Architects St Margarets
Adding Value to a Property With Home Renovations
Even if you have plans to stay in your home for another decade or two, it is a great idea to add value to your home. Besides, owning a home isn’t just about its resale value. It is also about having better collateral and obtaining better refinancing options. 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 increase a home’s value is through renovations. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!
Below are projects that have withstood time for owners who would like to have a higher value for your there, regardless of their location.
Add More Rooms
If you want the value of your home to go up overnight, this method works. If so, build another bedroom or even a bathroom. If there are two almost identical houses in the same street but one has 3 bedrooms and 2 bathrooms it will be worth considerably more than a similar option with 2 bedrooms and 1 bathroom. This is due to the fact that larger homes can house more people, so they will cost more to purchase.
One way to go about this would be to add extensions to your home. If there is insufficient room at your property however, you could think about splitting one larger room to make two smaller rooms. Even if you can only add a wall, you will still be able to increase your home’s value.
Remodel The Kitchen And All Bathrooms
Kitchens and baths can make or break the deal for potential home buyers. Potential buyers love wide open kitchens, beautiful granite counter tops, stainless steel appliances, and fancy new cabinets. If you want to upgrade your kitchen, it is going to cost you a good amount of money, but it will look so much better, especially if you are selling the home.
Bathrooms are also worth putting money into. Most people shopping for a home look at how much space is available in the bathroom and for specialized plumbing, such as jet powered showers. You may find that you get a lot of pleasure out of your upgraded bathroom. People have to spend a lot of their time in the bathroom.
Update the Heating and Plumbing
Surely, it is not glamorous since you will not be able to show the changes to your friends. The major systems of your home must be in working order and up to local codes for your safety and comfort. This is particularly true when it comes to older properties, many of which use copper pipes and gas heating. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
Ideas that could also help would be redoing your gutters, replacing windows, and getting your lawn into better shape. Just about any type of home improvement will increase your property’s value, but the suggestions listed above provide the biggest bang for the buck. Whether you decide to build additional rooms, make adjustments to the plumbing, renovate your kitchen and any bathrooms on the property, or even make small changes, you will be able to improve the look of your while increasing its value.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.