Tips For Successfuly Adding Value To Your Home
Whether you plan to remain in your home for the next several decades or not, you’re going to be thinking about ways to improve the value of your home. It’s not only about the resale value. It also helps increase your chances of refinancing at an affordable rate, while at the same time giving you additional financial security. Early on, we’re told that our home will be one of the most important investments we ever make. It’s vital that owners always view them this way and treat them accordingly!
The most effective way of increasing the value of your home is by investing in home improvement 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.
Add On A Room
Do you want the value of your home to go up overnight? If so, build another bedroom or even a 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. Obviously, larger homes, built for more people, are worth more.
One way to achieve this feat is to add the rooms as extensions to your existing home. If there is not a safe way for you to add an extension, you can build a wall inside of one of your largest rooms to create two separate rooms. Having more rooms after a split like this will still make a home worth more.
Remodel The Kitchen And All Bathrooms
The kitchen and bathrooms in a house can make or break a sales deal. Today, many people want a large open kitchen with new cabinets, stainless steel appliances and granite countertops. Of course, a kitchen makeover is an expensive project, but it makes a home much more valuable and appealing to buyers.
Bathrooms are another important aspect. Many buyers are looking for plenty of storage space, jetted tubs, his & her sinks and claw-foot tubs these days. You may feel happier inside of a renovated bathroom too. That makes sense, considering a lot of time each day is spent in the bathroom!
Upgrade Plumbing And Heating Systems
This is not a glamorous job and it is not something you can show off to visitors. However, apart from increasing the value of your property, updating your heating and plumbing will help to prevent leaks and other disasters. This is really true for older homes that are still relying on copper pipes and gas heating. Some locations have actually make copper piping illegal in homes, so the owners can get assistance with a plumbing project.
A few more ideas to add value to your home include replacing the gutters, windows or roof, and landscaping your lawn. Even though all home improvement ideas will help to increase the resale value of a home, the three suggestions above will give the biggest return on your money. Whether an owner decides to make more rooms, update the kitchen or bathroom, or replace pipes and other parts, the home will be in better shape for years to come.
Improve your home, and improve your home’s value.