Every year we always hope that our house has increased in value. However, some people are actually taking a proactive approach to making this happen. Do you dream of selling your house for the highest price? Or maybe you are a savvy buyer looking for a rough diamond. Either way, there’s one thing you can’t ignore: renovation trends. Proper renovations can skyrocket the value of your home, from high-tech upgrades to luxurious bathrooms and outdoor living spaces. But with so many options out there, where do you even start?

So let’s roll up our sleeves and get to work! In this article, we unveil the 7 most important renovation trends to increase the value of your home and make it the envy of the neighborhood. Do not worry; We’ll cover you.

Know what’s hot

Before we dive right into the renovations, let’s look at the trending numbers. A comprehensive study was conducted by the experts at The rental times to determine the average cost and expected value of homes for 34 remodeling projects in 1,300 US markets. The cost was calculated by analyzing the size, scope, quality and materials of each project based on reliable online home improvement sources.

Labor costs were estimated using data from the Bureau of Labor Statistics and accounting for hours worked. Using a proprietary cost matrix, material and labor cost figures were adjusted by location.

70,000 Redfin homes undergoing a completed remodel were analyzed to determine expected value. The 34 remodeling projects were matched to these listings and a regression analysis started to determine the average impact on property prices by location.

For each project and location, the average return on investment (ROI) was calculated by dividing the expected added value by the average cost. This study provides valuable insight for homeowners who are remodeling their homes and want to make informed decisions about which projects will yield the best ROI.

Energy Efficient Upgrades

INCREASE THE VALUE OF YOUR HOME AND SAVE…