Adding Value To Your House or Apartment With Great Home Improvement Ideas
Even when you have plans to stay in your home for several more years, there are actually great ways that you can add a good bit of value for when you are ready to sell. Adding value to your home has more to do than just increasing your home’s resale value. It gives you options for refinancing and more collateral when you want a loan. From an early age, we are always taught that houses are one of our greatest investments of a lifetime. Homes should be treated like the investments they are.
One of the best ways to improve upon the value of your home is investing in the right home improvement projects. But not any project is right for every home, since not every project will substantially increase the value of every home.
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
Do you want to witness the value of your property increase overnight? Then, add a bedroom or a bathroom. If there are two almost identical houses in the same street but one has 3 bedrooms and 2 bathrooms it will be worth considerably more than a similar option with 2 bedrooms and 1 bathroom. Obviously, larger homes, built for more people, are worth more.
Adding rooms is one of the best ways in which to achieve this. If you don’t have enough space on your property, you can always convert one large room into two small rooms. In the majority of cases this is still a value-adding renovation.
Modernizing Your Kitchen And Bathrooms
Kitchens and bathrooms are two important aspects which can make the difference between securing a sale and not. The majority of people these days are looking for open plan kitchen spaces with granite counter tops, stainless steel appliances and new cabinets. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.
Another vital area of the home is the bathroom. Modern buyers are on the look out for claw-foot tubs, jetted hot tubs, dual sinks and lots of storage space. Having a beautiful bathroom increases enjoyment for the present owner as well, of course. A brand new bathroom is sure to improve the quality of living in the home right now.
Update the Heating and Plumbing
Upgrading your home’s plumbing and heating doesn’t have a dramatic visual impact like other types of renovations. Updating the heating and plumbing in your home will definitely increase its resale value. It will also prevent future disasters and leaks. This can be truly helpful for older homes that are still relying on copper pipes and gas heating. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
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 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 add rooms or renovate existing ones, your home’s value is set for a long time.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.