Adding Value Through Home Improvement to your Paddington House or Apartment
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? After all, it is not all about the resale value of your home. Adding value also gives you alternative refinancing options and more collateral. A house, no matter the size, is a big and important investment. It's vital that owners always view them this way and treat them accordingly!
Spending some time and money on improving the appearance of the home will allow you to increase its value. 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.
These creative ideas are some of the options you will have when you want to drastically increase the value.
Building More Rooms
If you're interested in seeing the value of your home go up instantly, there's a simple thing you can do. Build an extra bedroom or bathroom. Picture two otherwise identical houses, but one is a 2 bedroom, 1 bathroom home and the other has 3 bedrooms and 2 bathrooms. Which one is worth more? Obviously, larger homes, built for more people, are worth more.
Most people add more rooms by building an extension onto their home. You can also break one large room into two smaller ones if you have insufficient space to build more. In the majority of cases this is still a value-adding renovation.
Remodel The Kitchen And All Bathrooms
Kitchens and bathrooms lean a great deal to potential buyers. Most buyers will want to have open kitchens with incredible counter tops, roomy cabinets and top of the line stainless steel appliances. Of course, a kitchen makeover is an expensive project, but it makes a home much more valuable and appealing to buyers.
Bathrooms are another area where potential buyers can be swayed one way or the other. New tubs, adding a sink, and placing additional storage into a bathroom can attract a lot more interest from buyers. Having a beautiful bathroom will make your home a more pleasant place to live in. People have to spend a lot of their time in the bathroom.
Plumbing and Heating Upgrades
This is not a glamorous job and it is not something you can show off to visitors. However, it can not only dramatically boost your home's value, but it can also minimize the chance of leaks, burst pipes and other unforeseen problems. An older home benefits from an upgrade to the plumbing and heating. There are some areas where copper pipes aren't up to code, and there are subsidies available for updating older plumbing systems.
Other ideas for making home improvements include replacements for your windows, gutters and roof and manicuring your lawn. Just about any home improvement can increase the value of a home, but the most important three we discussed are the ones that offer the biggest bang for your hard earned money. 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.
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