Adding Value to Your New Cross Home With Home Improvements
Even if you have no immediate plans to move, you may be thinking of things you can do to increase the value of your house. After all, it is not all about the resale value of your home. The total value is also important when you need collateral for a loan or a refinancing. A home is one of the greatest investments in our lifetime. Homes should be treated like the investments they are.
Renovations are the fastest and more effective way of improving your home's value. However, you will need to know which projects will improve the appearance and value of the home the most.
Here are some great ideas to add value to a home wherever it is located.
Building More Rooms
Do you want to witness the value of your property increase overnight? Just one more room can increase a property's value dramatically. Whilst there may be identical houses in your street, the one that has 3 bedrooms and 2 bathrooms is certainly going to cost more than the house with just 2 bedrooms and 1 bathroom. Obviously, larger homes, built for more people, are worth more.
You can create an additional room or two by building an extension directly onto your home. If you haven't the square footage to do this, you can think about dividing a larger room into rooms of lesser size. In the majority of cases this is still a value-adding renovation.
Remodel The Kitchen And All Bathrooms
For most potential buyers, the bathrooms and kitchen can make or break the deal. Open kitchen plans that have update cabinetry and appliances have far more appeal on the market. A kitchen remodel can be expensive, but a worthy investment in the price of a home you are considering selling.
Bathrooms are also an important consideration to homebuyers. Modern buyers are on the look out for claw-foot tubs, jetted hot tubs, dual sinks and lots of storage space. Even better, however, is the fact that you also get to enjoy the upgrades to your bathroom until your resell your home. That makes sense, considering a lot of time each day is spent in the bathroom!
Update the Heating and Plumbing
It may not be a glamorous thing to do and you won't have any fabulous new features to show your friends but it is still well worth while. However, let's not forget it will keep these essentials in good working order as well as improve home value. This is particularly true when it comes to older homes, many of which have copper pipes, gas heating or old electrical wiring. Copper pipes are illegal in some areas, which means you might be eligible for a subsidy you can use to update your old plumbing.
Replace your roof, keep your lawn neatly trimmed, new lighting, considering replacing windows and your gutters, as these are all great ideas that can help increase your home's value. With that said, implementing the suggestions above will benefit any homeowner. Adding rooms, renovating the kitchen or bathrooms, or updating the utilities will add value and enjoyment in a home for years to come.
Great value can be brought by working to make a home more appealing and up-to-date!