Adding Value Through Home Improvement
Whether you’re planning on moving soon or would like to remain in your home for many years, it’s a good idea to increase its overall value. It’s not all about how much your property will realise though. In matter of fact, it’s about having better collateral, as well as better refinancing options. A home is one of the greatest investments in our lifetime. It is for that reason that you should take good care of it.
While home improvement projects are a great way to increase a property’s value, it’s important to choose the right project. 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
There is one project that will instantly increase the value of any home. Consider the addition of another room. Even if your house is almost exactly the same as another house on your street, it’ll be worth more if it has an additional room or bathroom. Homes with more rooms accommodate more people, and offer more space, so they are naturally worth more.
You can build an additional room as an extension of your existing home. However, if an extension isn’t a possibility, a large room can also be converted into two smaller ones. Even if you can only add a wall, you will still be able to increase your home’s value.
Remodel the Kitchen or Bathroom
One of the first things that potential buyers look at is the kitchen, followed quickly by the bathrooms. Today everyone wants wide open areas with granite countertops as well as new cabinets and even stainless steel appliances. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms also have a lot of potential. Most buyers will look for claw-foot tubs, plenty of storage space, jetted tubs and his & her sinks these days. A renovated bathroom is something you’ll also get a lot of enjoyment out of. People have to spend a lot of their time in the bathroom.
Making Plumbing And Heating Adjustments
Plumbing and heating updates aren’t as exciting as fancy new renovations. Updating the heating and plumbing in your home will definitely increase its resale value. It will also prevent future disasters and leaks. These updates are especially important if you have an older home with gas heating or copper pipes. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
Other upgrades include installing new windows, a roof or landscaping your yard. Any type of home improvement can add that much more to how much your home’s worth. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Great value can be brought by working to make a home more appealing and up-to-date!