8 Home Remodeling Tips That Increase Value

 

You’ve purchased your dream home; now it’s time to transform it into a space that truly reflects your taste and lifestyle. But while you may have a clear vision of what you want, do you know which remodeling projects will not only bring you joy now but also increase your home’s value when it’s time to sell?

“Many homeowners make the mistake of over-improving or choosing the wrong upgrades when preparing to list their homes,” says Keith Thompson, a seasoned real estate broker with Berkshire Hathaway HomeServices Carolinas Realty in Charlotte, NC. “That’s why it’s crucial to consult with a real estate expert who can guide you on which improvements will add real value and help your home sell faster.”

To help you navigate the home remodeling process effectively and maximize your investment, we’ve put together a CliffsNotes version of the top remodeling tips. Consider this your shortcut to acing home improvement.

 

8 Tips to Help Your Home Remodeling Project Go Smoothly and Boost Your Bottom Line

Tip 1: Consult a Real Estate Agent

Even if it’s been years since you last spoke with the agent who helped you buy your home, they remain a valuable resource, especially when it comes to remodeling projects. “They can provide insights into which upgrades will yield a return on investment and which ones may not,” says Thompson.

“For example, in the Charlotte market, an in-ground pool adds no value to a home,” he explains. “It won’t hurt your sale, but I always advise clients that a pool is a personal luxury, much like a vacation—you won’t see a financial return, but you’ll enjoy the experience.”

Tip 2: Do Your Homework

Before diving into a remodeling project, take the time to research the best materials and upgrades for your home. Armed with this knowledge, and in consultation with a trusted broker, you’ll be better equipped to choose projects that enhance both your enjoyment and your property’s value.

Tip 3: Hire a Recommended General Contractor

When it comes to major remodeling tasks—like tearing down walls or redoing plumbing—trusting the right professional is paramount. “Craftsmanship plays a significant role in perceived value, so surround yourself with reliable professionals,” advises Justin Udy, a real estate agent with Century 21 Everest Realty Group in Midvale, UT.

“Obtain multiple bids and choose the contractor who seems best suited for the job—not necessarily the most expensive. The cheapest option rarely delivers the best quality, and the priciest doesn’t always guarantee superior work. Look for someone who is professional, competent, and comes highly recommended.”

Thompson adds, “Ask for references from recent clients and, if possible, inspect their previous work firsthand.”

Tip 4: Consult an Interior Designer

Many home improvement stores, such as Pottery Barn and West Elm, offer free design consultations with in-house designers. These professionals can help you determine whether smaller projects, like painting or wallpapering, are worth the investment and how to integrate them into your overall home design.

“Most of these services are free, making them a valuable resource in your remodeling journey,” says Ronnie Tal, a licensed real estate salesperson with Charles Rutenberg in New York City.

Tip 5: Get It in Writing

Unfortunately, a handshake is not enough to seal the deal. “Ensure that every agreement is documented,” says Thompson. “Before you sign anything, outline a clear process for the work to be done, including steps for resolving any disputes or issues that may arise during the project. It’s common to encounter some bumps in the road, especially with medium to large projects, so having a plan in place will help you stay on track and satisfied with the results.”

Tip 6: Expect the Unexpected

Even with the best planning, unforeseen costs can arise during a remodeling project. “Issues often pop up that weren’t anticipated,” says Udy. To prepare for these surprises, “take your total budget and add 10% for a contingency fund. The older the home, the larger the contingency fund should be.”

Tip 7: Ditch the Traditional

“Today’s buyers tend to prefer a contemporary look,” explains Tal. “Focus on updating key areas like the kitchen and bathrooms with modern light fixtures, stainless steel appliances, and sleek cabinetry.”

Tal also suggests opting for a neutral color palette, such as grays and off-whites, which complements a variety of styles while maintaining a clean and modern feel. 

Tip 8: Follow the Rules

One of the quickest ways to derail a remodeling project is to neglect proper permits or paperwork. “It’s generally the contractor’s responsibility to secure the necessary permits,” says Udy, “but it’s essential to ask them, as well as your architect or designer, which permits are required and how they plan to obtain them.”

“Lacking the right permits can cost you valuable time and money,” adds Udy. “Avoid fines and delays by contacting your city planning office early to understand the requirements for your project.”

 Conclusion: 

Embarking on a home remodeling project is an exciting opportunity to tailor your space to your needs and preferences. By following these expert tips, you can avoid common pitfalls, enhance your home’s value, and ensure a smoother renovation experience. Remember, the key to a successful project lies in careful planning, professional advice, and staying flexible to accommodate the unexpected.

For more personalized advice and to explore how specific improvements could impact your home’s value, visit our website, Dwanderful or book a consultation with one of our real estate experts. We’re here to help you make informed decisions that will pay off in both enjoyment now and increased value when it’s time to sell.

Frequently Asked Questions:

1. What home improvements will add the most value?

Home improvements that typically add the most value include kitchen and bathroom remodels, adding energy-efficient windows and doors, and enhancing curb appeal with landscaping or exterior upgrades.

2. What part of your house is the most worth remodeling?

The kitchen is often considered the most worthwhile part of a house to remodel, as it’s a central gathering space and a key factor in buyers’ decisions. Bathrooms and master suites also offer strong returns on investment.

3. What is the most expensive part of remodeling a house?

The most expensive part of remodeling a house is typically the kitchen, followed closely by bathroom renovations. Structural changes, such as removing walls or adding square footage, can also significantly drive up costs