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Home Improvement Tips That Add Value To Your Property
You are probably wondering of different ways you can add value to your home, even if you are planning on staying in it for another 10-20 years. Adding value to your home has more to do than just increasing your home’s resale value. Having an increased investment value and wider options for refinancing in the future are also what it’s about. We’re often told that our homes are the most important investments we’ll ever make. Homes should be treated like the investments they are.
You can put money into home improvements to make your home more valuable. 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 some great ideas to add value to a home wherever it is located.
Building More Rooms
This is a great trick to raising your home’s value very fast. Yes by simply adding say a bathroom or bedroom. Even though two houses on your street can be identical, a house with three bedrooms and two bathrooms will definitely be more worth than a house with two bed rooms and one bathroom. With additional rooms, larger families can move in and still have enough space for everyone, which is simply convenient.
You can always put an addition on your home by simply adding an extension to one of the rooms that you already have. However, there are other options if you don’t have enough space on your property for this. Having more rooms after a split like this will still make a home worth more.
Remodel The Kitchen And All Bathrooms
Potential buyers will often want to buy a home right away or not buy it at all upon looking at the kitchen and bathrooms. The most popular kitchens these days are those that are open plan with stainless steel appliances, new cabinets and granite counter tops. If you want to upgrade your kitchen, it is going to cost you a good amount of money, but it will look so much better, especially if you are selling the home.
Another sticky area is bathrooms. Jetted tubs, double vanities, soaking tubs and storage space are what many buyers will be looking for. The reality is that a nice bathroom can make you feel better as well. That makes sense, considering a lot of time each day is spent in the bathroom!
Redo the Heating and Plumbing System
Improvements to your plumbing or heating systems will never be a glamorous task to show off to friends. However, it’s another home improvement job that will pay off in a big way. It’ll make your home more valuable, but it’ll also help protect you from future problems, such as a leak. This is particularly true for older homes that may still have gas heat and pipes that are made of copper. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
If you are still looking for other improvement ideas, consider garden landscaping or replacing the roof, replacement windows or guttering. Even though all home improvement will increase the value of your home, the three suggestions above will bring the most value on the money spent. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
The sooner you get started, the sooner you can start enjoying the upgrades to your home.