Adding Value to Your Home With Home Improvements
Whether you are selling your home or planning to move out, you may want to figure out exactly how you can make improvements that would increase the value of your home. Adding value to you house is not only geared towards resell value. The total value is also important when you need collateral for a loan or a refinancing. A home is one of the greatest investments in our lifetime. Start treating your home like it is your greatest investment by making improvements to it.
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.
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
Putting in another bathroom or bedroom will allow a home's value to rise overnight. You can put in another bedroom or bathroom. Although two houses on the same street may be identical, the one with the 3 bedrooms and 2 bathrooms will naturally be worth more than the house with just 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.
You can simply add extensions to create more rooms. 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. Another option would be to turn a larger room into two small rooms.
Upgrade Your Kitchen and Bathrooms
For many buyers, the bathrooms and kitchens are the most important part of a property. Most people want to have spacious kitchens that feature updated cabinets, modern countertops, and some of the best looking appliances. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms are also something buyers give a lot of consideration to. These days, it's important for buyers to see plenty of storage space, his and her matching sinks, claw-foot tubs and even jetted tubs. Even better, however, is the fact that you also get to enjoy the upgrades to your bathroom until your resell your home. That makes sense, considering a lot of time each day is spent in the bathroom!
Update the Heating and Plumbing
Putting money plumbing and heating isn't as exciting as putting money into a flashy new kitchen. However, these types of updates will add value to your home, prevent future issues and even increase the efficiency tremendously. This is very important if your home is older and has copper piping and/or a gas heater. There are some areas where copper pipes aren't up to code, and there are subsidies available for updating older plumbing systems.
There are other, less elaborate projects to take on, such as roof repairs, replacing windows, cleaning and replacing gutters, and taking extra care of the lawn. Most home improvement projects will increase your home's value; however, the three above suggestions will provide the greatest value for your money. 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.