With the real estate market still in a massive slump, more and more homeowners are taking to renovating and adding to their homes in order to increase home value and make the property overall more attractive to buyers.
However, the problem with this is that a large number of popular home improvement projects don’t actually add value to your home, especially in a down market. But, this doesn’t apply to every home improvement project – some of them have the potential to seriously increase the value of your home and ensure that you get a good sale. We’ve listed some of the best renovation and improvement projects to focus on if you want to add to your home’s value.
Adding an extra bathroom to your home can immediately increase its value and make buying your home a much more attractive prospect to any potential buyers. This is especially true of homes that are suitable for large families; parents who are looking for a new home for themselves and their kids are often more willing to pay extra for a home that offers them the convenience of an extra bathroom. When it comes to finding room in your home for an extra bathroom, look at any extra rooms or spaces that are underutilised. You may even want to consider extending your home to add a bathroom, or placing an en-suite in the master bedroom.
Most people consider the kitchen to be the heart of the home, so it makes sense that a kitchen renovation is one of the best improvement projects you can consider when it comes to increasing the value and attractiveness of your home. But, when it comes to reinventing your kitchen, it’s important that you don’t go over the top as too much could end up having the opposite effect and actually put buyers off. In general, potential home buyers tend to look for functionality and ease of use in the kitchen when they are considering buying a home. For this reason, renovating your kitchen to add value to your home doesn’t always mean that you have to spend a large amount of money. Visit Georgian Custom Renovations for more information on kitchen renovation projects.
Adding energy efficiency to your home is a sure way to increase its value and make it more attractive and appealing to any potential buyers. When people are looking to buy a home, they’re looking for a property that isn’t only in the right location with all the right features – they also want to ensure that the home isn’t going to cost them a fortune to heat and cool. By adding features such as energy efficient windows, you can promise your potential buyers cheaper heating and cooling costs, giving your home the edge over others on the market. Upgrading heating systems, air conditioning and kitchen appliances to be more energy efficient can also have a significant impact on the price which you can expect to get for your home.
Being smart about home improvement can definitely pay off!