut, real estate, you do not have to let the growth of your investment depend solely on the health of the local housing market. There are several renovations homeowners can make that boost the value of their home and make the property more livable.
There are a myriad of reasons homeowners might choose to renovate. Some want to get their home ready to sell for top dollar, while others might need more space or are looking to make the home more customized. A whopping 74% of homeowners
find their homes more enjoyable after a renovation project. Plus, when you do decide to sell your home, those looking for Simsbury, Connecticut houses for sale are more likely to be drawn to homes with these big return on investment home improvements.
The last thing many homeowners feel like dealing with is a cramped, difficult-to-clean bathroom. Especially for those looking to sell their home, having an updated bathroom space is extremely important. No one wants to buy a home with a bathroom that looks lived in. Because of that, bathroom remodels are among the most popular renovations and can come with a considerable return on investment. In general, a basic bathroom remodel can bring in a substantial 68% return
When looking to improve their bathroom, homeowners should assess the functionality and aesthetics of the room. While it can be enjoyable to design a gorgeous bathroom if the room is not easy to clean and use, how it looks no longer matters. When remodeling the bathroom, keep functionality at the forefront of the project. Updating the vanity, adding a new showerhead, and increasing storage are all good projects that can help guarantee a return on investment. Give the room a refresh by replacing old flooring, adding bright lighting, and updating the backsplash.
The kitchen is another area where homeowners can reap a big return on investment. Especially for those looking to sell soon, an updated kitchen can allow your property to stand out from other Simsbury, Connecticut, homes for sale. For many families, the kitchen becomes the heart of the home. It is the place where family and friends come together for great food. Even those that do not enjoy cooking as a hobby often find themselves returning to the kitchen multiple times a day. Because of the room’s essential role in the home, many want it to be as functional and easy to use as possible. The last thing many buyers want after purchasing a home is to have to do a kitchen overhaul.Updating the kitchen
can bring homeowners a 67% return on investment. When renovating a kitchen, there are several improvements homeowners can make to refresh the room. Replacing countertops and refinishing cabinets can breathe new life into an outdated kitchen. Many kitchen updates involve upgrading appliances. Having new appliances that will not have to be replaced for years is a huge plus for many homebuyers, making the upgrade for those looking to sell well worth it.
Create an outdoor living space
Simsbury residents get to enjoy four distinct seasons. From the first warm rays of sunshine in spring to the stunning displays of colorful foliage in autumn, homeowners in Simsbury can enjoy months of glorious weather. Outdoor living rooms are becoming increasingly popular among luxury homeowners. These lavish outdoor spaces often include plush lounge seating and entertainment areas. Having an outdoor living space is a great way for Connecticut homeowners to enjoy the state’s beautiful climate. Especially for buyers looking at single-family homes for sale in Simsbury, Connecticut, having an outdoor space to spend time with family is important.
Even those not looking to create a high-end outdoor living room can still add value to their home by adding a deck or patio space for family and friends to congregate outside. Adding a patio can offer a return on investment of 80%
or more. Even small additions to a backyard can increase the value of a home. For instance, a firepit can have a 6% return
, while even just refreshing the landscaping can have a 100% return on investment and add value to the home. These features can help transform a backyard from a plain outdoor area into an elevated living space that can bring hours of enjoyment.
Add a home office
Across America, roughly 27.6 million people work primarily from home
, and many more have a hybrid schedule that keeps them home part-time. With working from home becoming increasingly popular, having a home office can be a big positive for many. Even those that do not work at home can still enjoy having a dedicated space in their house where they can focus without distractions. Those with a spare room or extra bedroom can easily transform the space into an office by adding shelving, a desk, and a computer. Adding a dedicated home office to a house can come with an 87% return on value
. For homeowners that do not have a spare room and do not want to add an addition, even just creating a nook in a quiet room dedicated to working can make the home more appealing and useful.
Small details that make a big difference
When many homeowners think about boosting the value of their homes, they tend to think of large projects and renovations that come with a huge price tag. However, there are small upgrades anyone can make that come with a good return on investment and give a home a major refresh.
Lighting can make a big difference in the feel of a home. Today, many homebuyers are looking for spacious rooms and open-concept living. Updating lighting with bright bulbs and tones that complement the room can revitalize a space. Adding energy-efficient LED bulbs can also help homeowners save on electricity.
Refinish hardwood floors
Over time, hardwood floors lose their luster, causing them to look worn out and drab. While hardwood floors are a big positive for many homebuyers, if they look like they need to be replaced, buyers might end up passing on the home to save themselves the hassle. Refinishing hardwood floors can reap a whopping 147% return on investment
If you want to learn more about how you can boost your home’s value before a sale or want to learn more about high ROI home improvement projects, contact a local real estate professional. Paula Fahy Ostop
and Ellyn Marshall
and well as their team at the Marshall and Ostop Team
at William Raveis Real Estate
have been serving the Simsbury area for years, giving them the knowledge and experience that can help make your project a success. Do not hesitate to reach out today
to get all your questions answered.