Your home may be the most expensive asset you have ever owned, but there is always room for improvements and upgrades. There is a plethora of ways to add value to your property which means that even if you want to do so for the sake of your own personal satisfaction and have no intentions of selling it yet, it is always useful to know what upgrade or value addition will give you the best bang for your bucks.
Home upgrades usually add to the financial worth of your property, but they don’t necessarily have to be extremely expensive or time consuming. The following guide on how to go about this process will come handy if you’re looking to invest in any upgrades or value addition.
First things first, whether you’re looking to increase the worth of your property or just building up a dream home, it’s important to fix structural issues.
Structural issues often run deep, and fixing them may invite unknown and heavy costs. Look at it as the basis of your house that everything else – all the other renovation or additions – will stand upon. Moreover, the presence of any structural issues at the time of home appraisal will slash the value of your house by a great deal and all those cosmetic renovations and investments will be left useless.
Some of the structural defects could be:
Adding curb appeal is a surefire way to make your property more valuable. Adding some roses and a fence, warm lighting, and a bell that works are some of the least costly upgrades that will give your property a value boost overnight.
The front door is where a potential buyer or appraiser spends the first few seconds waiting. Having a bright and aesthetically appealing door can have a substantial impact on the value of your property as it leaves a good first impression.
Replacing any dull looking door furniture with a fresh and gleaming one is also a great idea. Make sure that the door furniture along with the door knockers and the letter box are in great condition and complement the overall design and feel of the property. Furthermore, consider having the house numerals polished or replaced so they add to the aesthetic appeal and are clearly readable.
Plants such as roses and jasmine around the side walk or by the gate should be added to add texture and color.
Any real estate expert can tell you that one of the most financially beneficial upgrades to your house are the ones done to your kitchen. These will have the greatest return on investment.
There are a number of things that can be done ranging from a limited budget mini-remodel to a master chef level revamp of the kitchen facility. From changing the paint on the walls and the cabinets to redoing tiles or adding a wooden floor, all will yield positive returns on your investment in this area of the house. Home improvement stores can provide useful ideas and you could even take classes on redoing the kitchens.
You could add a stainless steel touch to the kitchen, along with moving on to light stitches, lamps and appliances that match that aluminum metallic look.
You could also consider using a theme to redesign your kitchen entirely. Hang a wine bottle holder and adding some fresh new pots atop a pot holder can help make your kitchen an outstanding feature of the property.
The bathroom is another area of your property where you can get great returns on investment. Most property experts and appraisers will tell you that there is almost an 85% return on the investments made to the bathroom in a property. Besides, the bathroom is the area that sees significant wear and tear, which is why it is a good idea to maintain it and keep it functioning with aesthetical and functional upgrades all along.
From your taps and faucets to the showers and bath tubs, bathrooms these days fill more than just a utilitarian function. People like their bathrooms to mimic spas with a hot tub bath and even a TV space. But even if you’re not looking to go that extravagant, the sinks and showers and lighting can most definitely use some upgrades.
Installing granite or marble countertops in the bathroom is also a great renovation idea. This is particularly because doing so will give the bathroom a completely different look, and will still cost less than a kitchen remodeling project.. Next, take out the overhead lighting and install the wall mounts instead. This will add the perfect warmth and glow to the ambiance.
Additionally, make sure that the mirror has even lighting with no side shadows. Heated floors are another fancy idea to toy with and one that really attracts the buyers too. Last but not the least, keep it clean spick and span as dirt and grime can ruin every upgrade and enhancement.
All in all, there are a number of ways you can add value to your property from extravagant options such as installing a pool in the backyard to a simpler fresh coat of paint. However, the aforementioned are some of the most primary ways in which you can add to your house and are ideas that will provide you the best returns for your investment.
If you’re looking to sell your house, you can enlist our dedicated services to sell your house without going through the painstakingly long process for yourself.