Architects Raynes Park
Home Renovations That Will Increase a Property’s Value
It’s important to find ways to increase the value of your home even if you have no plans to move. After all, it is not only about the resale value. Having an increased investment value and wider options for refinancing in the future are also what it’s about. Early on, we’re told that our home will be one of the most important investments we ever make. It is for that reason that you should take good care of it.
The best way to increase a home’s value is through renovations. 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.
If you want to see an instant increase in your home’s value, adding a bedroom or a bathroom is the way to do it. make sure to add a bedroom or a bath. If two homes are comparable, the addition of a bathroom or bedroom will make one far more appealing than the other. 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. Even if you are not planning on selling the home, you will appreciate living with these upgrades. A brand new bathroom is sure to improve the quality of living in the home right now.
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. If your home is older, you definitely want to make certain that your pipes have been upgraded. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
There are a number of other renovations that can also make a big difference. Replacing your roof, putting in new windows or re-doing your landscaping can help add a lot of value. Nearly any type of home improvement tip that you try will help you increase your home’s value a bit, but those are just a few simple and valuable suggestions. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
The sooner you get started, the sooner you can start enjoying the upgrades to your home.