Adding Value Through Home Improvement
Dreaming of ways to increase how much your property is worth, despite knowing you’re probably going to stay there for another 10 to 20 years? Resell value is not the sole purpose of wanting to add value to your home. Adding value to your home improves the collateral you have and can increase chances of refinancing it with great terms. Our most important investment is our home, and that’s what we’ve always been taught from when we were much younger. It is for that reason that you should take good care of it.
One of the best ways to improve upon the value of your home is investing in the right home improvement projects. 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.
Here are projects that have passed the test of time and that are sure to add to your home’s value no matter where you live.
Add On A Room
Are you hoping to have the value of your home go up immediately? Adding one is a great idea. There could be another house just like yours on the street, yet when you have an extra room, yours will be worth more. Homes become more valuable as they gain the ability to comfortably accomodate more people.
You can always put an addition on your home by simply adding an extension to one of the rooms that you already have. If you don’t have a lot of room within your property lines, you could even think of taking one larger room and making it into 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
For many buyers, the bathrooms and kitchens are the most important part of a property. Most buyers will want to have open kitchens with incredible counter tops, roomy cabinets and top of the line stainless steel appliances. 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. You will always find that a lot of storage space, dual sink set ups, jetted tubs and more are all going to bring attention to the right buyers. Of course, a luxurious bathroom is also a plus for you. A brand new bathroom is sure to improve the quality of living in the home right now.
Making Plumbing And Heating Adjustments
Upgrading your home’s plumbing and heating doesn’t have a dramatic visual impact like other types of renovations. However, let’s not forget it will keep these essentials in good working order as well as improve home value. This is very important if your home is older and has copper piping and/or a gas heater. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
Outdoor improvements such as adding a new roof, upgrading your gutters, replacing your windows or improving your home’s curb appeal can also add to the value of your home. Having said all that, there are a number of other things you could do to improve your home’s value, but the 3 main suggestions talked about above will give you the biggest increases. Whether you decide to add more rooms, renovate your kitchen and bathrooms, or update your heating and plumbing, you’ll see a big increase from your decision.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.