A newer version of your browser is available. Older versions may limit your ability to access some of this site's functionality. Citizens Bank recommends upgrading your browser.
Katie Rosseel | Citizens Bank Contributor
No matter what part of your home you’re thinking about renovating, it’s important to be aware of what kinds of changes actually add value. Whether you’re redoing your kitchen or adding another bathroom, these examples explain how you can ensure your home renovation will maintain — or even increase — the assessed value of your home.
Ah, the 50s. A time when Elvis Presley dominated the radio and Marilyn Monroe was hitting her stride in Hollywood. Although some cultural aspects of the 1950s are timeless, home décor from this period is geared toward a very specific taste, making it a risky choice for a home improvement.
Instead, install energy-efficient appliances in your kitchen. This update will give your kitchen a fresh, modern look while helping to decrease your water and electric bills. Since the majority of homebuyers appreciate upgraded kitchen appliances, this renovation will increase the value of your home.
Upgraded kitchen appliances are a big draw for homebuyers.
While this may be a common fixture in the majority of royal bathrooms on television, it’s definitely not a necessity in a modern home. Since almost all toilets have a similar white porcelain appearance, a solid gold toilet isn’t something many (any?) people are looking for. Doing anything too customized to your bathroom fixtures, like inlaid tiles or unusual colors, may actually decrease the equity of your home.
A more practical bathroom upgrade idea is to replace your tub with a walk-in shower. Oftentimes, tubs are not used on a daily basis by homeowners, yet they still occupy significant space in bathrooms. Replacing your tub with a large, upgraded shower can increase the value of your home.
Although installing a swim spa in the backyard could provide countless hours of fun in the sun, this renovation will not necessarily increase your home’s value. Because this outdoor water feature is so unique, it may not appeal to future potential homebuyers, thus decreasing the value of your home. Purchasing a membership to your closest health club is a much better choice than installing your own swim spa.
On the flip side, a deck is a great use of outdoor space. It provides an area where friends and family can gather for the bulk of the year without being cramped inside. Since many people purchase a home with the intent to entertain friends and family, a backyard deck is a smart option that fits a common need and may increase home equity.
Sure, glass flooring adds more natural light to your home, but this delicate material is better kept just to your windows. While this flooring may be the perfect fit for you, other homeowners may seek a sturdier flooring material. And, since this pricy renovation isn’t widely appealing, it could also lower the assessed value of your home.
Want a better idea? Classic hardwood floors never seem to go out of style. While it might not be as unique, natural wood flooring is a classic element that fits well in every home and is durable and easy to clean. Since this renovation is versatile and lasts for several years, it’s a great long-term investment that may increase the value of your home.
A hanging bed may reassure you there are no monsters hiding underneath, but this master suite feature isn’t for everyone. Because this sleeping arrangement is extremely unique and highly personal, it may end up decreasing the value of your home.
The master bedroom is typically occupied by two people, so it’s important that each individual has an appropriate amount of storage space. Consider expanding the space for walk-in closets or adding built-in storage. Master closets are a major selling point in homes; expanding its size is certainly a renovation that may increase your home’s appeal to buyers.
It’s important to make your house feel like a home by adding your own personal touch. However, renovations that are too customized may have the unintended effect of decreasing the value of your home. Keep your renovations classic and add your own personal stamp through your furniture and home décor. That way, you’ll be able to create a unique space while also maintaining — and possibly increasing — the value of your home.
The zip code you entered is served by Citizens One, the brand name for Citizens Bank's lending business outside of our 11‑state branch footprint. Under the Citizens One brand we offer Auto Loans, Credit Cards, Mortgages, Personal Loans and Student Loans. To learn more, please visit: