How To Increase The Value Of Your Home With Remodeling
For many homeowners, updating or remodeling the home is always on their mind. The home is probably the most important asset that a person will ever own (or be paying off) and many people want to safeguard this investment by keeping the property well maintained and up to date.
And the added bonus of this attitude is that you can significantly increase the value of your home by doing well planned remodeling projects. A well planned, well budgeted project can add value to your home (or retain the value in this time of negative house price growth). Many people even do relevant home remodeling projects just before they plan to sell the house.
This article will point out some of the most important areas of the house that will benefit from a remodeling project and add value to your home. No one wants to pour money into a big remodeling project that won’t produce a good return on investment. So the first thing that needs to be considered is which areas of your home need the home improvement the most.
If the area that needs improvement the most is the kitchen then you are definitely in luck. Most real estate agents suggest that the kitchen is the room that makes the biggest first impression on a potential buyer. Studies indicate that the most profitable way to increase the value of your home is through kitchen remodeling. Some of the popular ways that individuals usually try to remodel their kitchen is through re-working and replacing the floors or reconstructing the cabinets.
These are relatively simple refurbishment jobs. They are also quite cheap if you do the work yourself. There is a good selection of cabinets and worktops at most DIY stores. They are easy to construct and install in the kitchen. Flooring is also quite inexpensive. Vinyl flooring material is the easiest and cheapest to use for a remodeling project.
Real estate agents also suggest that the bathroom is second after the kitchen to influence potential buyers and add value to a house. Most remodeling projects in the bathroom include maintaining wear and tear or adding new functionality. So stained facilities, like the sink or toilet may be replaced. Or maybe a shower unit may be installed over the bath. Other things to consider are adding more storage cabinets or a touch of paint to make the room look fresh.
The family room or lounge is one of the easiest remodeling projects to undertake. This is mainly because so much can be done to the room to individualize it and make it comfortable. You could add a bar or design it to fit in with your home entertainment center. However, if you are planning to sell the property, make sure that you leave the family room as much of a blank canvas as possible. All new buyers want to personalize the family room or lounge but want ready to go kitchens and bathrooms.
Adding extra space is always a great way to increase the value of your home. You can either add an extension or convert an unused room into a functional part of the home. an extension may be a new bedroom if you have a new family member. Or you might think about turning the attic or basement into a study or games room. all these projects will add value to the home, and in the case of a conversions, are fairly easy to do.
Swimming pools and many outdoor projects don’t have a good return on your outlay. Adding high tech. gadgetry into the home isn’t good either. Adding extra space and making the kitchen and bathroom look good are the best ways of getting return on your money.