Home Improvement Tricks That Will Boost the Value of Your Property
Even if you have no plans to leave your home in the near future, it’s likely that you’re interested in adding value to it. Adding value to you house is not only geared towards resell value. Improving your home will give you better options for refinancing, and will improve your collateral. You know that your home is one of the biggest investments you will make in your lifetime. Start treating your home like it is your greatest investment by making improvements to it.
You can increase the value of your home through putting money into projects that improve the looks and functionality of it. But not any project is right for every home, since not every project will substantially increase the value of every home.
Here are some great ideas to add value to a home wherever it is located.
Adding New Rooms
Are you interested in quickly increasing property value? Add a bathroom or a new bedroom. 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. This is due to the fact that larger homes can house more people, so they will cost more to purchase.
Extensions of existing rooms is a way that your home can easily be expanded. Be aware of the fact that if you’re not able to find room on your property, it’s possible to change one room into two by converting it. Even if you can only add a wall, you will still be able to increase your home’s value.
Kitchen and Bathroom Remodel
One of the first things that potential buyers look at is the kitchen, followed quickly by the bathrooms. Most people now wish to have a kitchen that’s wide open with great looking counter tops, well built cabinets, and brand new appliances. 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 are also an important consideration to homebuyers. New tubs, adding a sink, and placing additional storage into a bathroom can attract a lot more interest from buyers. If you have a well designed and fitted bathroom it also provides a comfortable, relaxing haven where you can chill and be happy. That makes sense, considering a lot of time each day is spent in the bathroom!
Update the Heating and Plumbing
Plumbing and heating isn’t exactly something you can show off to people. Overhauling plumbing and heating equipment is a great way to increase the value of a property and also reduce the likelihood of leaks and other disasters occurring in the future. This can be truly helpful for older homes that are still relying on copper pipes and gas heating. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
Replace your roof, keep your lawn neatly trimmed, considering replacing windows and your gutters, as these are all great ideas that can help increase your home’s value. Although any type of home improvement can help to increase your properties value, these suggestions will bring the biggest rewards. Whether you add rooms or renovate existing ones, your home’s value is set for a long time.
Great value can be brought by working to make a home more appealing and up-to-date!