Wednesday, Nov 20, 2024

8 Home Remodeling Projects to Boost Your Property Value in Minneapolis

If you own a home in Minneapolis, you may have a few home improvement projects you want to accomplish this year. However, it can be challenging to know where to start or what projects will add the most value to a home. For residents living in Minneapolis, there are several remodeling project ideas that can enhance the functionality, comfort, and style of their homes while also increasing their market value. From kitchen and bathroom renovations to outdoor living space  upgrades, let’s explore some valuable home remodeling project ideas for Minneapolis homeowners.

It’s important to note that the median list price in Minneapolis is $300,000, so comparing the list price of different home features can help you determine which upgrades will help you sell for more. 

#1: Crown molding

Crown molding is a decorative element that is installed where the ceiling meets the wall, creating a finished and polished look. It can be made from a variety of materials, including wood, plaster, or foam, and can be designed to complement the overall style of your space. In addition to its aesthetic appeal, crown molding can create a feeling of luxury and elegance to your home.

Homes for sale in Minneapolis that included a crown molding sold for a median list price of $429,900. 

#2: Tile backsplash

A tile backsplash can provide protection from moisture and stains, making it a practical addition to kitchens and bathrooms. It can also add a pop of color and texture to your space, making it more visually appealing. A well-designed tile backsplash can be a stylish focal point of your kitchen or bathroom, enhancing the overall aesthetic appeal of your home. Additionally, a tile backsplash is a relatively affordable and easy renovation project that can significantly enhance the value of your home.

Homes for sale in Minneapolis that included a tile backsplash sold for a median list price of $339,000.

#3: Barbecue

A permanently installed barbecue provides a convenient and safe cooking area for outdoor grilling, making it an ideal choice for those who enjoy outdoor entertaining. It can also be designed to complement the overall style of your backyard, creating a cohesive and attractive outdoor living area. During the sunny summers, having a barbecue creates an inviting and functional outdoor living space. It’s also a great option for blustery Minneapolis winters.

Homes for sale in Minneapolis that included a barbecue sold for a median list price of $289,999.

#4: Theater

Converting an extra room into a home theater can significantly increase the value of your Minneapolis home, as it adds both entertainment and functionality to the space. A home theater provides a comfortable and immersive experience for movie watching, gaming, and sports events, making it an ideal choice for those who enjoy indoor entertainment. It can also be designed to complement the overall style of your home, creating a cohesive and attractive living space.

Homes for sale in Minneapolis that included a theater sold for a median list price of $300,000.

#5: Mud room

For Minnesota residents, a mudroom can be a sensible and affordable choice to help keep your home clean and tidy. A mudroom is a practical entryway that provides a space for storing outerwear, footwear, and other items, making it an ideal choice for those who want to keep their home organized and clutter-free. It can also be designed to complement the overall style of your home, creating a cohesive and attractive living space.

Homes for sale in Minneapolis that included a mud room sold for a median list price of $489,999.


8 Home Remodeling Projects to Boost Your Property Value in Minneapolis

#6: Outdoor pool

An outdoor pool provides a space for recreation, relaxation, and exercise, making it an ideal choice for those who enjoy outdoor entertainment. It can also be designed to complement the overall style of your backyard, creating a cohesive and attractive outdoor living space. It’s a great option for those wanting to enjoy the beautiful Midwestern summers and have a well-designed backyard.

Homes for sale in Minneapolis that included an outdoor pool sold for a median list price of $445,000.

#7: Driveway

Many homes have a driveway, making it something you don’t necessarily have to install. However, you may want to consider re-paving your driveway. The harsh Minneapolis weather can take a toll on driveways, causing them to crack and deteriorate over time. By repaving your driveway, you can ensure that it is in good condition and can withstand the harsh winter weather. Additionally, a repaved driveway can enhance the visual appeal of your home, as it can be designed to complement the overall style of your property.

Homes for sale in Minneapolis that included a driveway sold for a median list price of $345,000. 

#8: Spa

Installing a spa in your backyard is a great way to enjoy the outdoors even in the cold of a Minnesota winter. A spa provides a space for relaxation, rejuvenation, and entertainment, making it an ideal choice for those who enjoy indoor and outdoor recreation. It’s also a practical addition, as it can be used year-round, providing a space for relaxation and entertainment during the harsh winter months.

Homes for sale in Minneapolis that included a spa sold for a median list price of $449,900.

Per home listing data on Redfin.com, as of March 2023.

The post 8 Home Remodeling Projects to Boost Your Property Value in Minneapolis appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

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By: Mekaila Oaks
Title: 8 Home Remodeling Projects to Boost Your Property Value in Minneapolis
Sourced From: www.redfin.com/blog/valuable-home-remodeling-projects-minneapolis/
Published Date: Wed, 22 Mar 2023 18:56:41 +0000

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