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Adding Estate Value Through Home Improvement
Even if you don’t plan to sell your house for another 10 or 20 years, you are bound to still want to find effective ways of adding value to the property. There are reasons to make a home more valuable that go beyond resale price. It also helps increase your chances of refinancing at an affordable rate, while at the same time giving you additional financial security. One of the things we teach children is that a house is one of the most important investments we’ll ever make. Start treating your home like it is your greatest investment by making improvements to it.
You can increase the value of your home through putting money into projects that improve the looks and functionality of it. 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.
Add On A Room
Do you want the value of your home to go up overnight? Add 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. Homes with more rooms accommodate more people, and offer more space, so they are naturally worth more.
Adding rooms is one of the best ways in which to achieve this. In fact, if you don’t possess enough space on your property, you can convert one large room into two smaller rooms. In the majority of cases this is still a value-adding renovation.
Remodel The Kitchen And All Bathrooms
Often for potential buyers it’s the kitchen and or bathroom that will sell the house. The most popular kitchens these days are those that are open plan with stainless steel appliances, new cabinets and granite counter tops. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms, while not as important as the kitchen, still play a pivotal role in a home’s value. People love things like his and her sinks and big, relaxing tubs. Bathroom storage is a priority. Apart from making your home more appealing to potential buyers a beautiful bathroom will increase your own happiness. People have to spend a lot of their time in the bathroom.
Update the Heating and Plumbing
When most people think of upgrades, they think of flashy renovations that can be shown off to visitors. However, these types of updates will add value to your home, prevent future issues and even increase the efficiency tremendously. This is really true for older homes that are still relying on copper pipes and gas heating. Some locations have actually make copper piping illegal in homes, so the owners can get assistance with a plumbing project.
Other ideas for making home improvements include replacements for your windows, gutters and roof and manicuring your lawn. 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. Whether you decide to add more rooms, renovate your kitchen and bathrooms, or update your heating and plumbing, you’ll see a big increase from your decision.
Improve your home, and improve your home’s value.