Home Improvement Ideas That Will Increase Your Home Value
Make A Home Worth More Through Home Improvements
If selling your home is in your future, or if you desire a new look, you have several options for projects that will boost the property value. Once you get these improvements done, they may look very good, but some of them may not add a significant amount of value to your home, simply costing you a great deal of money. When you are able to sell your home for more than you expected, it might be because of the ideas that you will learn in this article, ideas that can help improve the comfort level and functionality of your home starting today.
Remodel the Kitchen
The kitchen is one of the highest traffic rooms in any home, which is why it is such a good candidate for remodeling. It is very easy to recoup as much as 80% of your initial investment when you do a kitchen remodel. You may also see a drop in your electricity bill if you make energy-smart choices.
When you are planning your kitchen refurbishment you will want to take into account the style of the rest of the home in the new kitchen design. For instance, if the home has a modern design, you should not redesign the kitchen with a rustic atmosphere. Built-in appliances are a good place to start if you are not sure what improvements to make in your kitchen. You may even consult with an interior decorator to figure out what options are best for you.
Making Room for a Second Bathroom
Adding in a second bathroom is another way to boost the value of your home. You can actually get up to 100% back on your investment from this type of addition.
One of the hardest decisions to make is where you can take space from that could become a bathroom. Is there a usable space in the house that is not needed? One area that is oftentimes overlooked and unused is the space underneath your stair case. You will need an area of at least 18 square feet for the room. An area that is too small will be unappealing to buyers.
Reinventing a Room’s Purpose
You can also enhance the value of your property by remodeling a room that is not currently being used to its full potential. Adding a room does, however, add more square footage to the house. However, adding a room is very expensive, and there is a good chance you won’t recoup your investment, which after all is the reason for doing it in the first place. If a mistake is made during the addition of a new room, it will cost you even more than you had originally planned and take away a lot of the earning potential when the time comes to sell your home.
A better strategy would be to upgrade an existing space. This type of project can boost the value of your home tremendously and will not cost you the small fortune that an addition would. For instance, an unused basement can be converted into a bedroom, the garage makes for a great looking small apartment and it is even possible to rent out this apartment that has been converted from garage. This is the kind of creativity that can add real value to a home.
Before you begin ripping out walls, stop and consider your options and think about what potential buyers would want. They will be able to offer some insight into the sorts of things that most buyers are interested in.