Increase The Value Of Your Home With Creative Home Improvement Tips
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. Making improvements to your home doesn’t just pay off in terms of resale value. It’s also important to focus on securing better choices in case of refinancing, or for possessing higher collateral. From an early age we’re taught that homes are the best investment of all. It’s vital that owners always view them this way and treat them accordingly!
The value of your house can significantly rise simply by investing in home improvement projects. Some renovations yield better results than others.
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.
Building More Rooms
If you want the value of your home to go up overnight, this method works. All you have to do is add a bathroom or bedroom. There could be two identical houses on the same block but the one that has an extra bedroom and an extra bathroom is going to be worth a whole lot more than the other one. 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. Alternatively, if your lot is too small you can also add walls inside your home to split larger rooms into smaller ones. Having more rooms after a split like this will still make a home worth more.
Upgrade Your Kitchen and Bathrooms
For potential buyers, the bathrooms and kitchen can either break or make a deal. Most buyers want to invest in a home with a large, airy kitchen with beautiful counters, spacious cabinets, and the most up-to-date appliances. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.
Bathrooms are another important aspect. Buyers want to walk in and see new bathtubs with gorgeous tile and lots of storage. Re-doing your bathroom will make you happier 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.
Update the Heating and Plumbing
Plumbing and heating isn’t exactly something you can show off to people. But, replacing worn heating and plumbing fixtures can dramatically increase a home’s value and prevent costly disasters such as leaking pipes from happening. This is particularly important when it comes to older home that are relying on copper pipes and gas heating. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
There are also smaller projects that still add value; these include getting new windows and doors, replacing the roof or gutters, or having the lawn landscaped. Having said all that, there are a number of other things you could do to improve your home’s value, but the 3 main suggestions talked about above will give you the biggest increases. Whether an owner decides to make more rooms, update the kitchen or bathroom, or replace pipes and other parts, the home will be in better shape for years to come.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.