You’ve decided it’s finally time to update your home. Whether you’re looking to sell in the near future or want to improve your living space, renovations can freshen up your property and potentially increase its value. But not all renovations are created equal when it comes to return on investment. Read on to learn which projects are most likely to pay off if and when you decide to sell.

Update Your Kitchen

Of all the rooms in a home, the kitchen often provides the biggest bang for your buck. This is the space that homebuyers pay closest attention to, since it’s central to day-to-day life. Replacing outdated appliances with energy efficient models, installing new countertops, refacing or replacing cabinets, and updating fixtures can make your kitchen look fresh and modern. Aim for functional upgrades over luxury ones. For example, potential buyers may not care about a built-in espresso maker, but they will appreciate granite counters and a gas stove.

Refresh Bathrooms

Like the kitchen, bathrooms are essential spaces that can really make or break a home for buyers. Outdated, badly maintained bathrooms can be a major turnoff. On the other hand, renovated bathrooms with updated features and fixtures like walk-in showers, double sinks, and heated floors can boost your home’s value. Focus on the master bathroom along with any other bathrooms that get a lot of use.

Improve Curb Appeal

Don’t underestimate the power of small upgrades to the exterior of your home. Curb appeal is hugely important, since it makes that critical first impression on potential buyers. Painting or residing your home, upgrading front lighting, adding stone accents, landscaping, and clearing clutter can pay off when it’s time to sell. A welcoming exterior that looks loved invites buyers inside.

Modernize Flooring

Old, worn carpeting and outdated vinyl or linoleum flooring can make a home seem outdated and less valuable. Replacing these materials with new hardwood, tile, stone, or high-end vinyl plank flooring goes a long way towards modernizing your home. Make sure to choose durable, quality materials that will retain their beauty over many years of use.

Remodel an Unused Room

Do you have a basement, attic, or bonus room that isn’t being used to its full potential? Turning one of these wasted spaces into a bedroom, home office, gym, or other usable room adds square footage and functionality to your home. For example, converting an attic into a kids’ playroom or guest bedroom can drastically increase the value and appeal of your home for families.

Upgrade Systems and Equipment

Behind-the-scenes upgrades like replacing an aging HVAC system, upgrading plumbing pipes, or installing a new hot water heater may not be exciting, but they are important. Deficiencies in essential systems and equipment can lower buyer confidence and negotiating power. Proactively upgrading these features shows buyers the home’s major systems are modernized.

Making strategic renovations to your home, with the help of a renovation company, can really pay off when it comes time to sell. Focus on the rooms buyers care about most – the kitchen, bathrooms, and places that make a strong first impression. Also, look for inexpensive ways to add functionality and modernize outdated aspects of your home. With the right improvements, you can maximize your home’s value and appeal.