HOW RENOVATION CAN INCREASE YOUR HOME’S VALUE
Are you planning to put your home up for sale? When it comes to selling a home, everybody wants to reap the maximum value possible. Here you need to put yourself in the buyer’s shoes and consider what you want to look into while buying a new home.
Will you go for a house that does not have curb appeal? Are you going to pay the quoted amount if there are a lot of loose shingles from the roof?
Well, this says everything, doesn’t it? If you are not ready to buy a house that’s not appealing, don’t expect others to pay a hefty amount for your dull house. You can give an all-new charm to your old home with better renovation systems and lure prospective buyers easily. Even if you are not planning to sell off your home, you can remodel your old home for a better living.
For home renovation, you must keep certain things in mind, such as the cost versus the value. Proceed if you find the remodel you want to do is a worthy investment. Many people spend heavily to improve their home but when it comes to sell, they fail to get the expected return. Let’s take a look at some of the renovation ideas that may help you add more value to your old home.
Right home improvement project
Picking the right home improvement project is very important. Take your time to figure out your finances and decide on whether you want to go for a complete renovation of your old home or just do some cosmetic changes to entice the prospects.
It’s beyond question that the money spent on improvements will potentially increase the overall value of your home and you can expect a good return on investment after home improvement. If money is a constraint, you can opt for any loan program.
“First impression is the last impression.” This might not be completely true for your home, but the curb appeal of your house is incredibly important when you show it to the prospective buyers. Do you know a beautiful exterior can increase five percent to its value?
Plan some small but better renovation systems like giving a new exterior paint, paving the driveway properly, etc. If the house comprises any lawn space, it must be properly maintained. A colorful garden in the extra space augments beauty of the landscape.
Improve the kitchen
Although no such statistics available on what the buyers give more importance to while buying a home, but most commonly, buyers give a significant important to the kitchen. If you truly want to increase your home value, consider a kitchen renovation.
Before embarking on, consider the budget. Kitchen renovation is sometimes costly. Can you recoup that money while selling the home? Try out the projects that can add a lot of appeal but won’t burn a hole in your pocket. You may talk to a home renovation service provider for kitchen remodeling ideas.
Home with smart technology
This is the era of technology; why don’t you leverage the latest technology to add extra value to your house. People these days want to control things using their smartphones, such as lights, door locks, and security systems.
High-tech features are expensive and might not render you expected return, but you can consider adding a whole-house generator or a Programmable thermostat. These value-added buzzwords will give a potential bump of 3 to 5 percent to your home value.
The bathroom is yet another most important room in the home that requires attention to increase home value. Remember, outdated bathrooms are a big turn off to the prospective buyers. It is always recommended to increase the number of bathroom for getting a better value of your home. If it is not possible, ponder over updating bathroom fixtures and amenities.
Small but better renovation systems will not cost you much if done with the help of expert, but ultimately improves your home value significantly. Other important things like the floor, roof, light and air, etc. also need to be considered for home renovation. Get in touch with a home renovation service provider and get advice on better renovation systems and to improve your home value with minimal renovation.