The Home Improvement Projects That Provide the Greatest Bang for your Money
Whether you’re planning on moving soon or would like to remain in your home for many years, it’s a good idea to increase its overall value. It isn’t just about resell value after all. It’s also an important factor in securing better refinancing options and having improved collateral. Our most important investment is our home, and that’s what we’ve always been taught from when we were much younger. Homes should be treated like the investments they are.
Renovations are the fastest and more effective way of improving your home’s value. However, not every home improvement project works to increase the value of a home, so it is important to consider which projects are right for your home before undertaking them.
The suggestions below have been shown to be very effective in all kinds of different locations.
If you want to see an instant increase in your home’s value, adding a bedroom or a bathroom is the way to do it. Yes by simply adding say a bathroom or bedroom. Whilst there may be identical houses in your street, the one that has 3 bedrooms and 2 bathrooms is certainly going to cost more than the house with just 2 bedrooms and 1 bathroom. Obviously, larger homes, built for more people, are worth more.
The most common way of adding rooms to a home is to add extensions. Alternatively you could convert a larger room into 2 smaller rooms if there is no room for an extension. In the majority of cases this is still a value-adding renovation.
Upgrade Your Kitchen and Bathrooms
One of the primary things that attracts buyers are renovated kitchens and bathrooms. In many people’s minds they want big, open kitchens that are fitted with the latest such as countertops in granite, appliances in stainless steel and brand new cabinets. Of course, a kitchen makeover is an expensive project, but it makes a home much more valuable and appealing to buyers.
Bathrooms, on the other hand, can be a bit more difficult in terms of renovations. The best bathrooms today have plenty of storage, his and her sinks and vanities, and jetted tubs. If you have a well designed and fitted bathroom it also provides a comfortable, relaxing haven where you can chill and be happy. People have to spend a lot of their time in the bathroom.
Upgrade Plumbing And Heating Systems
Improvements to your plumbing or heating systems will never be a glamorous task to show off to friends. However, these types of updates will add value to your home, prevent future issues and even increase the efficiency tremendously. For older homes that are still on natural gas heating systems or using copper piping, this is doubly true. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
There are other areas that you can work on such as replacing your windows, working on your roof, fixing your gutters or even touching up the landscaping around your exterior. Basically any home improvement project increases the value of a home, but these ideas specifically give the best bang for your renovation buck. Whether you decide to build additional rooms, make adjustments to the plumbing, renovate your kitchen and any bathrooms on the property, or even make small changes, you will be able to improve the look of your while increasing its value.
Improve your home, and improve your home’s value.