Increasing Property Value Through Home Improvements
Even those who want to stay in their home for years to come are still interested in adding value to their house. Adding value to your home has more to do than just increasing your home’s resale value. Value-adding improvements can make refinancing more affordable, or make your home into better collateral for a second mortgage or line or credit. From an early age we’re taught that homes are the best investment of all. Start treating your home like it is your greatest investment by making improvements to it.
The best way to improve the value of a home is through home improvement and renovation projects. 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 a foolproof way to increase home value overnight? Add in another bedroom or another bathroom. Whilst there may be identical houses in your street, the one that has 3 bedrooms and 2 bathrooms is certainly going to cost more than the house with just 2 bedrooms and 1 bathroom. With additional rooms, larger families can move in and still have enough space for everyone, which is simply convenient.
One way to add more rooms is by putting on an extension. You can add the room onto the existing dwelling, or you can divide a large room into two separate ones. Another option would be to turn a larger room into two small rooms.
Kitchen and Bathroom Remodel
The quality of the kitchen or bathroom can be a deal-breaker for a potential homebuyer. Most buyers want to move to a turn-key property with beautiful, gleaming kitchens with granite counters and gourmet appliances. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.
Bathrooms, on the other hand, can be a bit more difficult in terms of renovations. People love things like his and her sinks and big, relaxing tubs. Bathroom storage is a priority. The reality is that a nice bathroom can make you feel better as well. When it comes down to it, the bathroom is the one place inside your home where you can enjoy the quiet and just relax.
Upgrade Plumbing And Heating Systems
Improvements to your plumbing or heating systems will never be a glamorous task to show off to friends. Even so, this will help you prevent problems and add value to your house. This is particularly true when it comes to older properties, many of which are reliant on copper pipes and gas heat. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
Other improvement ideas include having a new roof put in, replacing windows, fixing gutters and working on your landscaping. Although any type of home improvement can help to increase your properties value, these suggestions will bring the biggest rewards. 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.