Architects Bethnal Green
Home Improvement Tricks That Will Boost the Value of Your Property
Even if you have no plans to leave your home in the near future, it’s likely that you’re interested in adding value to it. After all, adding value to a home isn’t just about being able to sell it. You can also have a better bargaining chip for collateral or refinancing options. Admittedly, houses are one of the greatest options for investment. Homes should be treated like the investments they are.
Putting money into a home improvement project allows you to boost the value of a property very quickly. But not any project is right for every home, since not every project will substantially increase the value of every home.
These creative ideas are some of the options you will have when you want to drastically increase the value.
Building More Rooms
If you’re interested increasing your home’s value very quickly, there’s an easy answer: put in another bathroom or bedroom. make sure to add a bedroom or a bath. If two houses on a street are identical in almost every way, the one with more bedrooms or more bathrooms is going to be worth more. Homes with more rooms accommodate more people, and offer more space, so they are naturally worth more.
One of the best ways to add a room is to build an extension onto your home. In fact, if you don’t possess enough space on your property, you can convert one large room into two smaller rooms. Even if you can only add a wall, you will still be able to increase your home’s value.
Remodel the Kitchen or Bathroom
When buyers look at a house, one of the first things they look at are kitchens and bathrooms. Today, most people want to see large, open kitchens with new cabinets, stainless steel appliances and granite countertops. If you want to upgrade your kitchen, it is going to cost you a good amount of money, but it will look so much better, especially if you are selling the home.
Bathrooms also have a lot of potential. Most buyers will look for claw-foot tubs, plenty of storage space, jetted tubs and his & her sinks these days. Re-doing your bathroom will make you happier as well. A brand new bathroom is sure to improve the quality of living in the home right now.
Update the Heating and Plumbing
Plumbing and heating updates aren’t as exciting as fancy new renovations. Updating the plumbing and heating will definitely increase the resale value of your home. It will also help to prevent future disasters such as leaks. This is particularly true when it comes to older properties, many of which are reliant on copper pipes and gas heat. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
There are also smaller projects that still add value; these include getting new windows and doors, replacing the roof or gutters, or having the lawn landscaped. Basically any home improvement project increases the value of a home, but these ideas specifically give the best bang for your renovation buck. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Best of luck with any renovations!