Architects Canary Wharf
Increasing a Property’s Value Through Home Improvements
Many homeowners always consider what they can do to increase the value of their residence, whether they are planning to sell it soon or live there for several more years. Resell value is not the sole purpose of wanting to add value to your home. In matter of fact, it’s about having better collateral, as well as better refinancing options. You know that your home is one of the biggest investments you will make in your lifetime. Homes should be treated like the investments they are.
Putting up cash for home improvement projects is an efficient method for increasing the value of a home. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!
Here are projects that have passed the test of time and that are sure to add to your home’s value no matter where you live.
Add On A Room
This is a great trick to raising your home’s value very fast. Simply add an extra bedroom or even a bath. There may be two homes on your street, and they could be exactly alike, but the one with the extra room/rooms is going to be worth more. Obviously, larger homes, built for more people, are worth more.
A common method for the additional room is building an extension to your home. However, you might not be able to add an extension, so you could convert a large room into two small rooms. Having more rooms after a split like this will still make a home worth more.
Remodel The Kitchen And All Bathrooms
Two important rooms that can have a buyer signing papers or walking away are the kitchen and bathrooms. A lot of potential buyers want open kitchens that feature granite counter-tops, as well as appliances that are stainless steel. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.
Bathrooms can be a great area to work with too. Jetted tubs, double vanities, soaking tubs and storage space are what many buyers will be looking for. You’ll also find that a good bathroom can make you more happy to live in your home. That makes sense, considering a lot of time each day is spent in the bathroom!
Redo the Heating and Plumbing System
You may not think it’s something that you can benefit from because it doesn’t show, but that’s not true. Even so, this will help you prevent problems and add value to your house. This really needs to be considered for a home that’s older and may have to still use old copper pipes. Some locations have actually make copper piping illegal in homes, so the owners can get assistance with a plumbing project.
Ideas that could also help would be redoing your gutters, replacing windows, and getting your lawn into better shape. Nearly all improvements will add some value to your home, but those mentioned here will give you the greatest benefit. 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!