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The Home Improvement Projects That Provide the Greatest Bang for the Buck
You may be harboring thoughts of adding value to your present home, even you don’t plan to sell it soon. It isn’t just about resell value after all. One major reason is to increase the value of your collateral so you can get better rates on loans you may need in the future. When we’re young, we’re often told that our home will be the most important investment we ever make. 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. But not any project is right for every home, since not every project will substantially increase the value of every home.
Here are some great ideas to add value to a home wherever it is located.
Building More Rooms
Would you like to watch the value of your home increase in just one day? Put on another bedroom or bathroom. A three-bedroom, two-bathroom home will always hold more value than a home with only two bedrooms and one bathroom. With additional rooms, larger families can move in and still have enough space for everyone, which is simply convenient.
One of the best ways to add rooms to your house is by adding them as extensions of your home. 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.
Upgrade Your Kitchen and Bathrooms
When potential buyers look at a house, the rooms they give the most consideration to are the kitchen and the bathroom. Buyers love open kitchens with appealing upgrades, such as newer cabinets, appliances, and countertops. Of course, a kitchen makeover is an expensive project, but it makes a home much more valuable and appealing to buyers.
Bathrooms are another place where buyers want to see updates. Most people shopping for a home look at how much space is available in the bathroom and for specialized plumbing, such as jet powered showers. A beautiful bathroom is something you’ll also get a lot of enjoyment out of. A brand new bathroom is sure to improve the quality of living in the home right now.
Redo the Heating and Plumbing System
It may not be glamorous and there may not be much to show off to friends, but it’s worth it. Even so, this will help you prevent problems and add value to your house. The older a home is, the more important it is to update the HVAC and plumbing systems. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
There are a number of other changes you can make, both major and minor. You can replace your windows or your roof. You can work on your landscaping, or put in new gutters. In fact, any upgrades that you can make to your home will typically increase its value. However, if you want to get the largest return on investment, the three projects listed above are the best choices. 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.
Best wishes on your home improvement projects, and hopefully they will allow you to make your home even more valuable.