Many homeowners make the decision to upgrade parts of their home and renovate some areas. However, it is important that these renovations add value to your property. This article can help you choose the home improvement projects that will ultimately add value to your home.
Kitchen renovations are one of the most popular ways to add value to your property. Such renovations can range from simple painting and cabinet revamping, to redoing the cabinetry and purchasing new appliances. When listing your home, you need to focus on the kitchen. Avoid using vinyl flooring as it tends to make a kitchen appear dated. Replace vinyl flooring with tile or laminate. New kitchen cabinets, faucet fixtures as well as updated lighting will all increase the value of your home. However, you can give your cabinets a quick paint job or buy new hardware if you're on a tight budget.
You can increase your home's value by 10 to even 20 percent by adding a second bathroom. If you don't have enough space for a full bath, a half bath can still add value. However, the average cost of adding a second bathroom in the US is approximately $50,000. Of course, not everyone has the money to do this. If you're on a tight budget, give your existing bathroom a facelift. Apply a fresh coat of paint, new flooring and perhaps new vanity fixtures which can all add value.
If your home has an unused basement, consider converting it into a rec or family room. It can add interest to your home and make it become prime real estate in a hard-to-sell market. Most home buyers look for houses that come with a finished basement. If you are taking this route, make sure that your renovations are up to code.
Additional storage is always important to have in a home. Modern homes come with ample storage, but older homes often lack the simple necessities. Walk-in closets are non-existent and oftentimes, not even a small closet is present. Make sure that you provide some form of storage when looking to sell. It is important that you add closet space to each bedroom to make your property more desirable.
Don't overlook the simple functions of your home. Make sure that the wiring and plumbing in your home is up to date and working. Since buyers will most likely order a home inspection, don't leave room for nasty surprises. If you know something is not working, make sure that you fix it before listing the property for sale.
The curb appeal of your home matters just as much as the interior. First impressions are everything and potential buyers want a well-kept property. So weeds waist high and metal junk littering the yard is not the way to go. Even if this was no a major concern for you, you are no longer thinking of yourself. You need to consider what a buyer would want. Landscaping is important and if you can't do it yourself, make sure you have the budget to hire a professional.
When looking to list your home for sale, presentation is everything. Potential buyers will be looking at the inside and the outside of your home to judge its potential value. Make sure you follow what was discussed in this article for optimal added value.