🏠 Home-Blogger.com » Common Tips » Increasing the value of your home

Increasing the value of your home

No matter how much you like your home and how much you have invested in it- time, money and emotions, it may come a time when you will want to move to other place.

The reasons for this could be numerous- you may need a bigger (or smaller) place to live, you may need to remove from flat into a house with a yard, or you just could be an adventurer and like to refresh and reload your life this way. It doesn’t matter. It only matters that you find the perfect place for you and your family.

In order to move you may need to enter the massive, large and a bit scary world of offering and selling residential properties.

Basics
No matter what is the situation in the real estate market, since you have decided to put your home “on the table”you will probably have to think through the things that will make it more desirable by any types of clients. You would like it to be more competitive on the harsh market. In other words since you are going to sell your old home you must prepare it for the competition.

A lot of home improvement projects don’t add value to your home, especially when the market is down. Actually, some improvements can even detract from the asking price when you decide to sell. On the other hand, some projects can add significant value to your home, making it more desirable to the buyers.
So for a start you should think of basic projects, divided by type and see where this will lead you to.

Kitchen
Think of remodeling the kitchen. Yes, it sounds like a walk in the park, but sometimes it is not that way. Kitchen is the heart of every home, which makes the requirements for it of high importance for both seller and buyer. So thinking of remodeling that place you should consider of making this with less money and reach bigger effect.

The enormous kitchen, easily the size of the living room, is often consisted of appliances and counter tops that might look more at home in a fancy restaurant kitchen. The style, size, and quality of the kitchen don’t fit in with the rest of the house, or the neighborhood. If you plan on selling your home, keep up with the tendencies and the potential buyers.

Have in mind before you start on any major remodel the things which are very much liked now, the style which most of the people prefer. In other words check the market and the demanding very well. Because there may be people who won’t pay for a fancy, deluxe kitchen. And if you have refurbished your in such a style it will be darn hard to sell it fast and with good price.

Little paint will improve enough and leave a distinctive feature, which will be a tempting for buyers. Get the biggest bang for your buck on a kitchen remodel by choosing an appropriate color. Fresh paint, in modern colors, can go a long way when we talk about updating the look of your kitchen. Plus, paint is relatively cheap, you know.

Why not consider using low-VOC paint? It will be a little more expensive, but this will make your kitchen more eco-friendly, and will help your family avoid breathing in dangerous chemicals, like benzene, that off-gas from regular fresh paint.

Energy efficiency improves the quality in every home
Consider replacing old appliances with energy-efficient models. Energy Star-rated appliances are better for the environment for sure! This will also help you save money, because these kinds of appliances use less energy. And potential buyers often look for ways to save money when shopping for a new home. That means that they will be pleased to know that the electrical devices and appliances in this residence will save them money ahead.

The bathroom
The bathroom is probably the second most important and usable place in a home along with the kitchen. If you have decided to put some extra money for bathroom improvement, the first thing that will enlarge the evaluation of your home is second bathroom. But let’s not be so marginal.

There are some important steps for you to follow in order to increase the value of your dwelling through bathroom improvement. But since almost everything concerns money probably every idea will cost you some.

The idea is to choose better bathroom products on reasonable process (no matter how hard this might be). But the most important things to be considered for change in a bathroom which has been used for some time are tubes, sinks, some of the additional things like mirrors, shower, bathtub and so on and so forth. Think about it first- some of these things may not have the need to be replaced, they just might need a little bit of a cleaning and there you go.

A new room
If you have the possibility go on and build a new room or reinvent an old one. Adding more square footage to your home with a new room can be an incredibly expensive project. But making a whole new extension and adding few rooms may cost a lot more than you will get as a extra money if you selling the place. So in safety sake try to think about reinventing a room.

This will definitely save more money than to create a new room instead. And before you have asked yourself what room to re-imagine and restore, there comes the basement and the attic with their plenty of space, necessary for building up a new space, which can serve as an extra room. They can be quite easily insulated, refurbished and put into unimaginable outlook which will drag even more potential buyers.

For example:
Basements frequently work well as second living room, or a game room. Many people also turn this space into a small apartment for different purposes. Attic spaces often work well for craft rooms and game rooms, especially if they have high ceilings.

Insulation
Insulate your place properly. This is probably the most important overall touch to your dwelling. Insulate walls and windows, making them sustainable to cold and hot weather. It may cost a bit more, but as we said it is one most important things when choosing a place to live, because of the importance of reasonable and useful using of energy.

Deck/veranda/terrace
Addicted to the open spaces? Who isn’t! Nevertheless you live in a city, if you have got a terrace, deck or some kind of a veranda, you could empower its value by refurbishing it, putting some beautiful flooring or a tent and make it useful space for everyday leisure activities, parties or just practical storage for stuff that can be left outside.

Basic upgrades
Basic upgrades include the energy sufficient insulating which we already mentioned, along with roof improving, good and safe energy wire system and plumbing. Because every buyer would like to purchase a safety improved house, not only splendid on the outside, but functional and useful as well.

4.1/5 - (117 votes)
Back to top