Add Value To Your House/Flat With These Home Improvement Ideas
Increasing a home’s value tends to be important to any homeowner, even if they plan on living there for some time to come. After all, there is a lot more to simply adding to resell value. Increasing your homes value will also increase the amount of collateral you have, and can help you to get better options for refinancing. A home is a person’s greatest investment in time, money and quality of life. Increasing your home’s value only strengthens that investment.
The most effective way of increasing the value of your home is by investing in home improvement projects. However, you will need to know which projects will improve the appearance and value of the home the most.
Here are some great ideas to add value to a home wherever it is located.
Adding New Rooms
If you’re interested in seeing the value of your home go up instantly, there’s a simple thing you can do. Add a bathroom or bedroom. Even though two houses on your street can have the same value, the three bed and two bath house is going to be worth more than the two bed and one bath house. This is due to the fact that larger homes can house more people, so they will cost more to purchase.
There are two ways of doing this: one is to add the rooms as extensions to the property. Although, not everyone chooses to make extensions. Instead, they may convert larger, unused rooms into multiple, smaller rooms. Even if you can only add a wall, you will still be able to increase your home’s value.
Upgrade Your Kitchen and Bathrooms
For many buyers, kitchens and bathrooms are the thing that makes or breaks a property. Today everyone wants wide open areas with granite countertops as well as new cabinets and even stainless steel appliances. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.
Bathrooms are also an important consideration to homebuyers. Many buyers are looking for plenty of storage space, jetted tubs, his & her sinks and claw-foot tubs these days. Even if you are not planning on selling the home, you will appreciate living with these upgrades. People have to spend a lot of their time in the bathroom.
Making Plumbing And Heating Adjustments
A home’s plumbing is extremely important even though it may never be seen by friends or potential buyers. However, updating old systems won’t just increase your home’s value. It can help you avoid costly issues like leaks in the future. Older houses are usually the best candidates for upgrades; particularly if they use copper pipes. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
Other areas to consider are replacing roofs, replacing windows and gutters and taking the time to landscape the lawn. Just about any home improvement can increase the value of a home, but the most important three we discussed are the ones that offer the biggest bang for your hard earned money. Whether you decide to add more rooms, renovate your kitchen and bathrooms, or update your heating and plumbing, you’ll see a big increase from your decision.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.