Adding Value to Your Property with Home Improvements
Whether you plan to remain in your home for the next several decades or not, you're going to be thinking about ways to improve the value of your home. Increasing the value is about much more than the making a profit. Value-adding improvements can make refinancing more affordable, or make your home into better collateral for a second mortgage or line or credit. As we learn from an early age, our homes are our most important investments. It's vital that owners always view them this way and treat them accordingly!
You can put money into home improvements to make your home more valuable. But not any project is right for every home, since not every project will substantially increase the value of every home.
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.
Building More Rooms
If you're interested increasing your home's value very quickly, there's an easy answer: put in another bathroom or bedroom. Just one more room can increase a property's value dramatically. Even though two houses on your street can be identical, a house with three bedrooms and two bathrooms will definitely be more worth than a house with two bed rooms and one bathroom. With additional rooms, larger families can move in and still have enough space for everyone, which is simply convenient.
Rooms can easily be added to the home as an extension. Alternatively, if your lot is too small you can also add walls inside your home to split larger rooms into 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
Often for potential buyers it's the kitchen and or bathroom that will sell the house. The majority of people these days are looking for open plan kitchen spaces with granite counter tops, stainless steel appliances and new cabinets. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Another potentially tricky area are the bathrooms. Vital inclusions for a bathroom are large tubs with jets, vanities with two sinks, and lots of space for storage. Apart from making your home more appealing to potential buyers a beautiful bathroom will increase your own happiness. People have to spend a lot of their time in the bathroom.
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, updating old systems won't just increase your home's value. It can help you avoid costly issues like leaks in the future. This is even more true when it comes to older homes that have copper pipes, or homes that rely on 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.
There are a number of other tasks that can be done as well. You could get a new roof or windows, or spend time increasing your curb appeal. Almost all home improvement projects add some value to the house, but those above add the most and return the most profit if the home is sold in the future. 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.