Understanding home improvement ideas that can add value to your property is the first step to success in the real estate industry. However, you should keep in mind that not every project will give you returns after the sale. So, it is always wise to research what works and what does not. The about to be mentioned are some tips that you should try out for your home remodeling project.
1. Update Your Kitchen
For a long time now, the kitchen has turned out to be the heart of every home. Imagine what would happen if you updated this room. Studies have shown that people who improve their kitchen get 60-120% returns of their investment. However, be careful not to overdo it. Avoid making your kitchen fancier than the rest of your house.
Kitchen updates are easy. You can start by replacing the old items with new ones. Updated appliances such as dishwashers can add appeal to your home.
2. Beautify or Add Bathrooms
The bathroom is another essential part of each home. In respect to this, it should always be kept clean and attractive. Outdated and insufficient home bathrooms are a turn off to investors. So, beautifying them can be the best decision you will ever make.
Bathroom beautifying does not have to be earth costly. Painting the walls and ensuring that there is adequate light can make a huge difference. Moreover, roof light or light pipes can be of great help to those bathrooms with no windows. Do not forget to add a mirror to make space seem larger and brighter. Moreover, an extra room of this kind downstairs can also add a lot of value to your home.
3. Landscape and Curb Appeal
If you are planning to sell your home, always have in mind that the first impression matters. The appearance of your property exterior will have a lot to do with whether an investor will buy your property or not. Some people can even decide not to purchase a house on sale even before they step out of the car.
An appealing first impression adds 5% of the property’s value. So, if you want good returns of your money, ensure that the external paint and details are up to the standards. The driveway should also be appropriately paved, and any field space should also be maintained. Drought tolerant plants can as well work wonders if you are not a professional in gardening
4. Build a Driveway
Building one or two parking spaces in front of your house is another way of adding value to your property. If there is no sufficient space for this, ensure that you create one even if it means sacrificing part of your garden. Most investors value a driveway more than a garden that they will never utilize.
However, make sure that you have complied with your local authority highway regulation when it comes to the drop curb construction and visibility splays.
5. Increase the spae and light
If you are considering selling your home, you should know that dark rooms will not add value to your property. However, you can try out something to change this. For instance, you can open your home to create a flow of light. You can also knock down some walls to brighten your space.
Another option is the use of skylights. These types of windows can help in flooding your rooms with natural light. When it comes to space, the dome-shaped ceiling can make your house seem vast.
6. Basement finishing
Finishing your basement can attract buyers that can give you a profit during the property sale. That is because it can be used in many ways, especially if you do not have enough space to add an extra room. For instance, a basement can turn out to be a playroom for kids, a bar, or even a media room. Nevertheless, ensure that space is as open as possible to avoid darkness and cramping.
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7. Put energy-efficient windows
Today, everybody wants an energy-efficient home. In this case, an investor is not an exception. Therefore, an old and single-pane window is a huge turn off to any buyer. Research has shown that energy-efficient windows can save up to 500 dollars per year when it comes to heating and cooling costs.
8. Basic updates
Basic updates can also render your home desirable and valuable. It involves getting rid of any mold you see, repainting the walls, fixing a leaking roof, and replacing the rotting wood. These tasks prevent your home from deteriorating with time.
No investor would think of buying an unhealthy and unsafe home, and that is why routine maintenance is crucial. So, replacing that electric wiring in your home and plumbing can work miracles.
9. Update Your Ceilings
A ceiling makes up a sixth of a room’s total area. Despite this fact, it is the most neglected part of the building. Updating your home ceiling can help you stand out among the other sellers. It will also give you a profit on your investment as you continue to add architectural interest.
For a coffered look, a crown molding or box beams can add a sophisticated look to a smooth ceiling. Additionally, small touches of ceiling milk can also make a huge difference. Ceiling milk is a unique feature that is commonly found in older houses.
10. Resurface the concrete
Replacing the worn-out concrete around your home is an excellent way of attracting the buyers. The task does not have to cost you a vast fortune. Nevertheless, you can resurface the concrete with a multitude of different colors and finishing. The improvement will make it easier for potential investors to notice your home.
As seen above, there are many ideas that you can try out to improve your home if you want to add value to your property. However, ensure that you do not overspend. Focus on those budget-friendly projects that can add comfort and character to your home. With this in mind, you will undoubtedly appeal to many home buyers.