Architects New Malden
Adding Value Through Home Improvement
Adding value to your home should be always a profitable move even if you are planing to stay longer in that house. After all, it is not all about the resale value of your home. It is also about having better collateral and obtaining better refinancing options. From an early age, we are always taught that houses are one of our greatest investments of a lifetime. Increasing your home’s value only strengthens that investment.
While home improvement projects are a great way to increase a property’s value, it’s important to choose the right project. 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.
Below are projects that have withstood time for owners who would like to have a higher value for your there, regardless of their location.
Adding New Rooms
Can you quickly add value to your home? 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. This is due to the fact that larger homes can house more people, so they will cost more to purchase.
One way to achieve this is add a room on as an extension to your house. However, you might not be able to add an extension, so you could convert a large room into two small rooms. Either process will add value to the home.
Upgrade Your Kitchen and Bathrooms
For buyers, the two most important rooms in the home are the kitchen and bathroom. Most buyers like large, airy kitchens with modern cabinets and appliances and upscale granite countertops. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms are another area where potential buyers can be swayed one way or the other. A few good ideas include his and her vanities, additional cabinet space, and modern tubs with themed designs. Not only does a new bathroom increase a home’s value, but it tends to improve the living experience in any home as well. People have to spend a lot of their time in the bathroom.
Redo the Heating and Plumbing System
It may not be glamorous and there may not be much to show off to friends, but it’s worth it. However, updating old systems won’t just increase your home’s value. It can help you avoid costly issues like leaks in the future. It is even more important if your home was built decades ago and still uses some outdated materials. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
There are a number of other renovations that can also make a big difference. Replacing your roof, putting in new windows or re-doing your landscaping can help add a lot of value. These ideas will all put you on the right track, though there are other home improvements that can be helpful as well. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.