Whether you are renovating for yourself or selling your home in the near future, the right home improvement projects will get you a greater home value.
There are home improvements that seem like a good idea right now, but they do not really add any value to your property, and some are even overly expensive to do. You can raise the value of your home and make it more comfortable for you or future residents by incorporating some of these great remodeling ideas into your home.
Remodeling Your Kitchen
Many homeowners use their kitchen as the center of their household activity, which leads them to place a kitchen remodel high on their list of home renovation projects. In fact, when you renovate your kitchen, there is a good chance that you will get back around 60 to 80 percent of your renovation cost. If you make careful selections, you can even see an immediate financial gain by saving money on your energy expenses.
Just be sure that your kitchen design complements the rest of your house because if it does not, it can cause you problems down the road. For instance, if your home is Danish modern, a French country kitchen would look completely out of place. Start your remodel by choosing appliances, keeping in mind that these days’ built-in appliances are the way to go. You could have an interior designer come in to give you more ideas about how to properly utilize the space that you have.
An Additional Bathroom
You can actually add a second bathroom which will increase the value of your home. The addition can lead to an 80% – 100% return on the investment.
Before you can begin, you will have to find an appropriate location for the second bathroom. Consider any room that is not currently in use, such as an extra bedroom. One area that is often overlooked and unused is the space underneath your staircase. If you want to add in a bath, you will need 18 square feet at the minimum. However, in most homes, this space may not be practical for this purpose because it is too small.
Reinventing a Room
If there is a room with sofas in your house that is not being usedmost efficiently, it may be worth it to renovate the space. It is very common for most people to simply add on a new room because it will add additional square footage to their home. This can be a very costly project, and not easy to recoup the amount of money that you’re spending, which is after all part of the reason that you are doing this. If something goes wrong, you will end up with all of this extra space, and only have the extra bills as a result of your efforts.
Rather than adding square footage, breathe new life into space that you’ve already got. One that doesn’t have to cost a lot of money. One example of reinventing a space is to transform a basement that is not usedas a bedroom or game room. Another option is taking a garage and reinventing it into a small apartment that you could rent out. Even if you are not planning on moving out of your house at the moment, this is a good option because it will give you the option to rent out that room, allowing you to recoup the investment relatively quickly.
Before starting any project, do some heavy thinking, to figure out what would attract prospective buyers. They will be able to offer some insight into the sorts of things that most buyers are interested in.