In the heart of the Bluegrass State, the real estate market is a combination of historic charm and modern vibrancy.
For homeowners in Louisville, KY looking to maximize their investments, the question of how to increase their home’s resale value takes center stage.
Whether you’re preparing to sell in the near future or simply want to enhance your property’s long-term equity, navigating the nuances of the real estate landscape requires a strategic approach.
Increasing the Value of Your Home in Louisville, KY
Louisville’s neighborhoods are known for their curb appeal. Make a strong first impression with these exterior remodels:
- Invest in Painting and Materials – Painting your exterior walls or changing the siding of your home can be a great way to increase its value. As a bonus, this can also add more energy efficiency to your home.
- Replace Your Front Door – The front door is a great way to make a first impression. Buyers value security, so investing in composite or other high-security doors can get you some amazing results. Opt for a beautiful design in a coordinating color to create a focal point.
- Replace the Garage Doors – Garage doors are quick to look old and worn. New garage doors give a refreshed look to the whole house.
- Replace Windows – Window replacement might be a big investment, but it is one that prospective buyers value. For example, changing from wooden windows to vinyl adds an energy-efficient feature to your home and gives it a refreshed look.
- Invest in An Outdoor Feature – Sometimes the one thing that sets one home apart from another is the backyard. Consider investing in your outdoor area with a few upgrades to make your home more appealing.
- Add a Fence – Adding a fence is always a good investment. It provides safety, security, and boundaries and makes your house more valuable and secure.
- Landscaping – Most buyers don’t want to inherit a problem in the backyard. An investment in landscaping can make your home look bright and pleasant.
- Outdoor Living – Make the outdoor space more functional by adding an outdoor kitchen, fire pit, or entertainment space. Extra usable space is always convenient for homeowners. Adding furniture and lights creates a cozy and comfortable outdoor space.
Interior Remodels for Increasing the Value of Your Home in Louisville, KY
Updating your interior spaces by embracing sustainable features or upgrading the style can set your home apart from others.
1. Kitchen Remodel – Kitchen remodeling in Louisville, KY is the most certain way to increase the value of your home. Typically, a kitchen remodel is a big investment, but greatly beneficial. Lighting, paint, counters, appliances, and efficient storage are key elements to consider for any kitchen remodel. A kitchen remodel will provide an ROI of around 50 percent, sometimes more. That means if you spend $50,000 on your remodel – you can anticipate an increased sale price of between $25,000 – $30,000.
2. Bathroom Remodel – Adding changes and improvements to your bathroom can significantly increase your home’s value. Consider replacing the tiles, investing in a double-sink option, repainting the walls, or replacing the fixtures to add more functionality. A mid-range Louisville bathroom remodel boasts an ROI of almost 70 percent for the average homeowner.
3. Basement Remodel – Investing in your basement is always a good way to increase the square footage of your home. Creating more space allows you to add an extra bedroom, living space, or office. Make sure to invest in the floors and insulation of the basement walls to protect your basement from mold and moisture. A well-done Louisville basement remodel will recoup approximately 70 percent of your investment.
Increase The Value of Your Home in Louisville, KY
As the real estate market continues to evolve, homeowners can enhance their property’s resale value with strategic remodeling.
By leveraging the assets of your home and making key improvements, you can tailor your remodel to appeal to a wide range of prospective buyers.
Whether you’re preparing to sell or investing in your home’s long-term equity, our remodeling contractors in Louisville, KY can help you gain leverage in the real estate market.