Home Improvement Projects That Provide Great Return On Investment
Regardless of how long you plan to stay in your home, it is important to find ways to increase its value. There are plenty of reasons to do this beyond just increasing the value for resell. It also involves having better collateral and having access to the best refinancing options. A home is a person’s greatest investment in time, money and quality of life. Increasing your home’s value only strengthens that investment.
Putting money into renovations that boost the overall value of your home is a smart move. 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.
Building More Rooms
Are you looking for a way to quickly increase your home’s value? Build an extra bedroom or bathroom. There could be two identical homes on the street where you live, but the 2 bed, 1 bath house will be worth a lot less than the 3 bed, 2 bath one. Obviously, larger homes, built for more people, are worth more.
You can simply add extensions to create more rooms. However, if an extension isn’t a possibility, a large room can also be converted into two smaller ones. Even if you can only add a wall, you will still be able to increase your home’s value.
Upgrade Your Kitchen and Bathrooms
Bathrooms and kitchens are heavily scrutinized by potential buyers. Potential buyers love wide open kitchens, beautiful granite counter tops, stainless steel appliances, and fancy new cabinets. If you want to upgrade your kitchen, it is going to cost you a good amount of money, but it will look so much better, especially if you are selling the home.
Bathrooms areas are another opportunity for increasing a home’s value. People love things like his and her sinks and big, relaxing tubs. Bathroom storage is a priority. A well modernized bathroom will unquestionably increase your happiness as well. When it comes down to it, the bathroom is the one place inside your home where you can enjoy the quiet and just relax.
Plumbing and Heating Upgrades
This upgrade is not a glamorous one, and it’s not anything to brag about. However, updating these things won’t just increase a property’s value; it’ll keep it safe from future disasters. Renovating plumbing and heating can particularly be very beneficial to old houses that might have worn out 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 ideas for making home improvements include replacements for your windows, gutters and roof and manicuring your lawn. Basically any home improvement project increases the value of a home, but these ideas specifically give the best bang for your renovation buck. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
The sooner you get started, the sooner you can start enjoying the upgrades to your home.