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Adding Value to Your Estate with Home Improvements
Even if you do not plan to move out of your home any time soon, you are likely thinking about ways you can increase its value. Besides, owning a home isn’t just about its resale value. Homes with higher value have more refinancing options and they make better collateral. From an early age, we are always taught that houses are one of our greatest investments of a lifetime. Start treating your home like it is your greatest investment by making improvements to it.
You can increase the value of your home through putting money into projects that improve the looks and functionality of it. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!
Here are some great ideas to add value to a home wherever it is located.
Do you want to see your home value go up right away? Simply add an extra bedroom or even a bath. There could be two identical homes on the street where you live, but the 2 bed, 1 bath house will be worth a lot less than the 3 bed, 2 bath one. Homes with more rooms accommodate more people, and offer more space, so they are naturally worth more.
Adding rooms is one of the best ways in which to achieve this. You can also break one large room into two smaller ones if you have insufficient space to build more. 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
The kitchen and bathrooms in a house can make or break a sales deal. Buyers love open kitchens with attractive updates, including newer cabinetry, granite countertops, and stainless steel appliances. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.
Bathrooms, while not as important as the kitchen, still play a pivotal role in a home’s value. Buyers pay attention to what bathrooms have to offer and are often interested in tubs with jets, sinks for couples, and closets with plenty of space. Having a beautiful bathroom will make your home a more pleasant place to live in. When it comes down to it, the bathroom is the one place inside your home where you can enjoy the quiet and just relax.
Redo the Heating and Plumbing System
Upgrading your home’s plumbing and heating doesn’t have a dramatic visual impact like other types of renovations. However, that doesn’t make them any less valuable. Putting in new plumbing or heating will increase your property’s value significantly, and it’ll help you to avoid major problems in the future.
This is particularly important when it comes to older home that are relying on copper pipes and 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 other areas that you can work on such as replacing your windows, working on your roof, fixing your gutters or even touching up the landscaping around your exterior. 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 add rooms or renovate existing ones, your home’s value is set for a long time.
Great value can be brought by working to make a home more appealing and up-to-date!