If you are thinking of remodeling your home to increase its value, you are not alone. Each year, millions of Americans read books and posts online about top home improvement projects and start them right away with the hopes of building value to their property. But one has to realize that not all home remodeling projects will pay off. In fact, there are some that may even bring down the value of your home. Luckily for you today, we are going to learn more about the ones that will give you the most bang for your buck!

Things to Avoid

Avoid Costly Home Cinemas 

You might be a movie buff that spends a lot of time going to the movies. But that doesn't mean a future homeowner will feel the same. Installing a home cinema might seem like a great idea, but the truth is it adds very little value to your home. The average price of installing a home cinema is around $30,000 which is quite a lot to shell out if you’re not going to get much in return.

Combining Bedrooms 

It may seem like a great idea to combine two smaller bedrooms into one because you will have a much larger bedroom to enjoy. But what you’re actually doing is bringing down the value of your home by as much as 15%. But why is this the case? The answer is simple, the more bedrooms you have in your home no matter how small will bring up the value. When people are shopping for a new home, most want at least three bedrooms or more. This is just one of the remodeling projects you should avoid.

Installing Carpet 

While not everyone dislikes carpet, the trend these days is hardwood floors. Many people love hardwood floors and will avoid buying a home that has wall-to-wall carpeting. Carpeting will help you keep your feet warm in the winter but it doesn't hold up well to wear and tear. This over time could bring down the value of your home. So why not spend a little extra money and have those hardwood floors installed?

Things To Embrace

A New Roof Will Go A Long Way

If your roof is older than 15 years, it might be time for a new roof. By adding a new roof to your home, you will bring up its value and appeal. While adding a new roof is a major project that costs a pretty penny, it will pay off in the end. Here’s a complete and detailed information that I can recommend you going over if you're looking for roofing solutions, so you can choose which one suits for you and for your budget.

Finishing The Basement

A great way to add lots of value to your home is by finishing your basement. The return you will get on a finished basement averages around 70%. When you finish a basement, you are adding more living space to the home which is always a good thing. Not only will a finished basement bring you lots of value, but it will also give you a very comfortable place for the family to enjoy. Many people use their finished basements as family room or a man cave.

A Kitchen Remodel 

If your kitchen has not been updated in more than two decades, it might be a wise move to give it a face lift. The kitchen is the heart of any house and it is the place where the family gathers each day. By remodeling the kitchen, it will add around 4% to 5% to the overall value of your home. There are lots of things that can be done in the kitchen including installing new cabinets and counter tops and replacing old appliances with new modern ones. The sky is the limit with what you can spend on a kitchen remodel, but always keep in mind that you need to stay on a budget you can afford.

Boosting Curb Appeal 

One of the best ways to add value to your home is by boosting curb appeal. If your front lawn has seen better days, it is time to spruce things up a bit. Installing new plants and creating attractive flower beds will help your home look its best. The best part is you can do a lot of this work yourself. This will help reduce the cost of labor so that you can keep more money in your pocket. If you don't have a green thumb or you simply don't have the time, you can always hire a landscaper to do the work for you. Either way, you will be bringing up the value of your property and the front of your home will look amazing!

Go For Affordable Luxury

Everyone needs some luxury in their home. But not everyone has the cash to spend on higher end home items. A great way to combine some luxury in your home is to pick one area of the home to spend the most money on. For example, you could go all out in your master bathroom by installing that claw foot tub you have always dreamed of. This will bring you lots of joy while not over doing it or spending too much of your budget on creature comforts.

Replace That Old Garage Door 

This is an affordable way to bring up the value of your home. Since your garage door is one of the first things people see when they pull up in your driveway, it should be in great shape. Garage doors that are old or not working properly should be replaced. This will not only make your home look better, but it will also make your life a bit easier.

These are a few tips that can help add lots of value to the home. By following these tips, you will save money and time. So make sure you incorporate some of them into your design. You will be glad if you do!