If you’re currently thinking about selling your home, or even if you want to remodel your home slightly, there are many things that you can do that will increase the property value. But weigh the choices carefully because some costly home improvements may enhance the home’s appearance while adding little to the property’s value. The suggestions listed below will help you make changes that will increase your home’s value while at the same time taking into account functionality and comfort.
Many home buyers consider the kitchen the heart of a home. Since most families spend more waking hours in their kitchens than any other room, it is the first place you should consider remodeling. In fact, when you renovate your kitchen, there is a good chance that you will get back around 60 to 80 percent of your renovation cost. In addition to this, if you take into account energy efficiency in your kitchen refurbishment you can even see an immediate profit through the amount you will save on energy bills.
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 example, a fancy modern kitchen may not suit a home that has a classic, traditional design. Built-in appliances are a good place to start if you are not sure what improvements to make in your kitchen. If in doubt, an interior designer can be very helpful, especially in effective use of space.
Add a Second Bathroom
A second way to boost the value of your home is through the addition of another bathroom. This improvement may give you back 80 to 100 percent of your renovation investment.
The first step is determining what existing space would lend itself to housing a second bathroom. A room that is not being used, such as a spare bedroom, is a great place to start. Another spot is the space that is under your stairs; this space is often forgotten but is appropriate for this purpose if the space is big enough. If you want to put in a bath, you will need at least 18 square feet of space. Unfortunately, spaces that are this small or smaller may not increase value.
Repurpose a Room
If you have a room that is not being used well, why not consider turning this space into something else. Most homeowners think it’s best to just add a room so they can say that the home is larger. Not only is this a costly exercise, it is rare to get back the money you have invested into this expansion. In many cases, you may even wind up paying more than you planned for the addition if things don’t got according to plan.
Why not just redesign an area in the home to turn it into something different? You can increase the value of your home without spending as much money. Two popular areas for redesign are the basement and garage. By doing this, you can add lots of value to your house very easily.
So before you make any drastic changes to your home in an attempt to increase property value, seriously think about the space you already have, and how both you and potential buyers could benefit from it. You may be able to add more value to the house by choosing to remodel something very adjustable.