Architects Hampton Wick
Great Home Improvement Ideas to Help Add Value to Your Abode
Even if you intend on staying in your home for some time, it’s likely that you’re interested in increasing the value of your home. There are reasons to boost a property’s value that have nothing to do with the price it will sell for. Boosting a home’s value increases financing options, and gives you more collateral. Early on, we’re told that our home will be one of the most important investments we ever make. Homes should be treated like the investments they are.
Putting money into renovations that boost the overall value of your home is a smart move. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!
The suggestions below have been shown to be very effective in all kinds of different locations.
Adding New Rooms
Putting in another bathroom or bedroom will allow a home’s value to rise overnight. Add a bathroom or a new bedroom. Picture two otherwise identical houses, but one is a 2 bedroom, 1 bathroom home and the other has 3 bedrooms and 2 bathrooms. Which one is worth more? Obviously, larger homes, built for more people, are worth more.
Adding the rooms as extensions to your home is one way of doing this. Alternatively you could convert a larger room into 2 smaller rooms if there is no room for an extension. In the majority of cases this is still a value-adding renovation.
Remodel The Kitchen And All Bathrooms
For most potential buyers, the bathrooms and kitchen can make or break the deal. The best way to draw in buyers is by incorporating modern elements such as an open floor plan, stone counter tops and high-end appliances in your kitchen design. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.
Bathrooms are also a tricky spot. Buyers want to walk in and see new bathtubs with gorgeous tile and lots of storage. Even if you are not planning on selling the home, you will appreciate living with these upgrades. It’s a room we have to spend a lot of time in, so we might as well enjoy it.
Plumbing and Heating Upgrades
Unlike bathroom and kitchen renovations, heating and plumbing aren’t something you can show off in a pretty photo. However, apart from increasing the value of your property, updating your heating and plumbing will help to prevent leaks and other disasters. This is very important if your home is older and has copper piping and/or a gas heater. There are some areas where copper pipes aren’t up to code, and there are subsidies available for updating older plumbing systems.
Other important home improvement ideas include replacing the windows, the roof, gutters and landscaping the lawn. Having said all that, there are a number of other things you could do to improve your home’s value, but the 3 main suggestions talked about above will give you the biggest increases. Whether you decide to add more rooms, renovate your kitchen and bathrooms, or update your heating and plumbing, you’ll see a big increase from your decision.
Improve your home, and improve your home’s value.