Adding Value to Your Dwelling 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. It’s not only about the resale value. Homes with higher value have more refinancing options and they make better collateral. Most would agree that their home is one of the best investments they have ever made. Increasing your home’s value only strengthens that investment.
You can put money into home improvements to make your home more valuable. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!
Here are some great ideas to add value to a home wherever it is located.
Building More Rooms
This is a great trick to raising your home’s value very fast. Try adding an extra bedroom or a bathroom. There could be two identical houses on the same block but the one that has an extra bedroom and an extra bathroom is going to be worth a whole lot more than the other one. Obviously, larger homes, built for more people, are worth more.
You can build an additional room as an extension of your existing home. However, if this isn’t an option, there are other ways to get more rooms. For example, a big room can be converted into two small ones. Having more rooms after a split like this will still make a home worth more.
Remodel the Kitchen or Bathroom
Those interested in buying a home often pay most attention to the kitchen and bathrooms before buying a home. Open kitchen plans that have update cabinetry and appliances have far more appeal on the market. Of course, a kitchen makeover is an expensive project, but it makes a home much more valuable and appealing to buyers.
The bathroom is also an important room. There are a number of features that buyers look for in bathrooms, such as large tubs, storage space, and multiple sinks. Bear in mind that a renovated bathroom now will improve your pleasure for a while to come. When it comes down to it, the bathroom is the one place inside your home where you can enjoy the quiet and just relax.
Redo the Heating and Plumbing System
It isn’t glamorous or a change you can show off to your family and friends. However, these types of updates will add value to your home, prevent future issues and even increase the efficiency tremendously. The older a home is, the more important it is to update the HVAC and plumbing systems. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
Other home improvement ideas including replacing windows, gutters, roofing and giving your lawn a makeover. Updating your home is almost always going to increase its value, but the home improvement suggestions above will pay off in a big way. 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.