Which Improvements Will Add Value to Your Home?
If you are keen to add value to your home as you have plans to sell it in the future, you may be wondering what type of renovations and home improvements add the most value. You can then decide if there are any jobs that you can take care of yourself and whether it is worth spending money with the hopes of recouping that (and more) when the time comes to put your home on the market. To that end, below are some of the most valuable home improvements.
Adding a Room
Whether you add another room by way of a conversion or extension, this is sure to add value to your home. It might be another bedroom or a family room, but when the time comes to sell having that extra room will increase the selling price of the home. Unless you have experience in construction and are comfortable doing a conversion yourself, you may need to hire a team of professionals. In this case, you would need to weigh up the cost of the conversion or extension against how much value the extra room is expected to add. It would be a good idea to speak to a local real estate agent for advice.
Upgrading the Kitchen
A new, modern kitchen can add value to your home, but you do need to be careful about how much you spend here. Kitchens with all the latest gadgets and gizmos can be awfully expensive, and you probably won’t recoup what you spend if buyers don’t like the style that you have chosen. For example, a buyer might prefer a more traditional style of kitchen. If your new kitchen is very minimalistic, it may be that the buyer would have plans to change it when moving in. It may be better to consider a minor kitchen remodel instead. This is probably something you could do yourself, provided you have the right tools. The folk at Devour Tools say that with a power saw fitted and the right tile blades you could probably re-tile the splashback or floor, which could give the kitchen a new lease of life. Changing the cabinetry doors is also a simple enough job and is not as extensive as ripping out the entire kitchen and starting again.
Changing Windows and Doors
Upgrading the windows and doors of your property can be a terrific way to add value, particularly if they make the home more energy efficient. Older windows and doors that are damaged can detract from the look of a home and can cause drafts, which can make the home feel cold and uninviting. Upgraded windows and doors usually provide a good return on investment.
Changing the Flooring
If you have old and worn carpets in some of the rooms, changing them to new carpets or wooden flooring can make an enormous difference. You do not have to spend a small fortune on flooring, and you may even be able to change it yourself (particularly if you go for laminate boards). There are many online tutorials that will give you the help you need when it comes to cutting and laying laminate floors.
If you want to add value to your home, there are a number of jobs that you can take care of yourself. You can also spend money to make money, but it makes sense to be sure that you are going to get a good return on your investment. Obviously if you can do the work yourself, your return will be higher, but this may not always be possible.