Make Your Home More Valuable With Easy Home Improvement Tips
Boost Your Home Value With These Home Renovation Projects
Whether you have plans to sell your house in the future or just want to redo the design of your home, there are projects that can boost your property value. Some home improvements might look good right now, but they don’t add much value to your property, and some of them are just a waste of money. In this article, we will provide you with tips on how you can sell your home for much more than you originally expected, all the while adding more functionality and comfort to your home at the same time.
Remodel your kitchen
Many think of their kitchen as the main part of their home, which is why it can be best to work on this first. In fact, a kitchen remodel can return between 60 to 80 percent of your home renovation investment. If you make wise decisions, you could profit immediately by saving money on your energy bills.
Look around your home before beginning the renovation. The style in the rest of the home must be carried into the kitchen or the finished result could be bad. For instance, homeowners that go for a classic remodel in their home would not want to make their kitchen modern and upscale. If you are not confident with making design choices, start by just replacing the built-in appliances. You can hire an interior designer to help you come up with more idea on how to utilize the available space.
An additional bathroom is a smart way to increase your home value. The addition can lead to an 80% – 100% return on the investment.
Initially, you need to determine where you should put the extra bathroom. If you have a room that isn’t being used currently, like a spare bedroom, that might be a good place. For those that are fortunate enough to have a second story, putting a bathroom underneath the staircase is one place you can start. As long as you have 18 square feet of space, you can turn a room into a bathroom. A lot of the time, however, you may find the space to be too small to be worth it.
Redesigning a room with new purpose
One simple way to increase the value of your home is by repurposing a room that is currently being underutilized. A lot of people would think to add a room to their home, while increasing the home’s square footage. However, this often calls for a permit and much red tape and can be very expensive as well with little likelihood of recouping that money when the house sells. Additionally, things tend to go wrong when adding extra space in that manner, thus, costing even more money.
Rather than adding space, redesign a space that already exists in your house. You can improve the value of your home in a more cost efficient manner. An unused basement is like a blank canvas; it can become a bedroom or rec room. Another often forgotten space is the garage which is perfect for an apartment, bringing the added benefit of potential rental income. The possibilities are exciting to consider, and there is no reason why you can’t get creative with the process.
Hold back from physically tearing walls down until you have a firm idea of the end result and how a space might be used. They will be able to offer some insight into the sorts of things that most buyers are interested in.