Architects Primrose Hill
Home Improvement Tricks That Will Boost the Value of Your Property
Many homeowners always consider what they can do to increase the value of their residence, whether they are planning to sell it soon or live there for several more years. It is not only about the resell value. Adding value to your home means better collateral and more options in refinancing. A house, no matter the size, is a big and important investment. Increasing your home’s value only strengthens that investment.
Home improvement projects cost money, but they essentially help you to make money by increasing the property’s value. But not any project is right for every home, since not every project will substantially increase the value of every home.
Here are some great ideas to add value to a home wherever it is located.
Adding New Rooms
Want your home to become more valuable overnight? Add in another bedroom or another 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.
One of the best ways to add rooms to your house is by adding them as extensions of your home. In fact, if you don’t possess enough space on your property, you can convert one large room into two smaller rooms. Even if you can only add a wall, you will still be able to increase your home’s value.
Modernizing Your Kitchen And Bathrooms
The kitchen and the bathroom are the heart of your home. Modernizing them can woo potential buyers remarkably. Wide and open kitchens have become quite fashionable in recent years. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms, on the other hand, can be a bit more difficult in terms of renovations. Jetted tubs, double vanities, soaking tubs and storage space are what many buyers will be looking for. Any contractor will tell you that the right bathroom renovation will not only add value but it will also add to your own enjoyment. 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
These types of improvements are not able to be seen by others. Overhauling plumbing and heating equipment is a great way to increase the value of a property and also reduce the likelihood of leaks and other disasters occurring in the future. Older houses are usually the best candidates for upgrades; particularly if they use copper pipes. There are some areas where copper pipes aren’t up to code, and there are subsidies available for updating older plumbing systems.
Other home improvement ideas including replacing windows, gutters, roofing and giving your lawn a makeover. In fact, any upgrades that you can make to your home will typically increase its value. However, if you want to get the largest return on investment, the three projects listed above are the best choices. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Improve your home, and improve your home’s value.