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Increasing The Value Of Your Property Through Home Improvements
Whether you’re planning on moving soon or would like to remain in your home for many years, it’s a good idea to increase its overall value. After all, adding value to a home isn’t just about being able to sell it. It’s also an important factor in securing better refinancing options and having improved collateral. When we’re young, we’re often told that our home will be the most important investment we ever make. 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. Some renovations yield better results than others.
These creative ideas are some of the options you will have when you want to drastically increase the value.
Add On A Room
Would you like to see an overnight boost in the value of your home? Simply add on a new room, be it a bathroom or extra bedroom. Two homes on the same road can look the exact same from outside, but the one with three bedrooms and two bathrooms will have more value than the home with only two bedrooms and two baths. Obviously, larger homes, built for more people, are worth more.
You can always put an addition on your home by simply adding an extension to one of the rooms that you already have. However, if an extension isn’t a possibility, a large room can also be converted into two smaller ones. Another option would be to turn a larger room into two small rooms.
Remodel the Kitchen or Bathroom
Your bathrooms and kitchen will make people happy or displeased with your home. The most popular kitchens these days are those that are open plan with stainless steel appliances, new cabinets and granite counter tops. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.
Bathrooms are also a tricky spot. Many buyers are looking for plenty of storage space, jetted tubs, his & her sinks and claw-foot tubs these days. Even if you are not planning on selling the home, you will appreciate living with these upgrades. That makes sense, considering a lot of time each day is spent in the bathroom!
Upgrade Plumbing And Heating Systems
Unlike bathroom and kitchen renovations, heating and plumbing aren’t something you can show off in a pretty photo. When you update your plumbing or heating, you can make sure you’re adding value to the home while making it more safe. This really needs to be considered for a home that’s older and may have to still use old copper pipes. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
Other important home improvement ideas include replacing the windows, the roof, gutters and landscaping the lawn. In short, almost any home improvement you make is going to increase the value of your home. However, the ones listed here are sure-fire ways to do it. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Improve your home, and improve your home’s value.