Add Value To A Property Through Home Improvements
Dreaming of ways to increase how much your property is worth, despite knowing you’re probably going to stay there for another 10 to 20 years? It is not only about the resell value. A more valuable home provides you with better options for refinancing, and gives you a source of collateral. Our most important investment is our home, and that’s what we’ve always been taught from when we were much younger. 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.
The suggestions below have been shown to be very effective in all kinds of different locations.
Building More Rooms
Are you looking for a way to quickly increase your home’s value? You can put in another bedroom or bathroom. Even though two houses on your street can be identical, a house with three bedrooms and two bathrooms will definitely be more worth than a house with two bed rooms and one bathroom. With additional rooms, larger families can move in and still have enough space for everyone, which is simply convenient.
You can always put an addition on your home by simply adding an extension to one of the rooms that you already have. 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
Kitchens and bathrooms are two important aspects which can make the difference between securing a sale and not. Most people now wish to have a kitchen that’s wide open with great looking counter tops, well built cabinets, and brand new appliances. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.
Bathrooms also have a lot of potential. There are a number of features that buyers look for in bathrooms, such as large tubs, storage space, and multiple sinks. Bear in mind that a renovated bathroom now will improve your pleasure for a while to come. It’s a room we have to spend a lot of time in, so we might as well enjoy it.
Update the Heating and Plumbing
Unlike bathroom and kitchen renovations, heating and plumbing aren’t something you can show off in a pretty photo. However, taking the steps to improve the heating and plumbing systems in the home can drastically improve the house’s value…and can also help eliminate leaks and other issues down the road. For older homes, an update is especially important since most have older parts, like copper pipes, or use gas for heating. Some locations have actually make copper piping illegal in homes, so the owners can get assistance with a plumbing project.
Ideas that could also help would be redoing your gutters, replacing windows, and getting your lawn into better shape. 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. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Best of luck with any renovations!