Are you looking for ways to increase the value of your home? Simply maintaining a home may increase your net worth over time, but if you want to really make a difference in your home's value, consider renovating! Home renovation offers tremendous returns on top of improving your daily life. Here are a few home renovations that are really worth the investment.

New Flooring

Did you know that a new floor upgrade is one of the best ways to renovate your home for a profit? According to HomeLight, new wood floors have an ROI of roughly 106%. Flooring is one of the most easily overlooked ways to add immediate value to a home. This is especially true for bathrooms and kitchens as these floors are likely to be exposed to water damage at some point. Even if the damage is cosmetic, kitchen and bathroom remodeling provides immediate value when upgrading your flooring.

Additional Storage

A lot of homeowners overlook storage outside of their bedrooms when they're buying their houses. Bankers and real estate agents never do. As long as the style suits the house's aesthetics and design, more cupboards and cabinets can add immediate value to a home. A bathroom with plenty of space to store towels and a kitchen with a large and comfortable pantry can be massive upgrades to a home. When you're doing renovations, kitchen and bathroom remodeling that adds storage will always impress.

Kitchens and Bathrooms

As you might imagine, all of these options pale in comparison to the ROI of any kitchen and bathroom remodeling projects. As kitchens and bathrooms are the most functional rooms in the house, improving their style and upgrading their cabinetry and flooring preserves your home. Not only that, but it also prevents water damage and mold from developing. When you factor in how much value the upgrades can add to your home, these projects are a no-brainer.

If you want to grow your wealth, improve financial security, and see a high return on your investment, consider renovating your home. A few upgraded rooms will massively increase the value of your home, whether you plan to sell it or pass it on to your kids. Give us a call at Canyon Flooring, Kitchen & Bath today to learn how we can help.