Adding Value to Your Home With Home Improvements
Even those who want to stay in their home for years to come are still interested in adding value to their house. After all, it is not only about the resale value. Home improvement projects will help you to get better options in terms of financing as your collateral will be higher. As we learn from an early age, our homes are our most important investments. Homes should be treated like the investments they are.
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.
Here are some great ideas to add value to a home wherever it is located.
Adding New Rooms
Want a foolproof way to increase home value overnight? make sure to add a bedroom or a bath. There could be another house just like yours on the street, yet when you have an extra room, yours will be worth more. Homes with more rooms accommodate more people, and offer more space, so they are naturally worth more.
The most common way of adding rooms to a home is to add extensions. In fact, if you don’t possess enough space on your property, you can convert one large room into two smaller rooms. In the majority of cases this is still a value-adding renovation.
Upgrade Your Kitchen and Bathrooms
One of the primary things that attracts buyers are renovated kitchens and bathrooms. Today, most people want to see large, open kitchens 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.
Renovated bathrooms are also a major attraction. Most buyers will look for claw-foot tubs, plenty of storage space, jetted tubs and his & her sinks these days. Having a beautiful bathroom increases enjoyment for the present owner as well, of course. 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. Updating the plumbing and heating will definitely increase the resale value of your home. It will also help to prevent future disasters such as leaks. For older homes that are still on natural gas heating systems or using copper piping, this is doubly true. 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. Just about any type of home improvement will increase your property’s value, but the suggestions listed above provide the biggest bang for the buck. 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.