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Add Value To A Property Through Home Improvements
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. After all, it is not only about the resale value. Adding value to your home means better collateral and more options in refinancing. When we’re young, we’re often told that our home will be the most important investment we ever make. Increasing your home’s value only strengthens that investment.
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!
These creative ideas are some of the options you will have when you want to drastically increase the value.
Add On A Room
Would you like to see an overnight boost in the value of your home? If so, build another bedroom or even a bathroom. A three-bedroom, two-bathroom home will always hold more value than a home with only two bedrooms and one bathroom. With additional rooms, larger families can move in and still have enough space for everyone, which is simply convenient.
One of the best ways to add a room is to build an extension onto your home. However, you can be faced by lack of space. This can nonetheless be averted by simply splitting large rooms into two small ones. Having more rooms after a split like this will still make a home worth more.
Remodel The Kitchen And All Bathrooms
For many buyers, kitchens and bathrooms are the thing that makes or breaks a property. Open kitchen plans that have update cabinetry and appliances have far more appeal on the market. 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.
Another tricky room is the bathroom. Incorporating unique design elements such as stand-alone bathtubs, Jacuzzi jets and hidden storage can all make your bathroom more appealing to buyers. It’s also true that a modern bathroom with all the conveniences will increase your enjoyment as well. A brand new bathroom is sure to improve the quality of living in the home right now.
Update the Heating and Plumbing
When most people think of upgrades, they think of flashy renovations that can be shown off to visitors. However, updating the heating and plumbing will help to prevent leaks and other future disasters in addition to increasing your home’s value. This is particularly true when it comes to older properties, many of which are reliant on copper pipes and gas heat. Some locations have actually make copper piping illegal in homes, so the owners can get assistance with a plumbing project.
There are a number of other renovations you may want to consider based on your home’s unique needs. If you don’t have a lot of curb appeal, focus on landscaping. If your roof is old, consider having it replaced or having your windows double glazed. Just about any home improvement can increase the value of a home, but the most important three we discussed are the ones that offer the biggest bang for your hard earned money. Whether you add rooms or renovate existing ones, your home’s value is set for a long time.
The sooner you get started, the sooner you can start enjoying the upgrades to your home.