Increase Your Home Resale Value: 7 Renovations

Increase Home Resale Value Cover Picture shows an updated modern kitchen with clean lines

An update for the list in 2023, there are several renovations that homeowners can undertake to increase their home resale value. With the current housing market being highly competitive, it’s more important than ever to make your home stand out from the crowd. By improving and updating the things that buyers look for the most, you can maximize your profit and sell your home quickly.

Here are some of the most effective renovations to consider for increasing your home resale value in 2023:

  1. Kitchen Remodel

A kitchen remodel continues to be one of the most effective ways to increase your home resale value. In 2023, homeowners are looking for modern, functional kitchens that can accommodate their busy lifestyles. This means updating your appliances, cabinets, countertops, and lighting to create a space that is both stylish and practical.

  1. Smart Home Technology

As technology continues to advance, homebuyers are increasingly interested in homes that are equipped with smart home features. These can include things like smart thermostats, security systems, lighting, and home entertainment systems. By investing in these features, you can increase your home’s desirability and appeal to tech-savvy buyers.

  1. Outdoor Living Spaces

In 2023, homeowners are also looking for outdoor living spaces that can serve as an extension of their home. This means creating a functional and inviting space for entertaining, relaxing, and enjoying the outdoors. Adding a deck, patio, or outdoor kitchen can significantly increase your home’s resale value and appeal to buyers.

  1. Energy Efficiency

In today’s environmentally conscious world, energy efficiency is a top priority for many homebuyers. Upgrading to energy-efficient appliances, windows, and insulation can significantly reduce your home’s energy costs and appeal to buyers who are looking for eco-friendly homes.

  1. Home Office

With remote work becoming more prevalent, having a dedicated home office is more important than ever. By converting an unused room or space into a functional home office, you can increase your home’s appeal to buyers who are looking for a home that can accommodate their work-from-home needs.

  1. Bathroom Updates

In addition to the kitchen, updating your bathrooms is another effective way to increase your home resale value in 2023. This can include replacing old fixtures, updating the flooring, and adding new lighting. A modern and functional bathroom can significantly increase your home’s desirability and appeal to buyers.

By focusing on these key renovations, you can significantly increase your home resale value in 2023. Whether you’re looking to sell your home now or in the future, investing in these upgrades can pay off in terms of a higher sale price and a faster sale.

Below you will find our past top 7 renovations from 2022:

Increase Your Home Resale Value

Increase Your Home Resale Value

There are 7 renovations that will help increase your home resale value.  You want to make the most money possible when it comes time to sell your home. The way to do that is by improving and updating the things in your home that buyers look for the most.

We compiled this list for those looking to boost their resale value. It’s important to focus on the renovation projects that will net you the highest ROI (Return On Investment.)   All of the projects on this list were chosen for their ability to produce high ROI as well as create a more desirable home. Remember – it’s important to make money. But it’s also important your house doesn’t sit on the market for a year.

Make these updates and you should fetch a high sale price, quicker than you would otherwise.

1) Increase Your Home Resale Value:  Remodel the Kitchen

The decision among real estate experts about where you get the highest ROI renovating your home is unanimous.

Also there is a white kitchen island with white quartz countertop. Additionally, the cabinets are a light brown wood finish.  Remodeled Kitchens Boost Home Value. This kitchen, one of our recent listings that sold in one day, was designed by Patti Gleason.

The answer is in the kitchen. For some reason people just want nice kitchens and care about it more than the rest of the house… Maybe it’s because that’s where people like to entertain guests.

Your main priority when renovating a kitchen should be layout. Creating a structure (or bones) that is functional and can easily be updated is super important. It’s one thing to replace a counter-top and cabinet doors. It’s a different story to completely renovate the whole kitchen.

Once you get the structure out of the way, search for materials that have a high quality look without a big price tag. You can make a space look modern and luxurious without having to use marble and granite.

“Nicole Curtis of DIY Network” type=”center”]I have seen so many people put in expensive goodies and never fix the bad flow. Spend the money on the layout — it never goes out of style. If you have a great layout, plugging in new appliances, hardware and cabinets can be quick and easy.”

2) Increase Your Home Resale Value:  Update Bathrooms

Moreover, the white elongated spa tub is filled with water. Also, a glass wall provides views of the ocean. Spa Bathrooms are timeless

Bathrooms are the second place buyers typically place the most value in a home. The good news is that making updates to a bathroom doesn’t have to cost a fortune. En-suite/master bathrooms are the most important. As they say, it’s where the magic happens. Cast a spell on potential buyers with a beautiful en-suite.

Increase Your Home Resale Value

3) Increase Your Home Resale Value:  Re-do Plumbing

Can we say

Additionally, two plumbers are working on a kitchen sink that is white. And one is under the sink and one is above. Also, the plumbers are wearing navy hoodies and blue jeans. New Plumbing Increases a home’s value

structural problems?

