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Adding Value To Your Estate With Great Home Improvement Ideas
Even when you have plans to stay in your home for several more years, there are actually great ways that you can add a good bit of value for when you are ready to sell. Improvements are not simply about raising profits when the property is sold. Increasing your homes value will also increase the amount of collateral you have, and can help you to get better options for refinancing. From an early age, we are always taught that houses are one of our greatest investments of a lifetime. It’s vital that owners always view them this way and treat them accordingly!
While home improvement projects are a great way to increase a property’s value, it’s important to choose the right project. However, it’s not feasible to just do anything to a residence and then assume the automatically go through the roof!
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
Are you interested in quickly increasing property value? Put on another bedroom or bathroom. There may be two homes on your street, and they could be exactly alike, but the one with the extra room/rooms is going to be worth more. This is due to the fact that larger homes can house more people, so they will cost more to purchase.
The most common way of adding rooms to a home is to add extensions. If there isn’t enough room on the property for an extension, converting a larger room into two smaller rooms is also an option. Having more rooms after a split like this will still make a home worth more.
Kitchen and Bathroom Remodel
Kitchens and bathrooms are two important aspects which can make the difference between securing a sale and not. Most buyers like large, airy kitchens with modern cabinets and appliances and upscale granite countertops. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Another potentially tricky area are the bathrooms. Incorporating unique design elements such as stand-alone bathtubs, Jacuzzi jets and hidden storage can all make your bathroom more appealing to buyers. A renovated bathroom is something you’ll also get a lot of enjoyment out of. That makes sense, considering a lot of time each day is spent in the bathroom!
Upgrade Plumbing And Heating Systems
Upgrading your home’s plumbing and heating doesn’t have a dramatic visual impact like other types of renovations. 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. For older homes, an update is especially important since most have older parts, like copper pipes, or use gas for 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.
Replacing or renovating your roofs, windows and gutters are also some bight ideas of increasing the value of your house. The above suggestions are sure to add a great increase to your home’s value. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Great value can be brought by working to make a home more appealing and up-to-date!