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Creative Ways For Increasing Your Home’s Value

By Jamie Richardson | April 9, 2020

People will tell you that real estate is one of the safest investments out there. And they are not wrong. Real estate really is a great investment. Not only does its value remain stable, but it also appreciates over the years. And if you want, you can further accelerate the rate at which your property’s value increases.

Today, we are going to talk about one of the best ways to increase the value of your property; home remodeling. Home remodeling lets you get creative and gives you a chance to completely transform your home. And it is always guaranteed to increase the value of your property.

When it comes to home remodeling, there is not a lot that you need to think over. You don’t have to get involved with real estate agents and legalities. However, you do need to find construction and remodeling companies that can help you out. A lot of people feel that remodeling your home can be an overwhelming task. This is due to the fact that a lot of construction work will take place. And all of this will disrupt the atmosphere of your home. However, as long as you approach home remodeling tactfully, you shouldn’t have any trouble. You can read more on how home remodeling is worthwhile at propertycentral.

The Basics of Home Remodeling

When remodeling your home in order to increase its value, you need to keep a handful of things in mind:

  • Think of every penny being spent on remodeling as an investment rather than an expense. A well-done remodeling job can increase the overall value of your home by as much as 5%. This means that whatever you spend on remodeling will definitely come back to you.
  • But one must also devise a remodeling budget that is within reason. There’s a general rule of thumb for determining the value addition of a remodeling job. The cost per square foot of a remodeling plan should not exceed the value per square foot of your property. As long as you stick to this rule, your remodeling expenses will come back to you.

Creative Remodeling Ideas

A great thing about remodeling is that there is literally so much that you can do. Home remodeling means taking an existing portion of your home and improving it. You can remodel segments of your home or give your entire property an overhaul. If you can’t come up with any remodeling ideas yourself, then you should give these options a look:

  • If your home has a basement, you can convert it into a living space. A basement can be transformed into a really interesting accommodation. You can also transform it into a bedroom, entertainment area, or a storage place. Remodeling an already existing basement is one of the easiest remodeling jobs out there. This means that it will not take too much of your time either. 

To market trends, remodeling your basement can potentially add as much as 30% value to your property.

  • Every suburban home has a garage. Most of us use our garage for storage. However, you can convert your garage into a living space as well. A garage connected to your home can become a superb dining area or recreational space. In some places, remodeling your garage will require permission from the authorities. So, make sure you check with your local authorities before doing anything.

Remodeled garage can potentially increase your home’s value by 15%.

  • If you don’t have a garage or a basement to work with, you can consider extending a portion of your home. For instance, you can extend your kitchen by adding a side return extension. This gives you more space to work with and also increases the overall aesthetics of your home. A return extension will also improve your home’s overall layout.

Kind of remodeling job can increase your home’s value by 15%

  • If you feel like you have started getting bored of your home’s living room, you can refresh the mood with a conservatory. A conservatory can make your living room feel more spacious and aesthetic. Conservatories have large windows; this allows for more daylight to flood into your living room. But bigger windows also mean poor climate control. You will have to stick with double-glazed glass if climate control is an issue for you.

A conservatory can increase your home’s value by 10%.

 These are just a few remodeling ideas that we could think of. Remember, there is no right and wrong when it comes to home remodeling. As long as there is something that speaks to you, you should definitely go for it. A quality home remodeling job will increase your property’s value by quite a bit. It will also make breathe fresh life into your home, making it look better than ever before. 

Jamie is a 5-year freelance writer who enjoys real estate. He is currently a Realty Biz News Contributor.
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