5 Home Remodeling Projects to Boost Your Property Value in Baltimore
As one of the oldest and most historic cities in the United States, Baltimore is known for its beautiful architecture and charming neighborhoods. If you’re a homeowner in Baltimore, you may be considering remodeling projects to update and add value to your home. However, not all home remodeling projects are created equal, and some may provide a better return on investment than others. Let’s discuss some of the most valuable home remodeling projects in Baltimore.
It’s important to note that the median list price in Baltimore is $170,000, so comparing the list price of different home features can help you determine which upgrades will help you sell for more.
A home bar can be designed to match your personal style and preferences, whether you want a sleek and modern look or a cozy and rustic feel. Adding a bar to your home in Baltimore can also increase its functionality, providing a designated space for serving drinks and storing beverages, which can be particularly helpful when hosting parties or gatherings. Homebuyers are often attracted to properties that offer unique and functional living spaces, making a bar a highly desirable feature that can add significant value to your home.
Homes for sale in Baltimore that included a bar sold for a median list price of $230,000.
#2: Separate shower and tub
If you’re remodeling your home in Baltimore, a valuable home feature to consider having is a separate shower and tub. This feature allows for a more luxurious and relaxing bathroom experience, and can create a spa-like oasis in your own home. This type of renovation project can increase the value of your home, as many buyers are attracted to properties that offer upgraded and functional features. By investing in a separate shower and tub, you can enjoy a more comfortable and luxurious bathroom experience while also increasing your home’s value, making it an excellent investment for both current and future homeownership.
Homes for sale in Baltimore that included a separate shower and tub sold for a median list price of $375,000.
#3: Open concept living
Creating an open concept living space is another valuable remodeling project for homes in Baltimore. This type of renovation typically involves removing walls or barriers that separate the kitchen, dining, and living areas, creating a more open and airy feel throughout the space. And by modernizing your home’s layout, it can help attract potential buyers in the future. An open concept living space offers a more versatile and functional living space, with the option to entertain guests more seamlessly and enjoy a more connected family life. Although this home improvement project tends to be more expensive, it can be a great investment.
Homes for sale in Baltimore that included an open concept living sold for a median list price of $249,950.
A Jacuzzi can be installed in your backyard or patio area, providing a luxurious and relaxing space to unwind after a long day. This feature can be designed to match your personal style and preferences, whether you prefer a more modern or traditional look. By investing in a Jacuzzi, homeowners can enjoy a more comfortable and enjoyable outdoor living space that adds value to their property.
Homes for sale in Baltimore that included a jacuzzi sold for a median list price of $325,000.
In Baltimore, finishing a basement can be a great way to add livable space and increase the value of your home. A finished basement can be transformed into a home office, entertainment room, or even a separate living space, creating a more functional living area in your home. Additionally, a finished basement can provide a great way to accommodate growing families, create a private space for guests, or even generate rental income by creating a separate living area. For homebuyers living in Baltimore, this is a valuable home feature.
Homes for sale in Baltimore that included a basement sold for a median list price of $194,900.
Per home listing data on Redfin.com, as of March 2023.