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Increasing Property Value Through Home Improvements

You may not be interested in moving, but you can still benefit greatly from making some smart renovations to your home. The benefits of home renovation go beyond resale value. Increased financing options are available for those who have property that is upgraded and in prime condition. 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.

The best way to improve the value of a home is through home improvement and renovation projects. 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.

Building Rooms

Can you quickly add value to your home? Add in another bedroom or another bathroom. If two houses in the same area are nearly identical, the one with an additional bedroom or bathroom will be worth more. Obviously, larger homes, built for more people, are worth more.

The most common way of adding rooms is to add an extension onto a home. Although, not everyone chooses to make extensions. Instead, they may convert larger, unused rooms into multiple, smaller rooms. Another option would be to turn a larger room into two small rooms.

Remodel the Kitchen or Bathroom

The two most important rooms in any home are the kitchen and bathroom. Wide and open kitchens have become quite fashionable in recent years. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.

Renovated bathrooms are also a major attraction. Incorporating unique design elements such as stand-alone bathtubs, Jacuzzi jets and hidden storage can all make your bathroom more appealing to buyers. Having a beautiful bathroom will make your home a more pleasant place to live in. That makes sense, considering a lot of time each day is spent in the bathroom!

Plumbing and Heating Upgrades

Making heating and plumbing adjustments is not as fun as renovating a bathroom. 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. This is particularly important when it comes to older home that are relying on copper pipes and gas heating. 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 improvement ideas include having a new roof put in, replacing windows, fixing gutters and working on your landscaping. Nearly any type of home improvement tip that you try will help you increase your home’s value a bit, but those are just a few simple and valuable suggestions. Whether you add rooms or renovate existing ones, your home’s value is set for a long time.

Best of luck with any renovations!