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Home Improvement Tricks That Will Boost the Value of Your Property
You most likely want to add value to the home in which you live, whether you plan on living there for another ten years or another five years. Resell value is not the sole purpose of wanting to add value to your home. Adding value to your home means better collateral and more options in refinancing. You know that your home is one of the biggest investments you will make in your lifetime. Homes should be treated like the investments they are.
Putting money into renovations that boost the overall value of your home is a smart move. But not any project is right for every home, since not every project will substantially increase the value of every home.
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.
Adding New Rooms
Are you hoping to have the value of your home go up immediately? If so, try building an additional bedroom or bathroom. Even if your house is almost exactly the same as another house on your street, it’ll be worth more if it has an additional room or bathroom. Obviously, larger homes, built for more people, are worth more.
You can create an additional room or two by building an extension directly onto your home. However, if there is not enough room to extend the house, you could alternatively convert a large room into two smaller rooms. Having more rooms after a split like this will still make a home worth more.
Remodel the Kitchen or Bathroom
Kitchens and baths can make or break the deal for potential home buyers. The most popular kitchens these days are those that are open plan with stainless steel appliances, new cabinets and granite counter tops. These kitchen updates can be costly, but they’re more than worth it if you want to catch the eye of buyers.
The bathroom is also an important room. Incorporating unique design elements such as stand-alone bathtubs, Jacuzzi jets and hidden storage can all make your bathroom more appealing to buyers. A well modernized bathroom will unquestionably increase your happiness as well. A brand new bathroom is sure to improve the quality of living in the home right now.
Upgrade Plumbing And Heating Systems
Putting money plumbing and heating isn’t as exciting as putting money into a flashy new kitchen. However, taking the steps to improve the heating and plumbing systems in the home can drastically improve the house’s value…and can also help eliminate leaks and other issues down the road. It is especially true for older houses that might still have copper pipes or gas heating. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
Other areas to consider are replacing roofs, replacing windows and gutters and taking the time to landscape the lawn. 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. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Best of luck with any renovations!