Ways to Add Value to Your Home
With the unstable economy and job insecurity, home is your only security at the end of the day. Housing prices may have dropped, but there are other smart ways that you need to invest in your home that will add to its value. Whether you are planning to sell your house now or in the future, start doing some home improvement projects. You do not need to overdo it, just take a look at these top 10 ways to add value to your home.
Dark and confined spaces are not good in real estate. You may need to knockdown those unnecessary walls or that small kitchen island which does not serve its primary purpose. You can open up the floor plan by combining the kitchen, dining area and the living room into one big space. It allows for a more open space, bigger looking room and suits a casual lifestyle. It serves well for entertaining guests and creates a more inviting atmosphere. Families will be attracted with this kind of setup because parents can work in the kitchen while keeping an eye on the kids in the living room.
Buyers sometimes make their first impressions from the first look of the outside portion of the house. If it does not look appealing outside, they might not even want to go inside. A good first impression will add value to your home. Start by repainting faded exterior colors. Find colors and exterior details that are pleasant to the eyes. You may want to renovate the shutters, redo the driveway pavement, or hire a landscaper to do the landscaping of the front yard. Make sure that the backyard is also well manicured and attractive because this is where people want to stay if they want to go outdoors.
Many people are into home-based jobs because it saves them time, gas expenses and make more money. Most companies prefer employees who work from home in order to minimize costs and do their part in reducing global warming. Home offices are now becoming a necessity more than a luxury. Try converting an extra bedroom or an unused den into a dedicated work space. Make it organized with plenty of cabinets, drawers and space to move around or spread out your work load. Phone lines, three-pronged plugs and data ports are just a few of the things that must be included in the home office.
Most people are now conscious of their energy bills and how they manage their homes. If you have renovations and maintenance on hand, try greening your house. Replace outdated air conditioners and water heaters with new ones. You may opt to have a solar-powered water heater which will cut down your water heating costs by up to 80%. Change light bulbs to compact fluorescent light bulbs and the shower heads to a low-flow type.
Remodel the Basement
The basement may be filled with unused things that are just collecting dusts and termites. This is not a good site for potential buyers to see. And if you want to add a room to your home, use the basement. You can transform it into a bar room, media room, recreation room or even the home office. You can even clean it up and remodel it to become a guest room or rental unit. It adds value to your home if there is a separate entrance for it. Don’t forget the bathroom which is a must-have. Adjust the lightings and storage space to make the room more appealing and cozier.
The materials you use on your floors will greatly affect the value of your homes. You don’t need to spend a lot of money for renovating your floors. Loose nails may be causing distracting squeaks. Well-placed nails, repairing broken tiles, eliminating wall-to-wall carpeting, and patching damaged floor boards will make a big impact to the overall appeal of your house. When a new floor is really necessary, choose colors that are neutral and materials that are child-proof.
Add or update the bathrooms in your homes. The master bedroom may need individual sinks and spacious shower rooms. Whirlpool tubs, heated floors, and steam showers will add value to your master’s bathroom. Don’t forget the storage spaces and mirrors. Make sure to maintain the same design with the rest of the house, and go green.
Choose neutral colors which are easy to maintain and decorate. It is one of the most inexpensive ways to improve the look of your home and add to its value. Every corner in the house must be updated-the cupboards, old paneling, basement, bedrooms and the walls. You may even want to hire an interior designer and a professional painter to do the job for you.
The kitchen is the heart of the house. If a kitchen is spacious, functional and updated, potential buyers will most likely buy it. Plenty of cabinet space, granite countertops, coordinated appliances, island counters and a wide sink will surely attract any homeowner. You can also add a prep sink and extra burners.
Add a Sunroom and Deck
People want to entertain outside and have an outdoor kitchen, patio and fireplaces. Sunrooms are great for family gatherings or hanging out in a more relaxed and open space when the living room tends to be crowded. While a deck is also another outdoor living space perfect for relaxation and bonding with the family. Install benches, fireplaces and raised garden beds to add appeal and beauty to these spaces.
When you are ready to sell your house, be patient. It may take a little longer to find the suitable buyer for your home, but after all the renovations and long waits; it will all be worth it.