Renovations Techniques to Add Value to Your Home Your home is possibly the most expensive investment you’ve ever made. Therefore, as a homeowner, you want to make sure that your home can retain its high value if you live in it and fetches a high resale value when the time comes to sell it. The best way to ensure this is to invest in home renovation. Renovations will not only increase the comfort, visual appeal and functionality of your home but can also offer you high returns when you put the home up for sale. However, some renovations can pay off well in comparison to others. Continue reading to learn about the best renovation techniques to add value to your home.
Addressing Structural Issues
When it comes to adding value to your home, start by fixing its structural problems. According to top realtors, it isn’t worth renovating the interior of your home, if the structure of your home is not strong. Structural issues like subsidence involve underpinning costs. It is likely to be the most expensive home renovation project, but it is worth it as it can add great value to your home instantly. Some structural defects that must be identified and addressed include: • • • • • •
A leaking roof Structural cracks in the walls Bowing Walls Pest/insect infestation Unstable chimney stack Broken roof tiles, etc.
Update Your Kitchen An outdated and poorly functioning kitchen can lower the value of your home. A kitchen is a place where families create memories, therefore it needs to match their lifestyle and must be extremely functional. Invest in kitchen remodeling. Top realtors say that it is indeed possible to recoup between 60% and 120% of your kitchen renovation investment if the kitchen matches with the rest of the home. You don’t have to go for a deluxe renovation, simple and small changes like cabinet refacing, new tile work and flooring, updated appliances and new sinks and faucets can make a huge difference.
Did you know that even a minor kitchen remodel can offer an ROI of approximately 81 percent?
Add Another Bathroom Bathrooms are a vital part of a home. In fact, if they are outdated, in bad condition or there are not enough bathrooms in the house, it can be a big turn off for potential home buyers. Thus, it is advisable to update or add another bathroom to your home if there is space. It can significantly increase your home’s resale value. This is because multiple bathrooms in a home serve as an attractive selling point. It is particularly true for old homes that are not equipped with more than one bathroom.
Renovate Your HVAC System Another home renovation idea for home sellers is the renovation of their HVAC system. It can add great value to their homes. Many old homes don’t have central HVAC systems. Similarly, some homes have outdated systems that need updates. Adding or updating a heating and cooling system can instantly add more value to your home. However, when investing in an HVAC renovation project, make sure that it is done in conjunction with improving the general energy-efficiency of the property, such as: • Replacing drafty windows with double glazed ones that meet the current building regulations • Sealing drafts around the doors
• Adding attic insulation
Illuminate Your Home Potential home sellers should make sure that their homes are bright and spacious. No buyer wants to invest in cramped homes with dark rooms. To increase the value and appeal of your home, open the house to enhance natural light. This can be done by renovating the landscape of your home, such as knocking down some walls to brighten up space or considering an open floor plan to make your home look spacious. Another great way to create an illusion of a spacious home is by adding vaulted ceilings. Besides this, skylights can also flood your home with natural light.
Add a Deck Top real estate agents advise homeowners to add decks to their outdoor landscape. A deck can recoup more than 80% of the property cost at sale time. However, when you decide to install a deck, make sure to plan it out well and invest in features like building in benches and a fire pit. Also, use high-grade materials to increase the deck’s life. If you’re planning to sell your home, then consider working with a top realtor. Browse through our listing to search for the best realtors in your area. Hire a trusted realtor to get quality advice and guidance on the renovation techniques to invest in to add value to your home. Source: https://medium.com/@emma.Jones/renovations-techniquesto-add-value-to-your-home-71823df51466