This is the #1 worry of all potential buyers. No one wants to move into a beautiful new house and have a disaster occur two or three months down the road. Re-doing your old piping and updating it to a newer plastic solution is a huge selling point. This removes some of the potential fear that comes with buying a home.

4) Increase Your Home Resale Value:  Remove Paneling and Stucco

And a man is removing the baseboard in preparation of removing panelling. The man is wearing a blue plain shirt. Replace wood paneling

Wood paneling and Stucco are common in older homes. Mainly because when it was popular, we didn’t have walls without imperfections like we do now. Not only are these two things ugly, they also show potential buyers that you lack the ability to update your home. “If you can’t update this, what is is lurking?”

Spend the time and money to update your paneling walls and get rid of the Stucco.

5)Increase Your Home Resale Value:  Attic Renovation

Furthermore, the pictures shows an attic remodel with a skylight in the slanted ceiling. Also, under the skylight is a large chair that is covered in a linen gray fabric.  Create a happy space in your attic

Attic renovations are a popular choice among DIY projects as expenses can be minimized. In many houses you will have the bones for a room. All that is required of you is putting up walls and handling the cosmetics. Updated attics can sometimes be a stronger selling point than updated basements.


6) Increase Your Home Resale Value:  Replace Siding

In addition,Before and After of a home that had it's siding replaced. And the new siding is gray with white trim. Before and After of a home that had it’s siding replaced.

Since curb appeal is so important, it makes sense to focus on the biggest factor. The outside of the house. Everyone knows the dingy, yellow siding that used to be white 60 years ago look. If your house looks like that – sorry. It’s time to update.

For those on a budget you can also try power washing. Power washing sometimes brings better results than you could imagine. And it barely costs anything.

7) Increase Your Home Resale Value:  New Garage Door

In addition to replacing/refreshing your siding and

Another option is to add a new garage door like this one in the pic. Additionally the door is a brown stained wood with horizontal windows on the right side. AND THE STYKE OF THE DOOR IS MID CENTURY MODERN. THE HOME SIDING IS WHITE STUCCO. New Garage doors transforms the home facade

landscaping well, your garage door can play a big part in selling your house. It’s another element of curb appeal that can draw in or turn-off potential buyers.

Luckily, new garage doors re-coup on average 80% of their investment in the long term. Basically, it will help you break even (or make money) while making your house more desirable.

In Conclusion

You want to sell your home in the least amount of time and for the most amount of money possible. The way to do this is by performing renovations with a high ROI. In addition, you want to focus on the most desirable updates. Doing so will ensure you attract more interest on your property.

Each of these on the list may not be necessary or feasible with your budget. Remember that curb appeal, kitchens and bathrooms are important. If you can focus on nothing else, focus on those things. These projects will reduce your risk of losing money in the renovation process and also help you sell quicker.

Need more information on selling your home in the area? Give me a call!  727-262-7920

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About the Author

Raised in a family of creative entrepreneurs, Aaron Hunt, Realtor St Petersburg FL, guides his clients with the same irrepressible spirit he was surrounded by as a kid. A Florida transplant, Aaron relates well to the out-of-state buyers, retirees, and vacation home-dwellers who make up the bulk of his clientele. He makes no secret of his love for St. Petersburg and its neighboring cities and towns, and it fuels his passion for helping buyers find their dream home.

Originally from the San Francisco Bay Area, Aaron grew up on the West Coast. His family owns hotels throughout California, Idaho, and Las Vegas, which has shaped Aaron’s eye for detail and his mind for business. In his subsequent career in the spa industry, he established a high bar for client service designed to cater to every discerning taste. From pampering spa customers to tending to real estate clients, Aaron knows how to take care of people.

Realtor St Petersburg FL:  Exceeding Expectations

By limiting the number of clients he represents at any given time, he ensures his undivided attention, absorbing every detail so he can deliver outstanding results and exceed expectations. Aaron co-founded Avalon Group, Realtor St Petersburg FL, in 2014 and grew it into the top-rated real estate team in St. Petersburg and Tampa Bay out of over 10,000 agents. Some of Aaron's greatest strengths are organizing and leading complex projects, making deals happen, and driving profit.

Aaron negotiates deftly for his buyers’ ideal homes.  Furthermore,  he attracts multiple enticing offers for his sellers’ properties.   Aaron prepares meticulously for every transaction, thoroughly covering every detail so clients encounter no surprise. He also relies on his dynamic support team and vast professional network to ease every facet of a transaction.  Additionally he makes sure to fulfill specific client needs. Aaron, a broker associate and Pricing Strategy Advisor, satisfies his competitive streak when everyone wins.

Realtor St Petersburg FL:  Living the Tampa Bay Lifestyle

Aaron has been a proud Florida resident since 2013. There’s always something interesting to do in St. Petersburg, and Aaron relishes it, exploring the city, traveling, hiking, biking, and visiting with friends. He also enjoys trying new restaurants in the region, especially in neighborhoods where he has homes listed. Aaron takes time to give back to his community by supporting St. Pete Pride and other annual festivals throughout the area.