Adding Value to Your Marylebone Home With Home Improvements
Increasing a home's value tends to be important to any homeowner, even if they plan on living there for some time to come. After all, it is not only about the resale value. The total value is also important when you need collateral for a loan or a refinancing. From an early age we're taught that homes are the best investment of all. It's vital that owners always view them this way and treat them accordingly!
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.
Below are projects that have withstood time for owners who would like to have a higher value for your there, regardless of their location.
Adding New Rooms
Want a foolproof way to increase home value overnight? Add a bathroom or a new bedroom. There could be two identical houses on the same block but the one that has an extra bedroom and an extra bathroom is going to be worth a whole lot more than the other one. Obviously, larger homes, built for more people, are worth more.
You can simply add extensions to create more rooms. Alternatively you could convert a larger room into 2 smaller rooms if there is no room for an extension. Either process will add value to the home.
Remodel the Kitchen or Bathroom
When potential buyers look at a house, the rooms they give the most consideration to are the kitchen and the bathroom. In many people's minds they want big, open kitchens that are fitted with the latest such as countertops in granite, appliances in stainless steel and brand new cabinets. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.
Bathrooms are also a tricky spot. Incorporating unique design elements such as stand-alone bathtubs, Jacuzzi jets and hidden storage can all make your bathroom more appealing to buyers. Having a beautiful bathroom will make your home a more pleasant place to live in. A brand new bathroom is sure to improve the quality of living in the home right now.
Plumbing and Heating Upgrades
Surely, it is not glamorous since you will not be able to show the changes to your friends. However, updating it will prevent a lot of things such as leaks, and it will increase your home's value. This really needs to be considered for a home that's older and may have to still use old copper pipes. There are some areas where copper pipes aren't up to code, and there are subsidies available for updating older plumbing systems.
Depending on the needs of your home, you might want to make other changes as well. Take a look at your home's needs, and see what kind of upgrades it might benefit from. Nearly all improvements will add some value to your home, but those mentioned here will give you the greatest benefit. Whether you add rooms or renovate existing ones, your home's value is set for a long time.
Best of luck with any renovations!
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