If you are looking to sell your home now or in the future, then home improvements are an excellent way to increase your property value and get more out of your investment. While major renovations, like kitchen remodels, are thought to give some of the best return on investment, there are also several simple and affordable ways to upgrade your property.
Here are some of the best home improvements to increase your property value.
Add an Extra Room
Adding an extra room is a reliable way to boost the value of your property. For instance, having an additional bedroom may mean that larger families will now consider your property. The extra room could also be converted into an office, hobby room or a home gym. Having a spare room is extremely appealing to buyers and most people are likely to be prepared to pay a premium for the extra space. You have a few different options to consider when adding an extra room to your property. One of the most popular options is to convert the attic into a bedroom or install a granny annex in your backyard.
You could also consider an extension project or even convert one large room into two by constructing a wall to separate the space. Whatever route you choose, it’s crucial that you find a professional with the correct level of training and experience to complete the job. Fortunately, you can easily find and compare local building professionals by searching “handyman near me” in comparison websites. Make sure you shop around to get the best deals and read customer reviews to ensure you hire a quality builder.
Kitchen Remodel
Many people think of kitchen remodels or renovations when considering ways to improve their home. While a new kitchen may seem costly, it’s one of the most reliable ways to boost your property value as an updated kitchen is an important feature on most potential buyers’ wish lists. Modern families spend a lot of time together in the kitchen, so having a functional and stylish kitchen space is likely to appeal to potential buyers and increase the overall value of your property.
A recent survey carried out by realtor.com found that – “80% of buyers placed the kitchen in their list of top three most important spaces in a home and 69% said they would pay more for a property with new kitchen appliances.” Even small kitchen remodels that involve minor upgrades like resurfacing kitchen cabinets and worktops can give you a fantastic return on investment, so don’t underestimate the value of carrying out small improvements.
Install Outdoor Decking
If you have a large backyard, then installing decking can be a fantastic way to create an attractive outdoor entertainment space and increase the value of your property. According to Bankrate.com – “The average cost of adding outdoor wooden decking is $13,333 and should give you a return on investment of at least 75.6 percent.” Once you’ve installed decking, add some furniture like tables, chairs and sun loungers to create the perfect outdoor entertainment area. That way, potential buyers will be able to imagine their family enjoying the space and spending quality time together outside on warm summer days.
Replace Your Doors and Windows
Replacing your doors and windows can instantly increase your property value by improving your curb appeal. Keep in mind that your front door is likely to be the first thing that homebuyers see as they approach your property.
If your door is worn or damaged, it’s likely to leave potential buyers with a negative impression and may even discourage them from making an offer. Aside from visual appeal, replacing your doors and windows can have a few other benefits such as increasing your home security and reducing drafts.
This will make it easier to manage your home temperature efficiently which should save money on energy bills in the long run. Overall, replacing your windows and doors is an excellent way to make your home appeal more to potential buyers and improve your living space by increasing security and reducing drafts and outside noise. For a cheaper alternative, you could try giving your doors and windows a new coat of paint to freshen up their appearance.
Home improvements are a great way to increase the value of your property if you decide to sell now or in the future. Upgrades to your home will also help create a more functional and comfortable living space for you and your family and could also make your home more energy-efficient, thus saving you money on energy costs. Consider some of the projects above when looking for ways to improve your home environment.
