Architects Camden Town
Add Value To A Property Through Home Improvements
Increasing a home’s value tends to be important to any homeowner, even if they plan on living there for some time to come. There are reasons to improve a home that go beyond resale value. Boosting a home’s value increases financing options, and gives you more collateral. You know that your home is one of the biggest investments you will make in your lifetime. It is for that reason that you should take good care of it.
The value of a property can be increased exponentially with a few home improvement projects. However, you will need to know which projects will improve the appearance and value of the home the most.
These creative ideas are some of the options you will have when you want to drastically increase the value.
Building More Rooms
Want your home to become more valuable overnight? Try adding an extra bedroom or a bathroom. 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 an extension to your home is a great way to go about adding a room. However, if there isn’t room for an extension, another way to add more rooms is by making two smaller rooms out of one large room. Having more rooms after a split like this will still make a home worth more.
Kitchen and Bathroom Remodel
Bathrooms and kitchens are heavily scrutinized by potential buyers. The preferred kitchen layout today is an open plan style featuring granite countertops and new stainless steel appliances. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms, while not as important as the kitchen, still play a pivotal role in a home’s value. Buyers look for all kinds of features, such as storage space, updated fixtures, and large tubs. You do not have to wait to list your home to take advantage of a redone bathroom. People have to spend a lot of their time in the bathroom.
Redo the Heating and Plumbing System
It isn’t glamorous or a change you can show off to your family and friends. However, taking the steps to improve the heating and plumbing systems in the home can drastically improve the house’s value…and can also help eliminate leaks and other issues down the road. This is particularly true for older homes that may still have gas heat and pipes that are made of copper. There are some areas where copper pipes aren’t up to code, and there are subsidies available for updating older plumbing systems.
Outdoor improvements such as adding a new roof, upgrading your gutters, replacing your windows or improving your home’s curb appeal can also add to the value of your home. Even though all home improvement will increase the value of your home, the three suggestions above will bring the most value on the money spent. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.