Adding Value to Your Property with Home Improvements
Even when you have plans to stay in your Peckham home for several more years, there are actually great ways that you can add a good bit of value for when you are ready to sell. It is not only about the resell value. Having an increased investment value and wider options for refinancing in the future are also what it's about. A home is one of our greatest investments in life. Start treating your home like it is your greatest investment by making improvements to it.
The value of your house can significantly rise simply by investing in home improvement projects. Some renovations yield better results than others.
Below are projects that have withstood time for owners who would like to have a higher value for your there, regardless of their location.
Add More Rooms
Want your home to become more valuable overnight? Add in another bedroom or another bathroom. You may find that two homes may be the same in some ways, but the one that will be worth more is the one with more rooms or bathrooms. Homes become more valuable as they gain the ability to comfortably accomodate more people.
One of the best ways to add a room is to build an extension onto your home. If there isn't enough room on the property for an extension, converting a larger room into two smaller rooms is also an option. Having more rooms after a split like this will still make a home worth more.
Remodel the Kitchen or Bathroom
The quality of the kitchen or bathroom can be a deal-breaker for a potential homebuyer. Buyers love open kitchens with attractive updates, including newer cabinetry, granite countertops, and stainless steel appliances. If you want to upgrade your kitchen, it is going to cost you a good amount of money, but it will look so much better, especially if you are selling the home.
Renovated bathrooms are also a major attraction. Incorporating unique design elements such as stand-alone bathtubs, Jacuzzi jets and hidden storage can all make your bathroom more appealing to buyers. A properly furnished bathroom can also make its owner happier. It's a room we have to spend a lot of time in, so we might as well enjoy it.
Making Plumbing, Heating and Electric Adjustments
This is not a glamorous job and it is not something you can show off to visitors. When you update your plumbing or heating, you can make sure you're adding value to the home while making it more safe. This is very important if your home is older and has copper piping and/or a gas heater. For homes that still have illegal copper pipes, your municipality may offer funding to pay for replacements.
Other important home improvement ideas include replacing the windows, the roof, electrical rewiring, gutters and landscaping the lawn. Nearly all improvements will add some value to your home, but those mentioned here will give you the greatest benefit. Whether you add rooms or renovate existing ones, your home's value is set for a long time.
Great value can be brought by working to make a home more appealing and up-to-date!