7 Remodeling Ideas that Add Value To Your Home

Are you considering a remodeling project for your home? Before you begin, you should determine whether the project you're considering is worth your time and investment — especially if you plan to fund a remodel with home equity. If you want to increase property value and boost your chances of selling, some proven remodeling projects are sure to do just that.

These seven remodeling projects will not only help you increase your property value, but they're sure to have impressive results, too. For the authoritative cost-recouped data behind claims like these, see the Cost vs. Value report. And if you're still weighing how to pay for the work, our guide to when a renovation loan makes sense can help.

Project #1: Install a New Roof

A new roof is fantastic for improving property value. In fact, a new roof can recoup a meaningful share of its cost at resale. So, if your roof is in a bad state, consider installing a new one.

Project #2: Redo the Kitchen or Bathroom

Ask any realtor, and they'll tell you that it's the kitchen and the bathrooms that close the deal on home sales — the National Association of REALTORS' Remodeling Impact report echoes exactly that. Kitchen remodels consistently rank among the projects that recoup the most at resale.

If you aren't sure where to start in the kitchen or bathroom, go with the countertops. They're the showstoppers in both rooms. You can make a significant impact by choosing a material like quartz. Just be sure to check out the cost of quartz countertops in your area before committing to an idea. Once you've upgraded the counters, renovate the rest of the room to match. Redo the cabinets, floors, and fixtures to bring the whole room together.

Project #3: Switch to Hardwood Floors

Did you know that realtors widely report that houses with hardwood floors sell faster and for more money? If you want to increase your property value, then you can't go wrong making the switch to hardwood floors. If you already have hardwood, be sure to give it a good polish to make sure it's in top shape.

Project #4: Increase Energy Efficiency

Sustainability is a significant trend in the home market. More homeowners are looking to purchase houses that are energy efficient and use sustainable materials. Consider upgrading your insulation, weatherproofing, and using sustainable materials. If you're committed, make the switch to solar — solar can make a home more attractive to a sustainability-focused buyer.

Project #5: Build a Wooden Deck

Research indicated that adding a wooden deck is the most cost-effective remodeling project for a mid-range home. Who doesn't love a large wooden deck overlooking a beautiful backyard? Wooden decks are relatively cheap to build, especially when you consider their return.

Project #6: Upgrade the Siding

You might be surprised to know that new siding can recoup a large share of its cost. If your house's current siding isn't up to par, consider redoing it or upgrading it.

Project #7: Add More Square Footage

The most straightforward way to increase property value is to add square footage. You can add a second floor, a mother-in-law-suite, increase the size of your kitchen or laundry room, or more. More square footage equates to a higher ticket price. However, be sure to get the appropriate permits and keep track of your expenses. Adding square footage can get you upside down quickly if you aren't thoughtful. Because of the scale and permits involved, these projects are often financed differently — see our guide to construction loans for major projects.

Start Remodeling and Increase Your Property Value

These seven remodeling projects are proven ways to increase your property value. Don't waste your energy, time, and money on projects that won't give you the results you want. Instead, focus on projects that have proven time and time again that they directly increase your return on investment and make homebuyers more apt to buy your house.

The best thing is that all these renovations also have beautiful results. So, not only do you increase your property value, but your home looks terrific, too.