Adding Value Through Home Improvement
Dreaming of ways to increase how much your property is worth, despite knowing you’re probably going to stay there for another 10 to 20 years? Improvements aren’t just about selling the home, however. Value-adding improvements can make refinancing more affordable, or make your home into better collateral for a second mortgage or line or credit. We are taught from the time we are young that the great investment we have are our homes. It is for that reason that you should take good care of it.
The value of your house can significantly rise simply by investing in home improvement projects. However, not every home improvement project works to increase the value of a home, so it is important to consider which projects are right for your home before undertaking them.
These creative ideas are some of the options you will have when you want to drastically increase the value.
Building More Rooms
Do you want to know one of the best ways to see an instant increase in value on your home? Try adding an extra bedroom or a bathroom. Incontrovertibly, the value of two identical houses would have a sharp difference simply because one house has 3 bedrooms and the other has 2 bedrooms. Homes with more rooms accommodate more people, and offer more space, so they are naturally worth more.
One way to achieve this is add a room on as an extension to your house. However, you can be faced by lack of space. This can nonetheless be averted by simply splitting large rooms into two small ones. Even if you can only add a wall, you will still be able to increase your home’s value.
Modernizing Your Kitchen And Bathrooms
Kitchens and bathrooms lean a great deal to potential buyers. Today, most people want to see large, open kitchens with new cabinets, stainless steel appliances and granite countertops. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.
Bathrooms are another place where buyers want to see updates. Most buyers will look for claw-foot tubs, plenty of storage space, jetted tubs and his & her sinks these days. Not only does a new bathroom increase a home’s value, but it tends to improve the living experience in any home as well. People have to spend a lot of their time in the bathroom.
Plumbing and Heating Upgrades
This is not one of those exciting upgrades you can show off to others. 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. The older a home is, the more important it is to update the HVAC and plumbing systems. 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. Even though all home improvement ideas will help to increase the resale value of a home, the three suggestions above will give the biggest return on your money. 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.
Great value can be brought by working to make a home more appealing and up-to-date!