Using Home Improvement Projects to Boost Home Value
Whether you are renovating for yourself, or to sell your home in the near future, the right home improvement projects will get you a greater home value. The improvements that you make now may look good, but they may not actually add to the overall property value, despite the fact that they will cost a considerable amount of money. The following ideas, however, may add to the price you can sell your home, while also adding a great deal to both the functionality and comfort of your home.
Kitchen Remodeling – Adding Value To The Heart Of The Home
The kitchen of any home can be a make or break decision point when it comes to buyers, so this makes it the first room that should be upgraded. One of the reasons that this home improvement is so valuable is that you can get back between 60 and 80 percent of the investment. As you make wise decisions about the renovations, you could begin recouping your expenses through energy savings on your utility bills each month.
First, consider the design scheme of your home; you want any kitchen upgrades to fit in with what is currently in place. For instance, you wouldn’t want to put an ultra-modern kitchen in a traditional home. Built-in appliances are a good choice if you are not sure what to invest in. In addition, it is a good idea to talk to an interior designer for ideas.
Adding a Bathroom
Adding another bathroom can boost the value of any house. The addition can lead to an 80% – 100% return on the investment.
The first step is to find available space that lends itself to adding an extra bathroom. Consideration should first be given to rooms that are not in current use, for example a spare bedroom. One good place for a bathroom that people don’t think about a lot is the space under a set up stairs. 18 square feet is the amount of space at a minimum level that you will need in order to put in a bathroom. Just make sure that the space you choose has at least enough room to comfortably accommodate a sink and toilet.
Redesigning a room with new purpose
Another wonderful method to adding value to your home is to make sure that you redesign an existing room, so that it can attain its full potential. A lot of homeowners would rather add on an additional room because that increases the home’s total square footage. Yes, such a costly undertaking runs a high risk of failing to recoup the investment. There is also the chance that things will not go as planned. You could find that the final cost of the addition is far more than you had originally planned and the return on the investment is minimal at best.
Reinventing existing space is a more practical option. This type of decision the best to make as it will also help you add more value to your house.
Consider turning a garage into a habitable room, or converting the attic or the basement into a bedroom or a small guest area. These are the secrets to adding real value to your property.
Before you start the transformation process, consider exactly what kind of room a potential buyer may be most interested in, such as an at-home office, laundry room, or an extra bedroom. By thinking it through and being flexible you too can increase the value of your home.