Four Renovation Projects That May Increase The Value Of Your Home

The Chicago home design industry offers many trends to elevate your house’s aesthetic and functional appeal. Interestingly, Chicago residents gravitate toward personalization, rejecting cookie-cutter interior layouts for remodeled spaces tailored to their lifestyles. 

Designs like multipurpose flex rooms, outdoor seating spaces, and open-concept floor plans fit seamlessly with Chicago’s airy and breezy residential landscapes. Homeowners in the Windy City have preferred sustainable materials and energy-efficient installations to minimize carbon footprints. 

Suppose you wish to increase the value of your property to make a hefty resale profit. In that case, we advise prioritizing renovations that offer higher ROIs and attract potential homebuyers. Given Chicago’s climate and interior trends, projects like a heated garage, open floor plan, and luxurious backyard offer exceptional ROIs. 

We advise extensive research to understand what modern-day homebuyers desire and prioritize upgrades that promise guaranteed ROIs. Read on to explore our picks for renovation projects that are bound to boost the market value of your home in Chicago. 

• A Spa-like Luxurious Bathroom 

Bathroom remodeling projects are the safest choice for higher ROIs as they attract scores of serious homebuyers. A bathroom is a private space where one retreats for relaxation and privacy, reveling in the comforts of self-care. Much like a kitchen, a fresh coat of paint, grout treatment, and state-of-the-art fixtures can transform your bathroom. 

Potential homebuyers in Chicago seek a Balinese-style bathroom with a luxurious spa-like experience. This project requires an amalgamation of serene aesthetics and state-of-the-art fixtures, like rain showerheads, smart double-sink vanities, and a whirlpool tub. 

We advise enlisting the advice and support of seasoned Chicago bathroom remodeling experts to plan a cost-effective and quality-focus remodel. 

It’s easy to get carried away with planning when you lack market-specific insight about raw materials and remodeling costs. Working closely with a local bathroom remodeling specialist will anchor your plans with a realistic budget and market insights. 

An expert will introduce you to cutting-edge fixtures and precious raw materials to achieve your spa-like vision. 

Homeowners can create a spa-like environment with a combination of wooden and stone accents infused with greenery and plants. Muted color tones such as earthy browns, polished greys, and angelic whites will give the bathroom a calming serenity. 

Natural stones like granite, marble, and travertine will create a beautiful layout that gleams under sunlight. 

Consider increasing the floor plan to make your bathroom more spacious if the square footage allows. You can create an adjoining walk-in wardrobe or add more space between the shower, tub, and vanity. 

Homeowners can create the illusion of a spacious bathroom by adding floor-to-ceiling mirrors – perfect for great outfit-of-the-day selfies! 

• A Heated Garage

Here’s a super-functional project with potential buyers lining up offers: a heated garage. For those who’ve lived in Chicago for decades, a heated garage is one of the most valuable home features. Chicago experiences a long and freezing winter with strong winds and violent snowstorms. Protecting one’s car and valuables in a non-heated garage is next to impossible. 

Remodeling your existing garage into a heated space will maximize comfort and convenience, making the unit highly functional for winter. Aside from eliminating the risk of costly auto repairs and weather-related property damage, a heated garage has many uses. 

For instance, it can serve as a makeshift home office, children’s play area, and a rental unit. 

Homeowners in Chicago can add and rent out additional dwelling units (ADU) to establish passive income streams. A heated garage can serve as an ADU that offers maximized convenience and can create passive income for potential buyers. 

• An Open Floor Plan 

Open-concept floor plans are highly desirable for Chicago homebuyers who prefer airy, sun-soaked, spacious living spaces over constricted rooms. Suppose you struggle to attract serious buyers because of insufficient space and cramped rooms. In that case, opening up the floor plan by dismantling the doors and walls is a terrific solution. 

Once you knock down the dividing structures, you will have ample space to customize into a more functional and fluid floor plan. This open-concept floor plan can incorporate the kitchen, living room, dining area, and an elegant reading nook with a daybed. 

Open floor plans are incredibly versatile, offering endless possibilities to tailor the space to your preferences. 

You can decorate the space with a neutral, consistent color tone, allowing the furniture to float around the floor. Homeowners conscious about functionality can always divide the floor into rooms with the right furniture and fixtures. 

• A Kitchen Transformation 

The kitchen is the home’s beating heart, anchoring the floor plan with a functional, warmth-exuding space. The center of all action and activity, the kitchen demands a purposeful design supported by cutting-edge appliances. 

A modern kitchen with a cozy breakfast nook and state-of-the-art appliances offers tremendous ROI by significantly boosting the property’s market value. 

If you’re focused on the resale value, a luxurious kitchen is bound to make Chicago homebuyers swoon with joy. You can approach multiple budget-friendly and lavish approaches to give your kitchen a facelift. 

A cost-effective makeover can involve a new backsplash, lighting fixtures, floating shelves, and polished cabinetry. 

But if you want to make a sizable investment, consider investing in premium-grade smart appliances. Smart homes are all the rage in Chicago, much like the rest of the nation, given the enhanced convenience and utility. 

You can also expand the kitchen area by adding more square footage or altering the floor plan with a breakfast area. 

Kitchens that blend the indoors and outdoors with an adjoining herb garden and patio make splendid use of space. This is a remarkable idea to remodel your kitchen and backyard simultaneously, allowing the spaces to blend seamlessly. 

Adding more storage space to the kitchen is another aspect that attracts scores of potential homebuyers. 

A walk-in pantry, polished walnut wood cabinets, wall-mounted racks, and slide-in shelves are excellent designs to maximize storage space. You can also invest in eclectic lighting fixtures to enhance the ambiance and draw more sunlight. 

Final Thoughts 

If your underlying goal is to maximize ROIs and profits, we advise prioritizing convenience and functionality. Collaborating with a remodeling expert is crucial for gaining valuable insight and exploring interior trends attracting serious homebuyers. 

Planning a remodeling project can prove overwhelming, especially if you lack design insight. 

We advise extensive research to familiarize yourself with architectural and construction processes. Diving into an extensive remodeling project without knowing what to expect can result in devastating financial losses. 

A step-by-step approach will give you ample time to examine your envisioned upgrades’ financial feasibility and market value.