Home Renovations That Will Increase a Property’s Value
It’s important to find ways to increase the value of your home even if you have no plans to move. It’s not only about the resale value. Increased financing options are available for those who have property that is upgraded and in prime condition. When we’re young, we’re often told that our home will be the most important investment we ever make. Increasing your home’s value only strengthens that investment.
One of the best ways of increasing the value of the home is of course by carrying out home improvement. But not any project is right for every home, since not every project will substantially increase the value of every home.
Here are projects that have passed the test of time and that are sure to add to your home’s value no matter where you live.
Add On A Room
Can you quickly add value to your home? If so, build another bedroom or even a bathroom. Two homes on the same road can look the exact same from outside, but the one with three bedrooms and two bathrooms will have more value than the home with only two bedrooms and two baths. This is due to the fact that larger homes can house more people, so they will cost more to purchase.
You can create an additional room or two by building an extension directly onto your home. If there is insufficient room at your property however, you could think about splitting one larger room to make two smaller rooms. Even if you can only add a wall, you will still be able to increase your home’s value.
Remodel The Kitchen And All Bathrooms
Those interested in buying a home often pay most attention to the kitchen and bathrooms before buying a home. Buyers love open kitchens with appealing upgrades, such as newer cabinets, appliances, and countertops. If you want to upgrade your kitchen, it is going to cost you a good amount of money, but it will look so much better, especially if you are selling the home.
Renovated bathrooms are also a major attraction. Potential buyers love jetted clubs, his and her sinks, and a lot of storage space. It’s also true that a modern bathroom with all the conveniences will increase your enjoyment as well. When it comes down to it, the bathroom is the one place inside your home where you can enjoy the quiet and just relax.
Plumbing and Heating Upgrades
When most people think of upgrades, they think of flashy renovations that can be shown off to visitors. However, updating the heating and plumbing will help to prevent leaks and other future disasters in addition to increasing your home’s value. This is even more true when it comes to older homes that have copper pipes, or homes that rely on gas heating. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
Other smaller updates that you can do include landscaping your yard and replacing your gutters, windows and roof. Most home improvement projects will increase your home’s value; however, the three above suggestions will provide the greatest value for your 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.
The sooner you get started, the sooner you can start enjoying the upgrades to your home.