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Home Renovations That Will Increase a Property’s Value

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. In matter of fact, it’s about having better collateral, as well as better refinancing options. One of the first things we learn as we enter adulthood is that buying a home is an excellent investment. Homes should be treated like the investments they are.

Spending some time and money on improving the appearance of the home will allow you to increase its value. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!

These creative ideas are some of the options you will have when you want to drastically increase the value.


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Building More Rooms

If you wish to see your home’s value increase right away, add on a room or two. Add a bathroom or a new bedroom. When two houses are close to identical, the one that has more rooms is always going to have the highest value. This is due to the fact that larger homes can house more people, so they will cost more to purchase.

You can create an additional room or two by building an extension directly onto your home. If there is insufficient room at your property however, you could think about splitting one larger room to make two smaller rooms. Either process will add value to the home.

Upgrade Your Kitchen and Bathrooms

Kitchens and bathrooms that are outdated or in disrepair can spell deal-breaker for many buyers. The most popular kitchens these days are those that are open plan with stainless steel appliances, new cabinets and granite counter tops. A kitchen remodel can be quite expensive, but the appeal it can add to a home on the market is exponential.

Bathrooms can be a great area to work with too. New tubs, adding a sink, and placing additional storage into a bathroom can attract a lot more interest from buyers. You’ll also find that a good bathroom can make you more happy to live in your home. That makes sense, considering a lot of time each day is spent in the bathroom!

Making Plumbing And Heating Adjustments

You can’t show this off to your friends and nor is it glamorous. However, plumbing and heating updates are one of the smartest upgrades you make. It’ll increase your homes value, and spare you disasters such as leaks. For older homes, an update is especially important since most have older parts, like copper pipes, or use gas for heating. There are some areas where copper pipes aren’t up to code, and there are subsidies available for updating older plumbing systems.

There are also smaller projects that still add value; these include getting new windows and doors, replacing the roof or gutters, or having the lawn landscaped. Even though all home improvement ideas will help to increase the resale value of a home, the three suggestions above will give the biggest return on your money. 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.

The sooner you get started, the sooner you can start enjoying the upgrades to your home.
 


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