Home Renovations That Increase the Value of Your Home

by Justin on December 21, 2016

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Once you buy a house, you want to set about into making this building your home. This usually entails painting the walls, filling it with furniture and decorating it according to your style. Sometimes it requires a bit more work, bringing on custom projects and renovations that can add up in price. That’s fine if this investment in turn increases the value of your home proportionately, but can be a bit of a waste of money if it doesn’t. Finishing a basement will never bring you as much value as renovating a kitchen, just like putting in a pool doesn’t mean that your home will sell faster or at a higher price.

If you are trying to be smart with your savings and put your money where the raise in equity is, consider the following 6 projects that are virtually guaranteed to increase the value of your home.

1) Hardwood Flooring

Though hardwood flooring is a big investment, it’s a long term, high-quality feature that buyers like. Even after years of wear and tear, sometimes all it takes is a sanding, staining and polishing to bring it to good condition. Ripping out carpet and putting in hardwood floor, doesn’t just increase the value of your home, it makes it easier to take care of and minimizes dust and allergens, something that’s very important especially if you have pets or children. Visit a showroom with a wide assortment of top quality hardwood flooring and find something that matches your interior design concepts and gives a polished and timeless look.

2) Increasing Sightlines with an Open Concept

Many older homes have lots of walls that break up the flow of the house. Instead, homeowners are deciding to remove some walls to create an open concept. It’s great option for those who entertain because there are bigger spaces to mingle within and the host can simultaneously talk with guests while preparing meals or snacks. It also creates a great first impression when people enter the space, making the space seem larger than it is. Your home’s value will increase significantly with this modern design which also makes it a more livable home with a noticeable upgrade.

3) Spa Bathroom

Yes, bathrooms are the center of the family morning rush, however a lot of people want to see it as a place of retreat. There are many things that a homeowner can do to make the bathroom more of a spa and less of a place to crowd in the morning. Expanding the bathroom, if necessary, to achieve this goal is worth the renovation cost. Put in a deep soaker and a shower, double sinks, and now your home is more than a home, it’s your own personal spa. A luxurious bathroom is always a good selling point and increases the value of your house.

4) New Windows

New windows can really give an older home a facelift, leaving it with a more polished look and really giving the signal that the owners are invested in the state of their house. With new windows, the house looks well-kept, and you get the double benefit of energy efficiency and a lower energy bill. That’s something that future homeowners will appreciate when looking for a home as well.

5)Kitchen

The kitchen is the heart of the home. It’s where the family gets together to enjoy a meal, it’s where the control center is, and obviously where all the goodies are kept. An old, outdated and dysfunctional kitchen can scare away potential buyers, even if the quality of cabinets and counters are good. Renovating the kitchen is a sure way to boost the value of your home, especially when done in a smart way that increases the amount of storage, counter space, as well as gives the room a bright and airy look. Expect to recoup all the money that you put into making this kitchen a place where one actually wants to cook and everyone wants to (and physically can) be around.

6) Outside Trims

Curb appeal is important, so investing into how your house looks from the outside is a worthy investment. So rent a pressure washer and clean the brick, paint the trim and the shutters, and replace the peeling railings if necessary. They will create an amazing first impression and make your home stand out on the street and make it an aesthetically pleasing addition to your neighborhood. Hopefully this will also encourage your neighbors to take a critical look at their properties and start investing some time and effort into their upkeep. Remember that the price of a home also reflects that of the neighborhood, so having “good looking” homes around you will raise the value of your individual house.

Though your house is your home, it’s also an investment, often the biggest one that you will make in your lifetime. Make sure that the money you put it in can be recouped later as you transform your property into your dream home.

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