Regardless of how long you plan to stay in your home, it is important to find ways to increase its value. Home improvement benefits you in ways that go beyond resale. Boosting a home’s value increases financing options, and gives you more collateral. We are taught from the time we are young that the great investment we have are our homes. It’s vital that owners always view them this way and treat them accordingly!
One of the best ways to add value to your property is by investing in home improvement projects. Some renovations yield better results than others.
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.
Add More Rooms
Do you want the value of your home to go up overnight? Just one more room can increase a property’s value dramatically. Even if two properties have the same location, square footage, and features, the one with more rooms will almost always be worth more. Homes become more valuable as they gain the ability to comfortably accomodate more people.
Another way that this can be done is to add on an extension to the home. However, not everyone has the space to build an addition. If this isn’t an option, you can try making one big room into two small ones instead. Even if you can only add a wall, you will still be able to increase your home’s value.
Kitchen and Bathroom Remodel
For most potential buyers, the bathrooms and kitchen can make or break the deal. There are all kinds of features everyone wants to see, from beautiful open kitchens to attractive upgrades like stainless steel appliances and granite countertops. New cabinets also make a great impression. 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.
Bathrooms, on the other hand, can be a bit more difficult in terms of renovations. Many buyers are looking for plenty of storage space, jetted tubs, his & her sinks and claw-foot tubs these days. A properly furnished bathroom can also make its owner happier. That makes sense, considering a lot of time each day is spent in the bathroom!
Making Plumbing And Heating Adjustments
Putting money plumbing and heating isn’t as exciting as putting money into a flashy new kitchen. However, it is something that would help you increase the total amount of money your home is worth while protecting it from leaks and water damage. It is even more important if your home was built decades ago and still uses some outdated materials. If you have copper pipes, you may be able to receive assistance from the government to remove those pipes and make the necessary changes.
Replace your roof, keep your lawn neatly trimmed, considering replacing windows and your gutters, as these are all great ideas that can help increase your home’s value. In short, almost any home improvement you make is going to increase the value of your home. However, the ones listed here are sure-fire ways to do it. Whether you add rooms or renovate existing ones, your home’s value is set for a long time.
Best of luck with any renovations!