While you consider increasing the value of your house, you may evaluate various cost-effective improvements or renovations. Well, undoubtedly, updating and renovating your house can aid you to achieve an increased value for your home. Not all home upgrade projects can be the same. A Remodeling.com study shows a 57 cents return on an average, on every dollar spent. Adding space is a great way to add value to your home. Most people fill out their unfinished basement or re-do their master bedroom as a way to enhance the value of their home.
There are a couple of guidelines you need to follow while you plan to increase the value of your house. Firstly, do not spend more than what you are required to spend on revamping because the value of your home largely depends on the value of the other surrounding properties. Secondly, it is important to make sure that the work carried out is of a professional standard and lastly, you are required to keep all the bills and receipts handy to present them before the prospective buyers and agents.
The No1 home upgrade formula with the greatest return is the improvements made with respect to flooring. To add and boost the value of your home, upgrade your floor with Hardwood Flooring or Engineered wood flooring.
Listed below are the top few keys to increase the value of your home
PLAN YOUR REMODELING PROCESS
Remodeling your home could cost a bomb! So, go slow and treat it like a marathon and not a sprint. Make a list of everything you want to remodel or update. It is a great idea to invest in an interior designer to recommend the necessary updates. Since the designers hold ample experience, expertise and knowledge regarding the same and you sure see them come up with oodles of professional ideas for improvement. Smallest ideas like the change in the color of the paint, a floor change or a change in your kitchen can go a long way in enhancing the value of your house.
PAINTING YOUR HOME
Preparing your walls or applying a coat of paint to your home is one of the simplest, easiest and the most cost-effective ways to add a value to your home. Re-painted homes look fresh, updated, clean and are sure to spell value. The return on investment on your paint job is considerably high. Neutral color’s aid you in making quick money because these color pallets are likely to appeal to most buyers. Neutral hues undoubtedly appeal more to people than the strong and bold ones.
You must also consider painting the exterior of your home. Curb appeal is very crucial since you are keen on impressing the buyers from the very time they view your home.
The front door of your home is the point of focus of the exterior of your home. If your front doors look tired and swapping it with a new one doesn’t fit into your budget, a fresh coat of paint is an immediate solution. Top your door with some awesome hardware and you are ready to go!
SOLID WOOD FLOORING
Solid wood flooring is a valuable investment that would magnify the value of your home while increasing its aesthetic appeal. A study conducted by “The National Wood Flooring Association” portrayed a statistical co-relation between resale and hardwood floors. This study suggested that homes that possess solid wood floors hold a 99% resale value. This is a very big number and hence cannot be ignored as it definitely justifies even a fresh investment on wooden floors. Yet another study conducted by the USA concluded that almost 54% of the potential buyers were comfortable shelling extra bones for solid wood floors.
Therefore, keep in mind that a solid wood floor can mean a difference between making a profit and breaking even!
If you have ever fancied doing something unconventional for your kitchen, you must reconsider. One of the upgrades with a great return is upgrading your senior kitchen. The right appliances in the kitchen can make it feel more expensive and finished. Additionally, they completely change the functionality of the kitchen and involve absolutely no construction says Nate Berkus, an interior designer and artistic adviser for LG Studios line of high-end appliances.
Initiating neutral hues for major surfaces like flooring and countertops may turn out to be your greatest return on investment because neutral color palettes are a universal choice. You always have the option of transforming the feel of the kitchen by swapping the accessories on the countertop, dishware, your glassware or anything that can be switched easily.
UPDATE YOUR BATHROOMS
Your bathrooms are a significant part of your home and are even more important if you are looking at selling your home. These small rooms in the house have a bigger impact on their value. So doesn’t update your existing bathrooms sounds like a great idea? From updating your tired fixtures to painting fresh colors, the smallest details at times create a world of difference.
While you do not want to shell a bomb on your bathroom updates and also prefer a neutral space that doesn’t look overpowered by DIY stuff, spending a bit more on lighter details like upgraded hardware to store vanities and a quality towel bar may work wonders.
DECLUTTER AND CLEAN IT UP
A broken mailbox or a messy yard can drive the buyer away from your house. While a house that is spick and span can magnet buyers. Do everything it takes to beautify your property. When it is the time to sell, it is remarkable what normal cleanliness, decluttering and maintenance can do.
By making cleanliness your priority, you are aware of maintenance issues which you tend to spot even before they prove expensive. A clean house is healthier for both your family and yourself. You can also employ a cleaning service to do the job and keep your home sparkling at all times.
By implementing the above key improvements you can make sure that your property is more valuable or saleable. Some upgrades may considerably add more value to your home than the others.
It is important to note that the paybacks mainly depend on the kind of projects you choose. While it may also turn out that a few of these tricks may not actually increase the value of your home directly, but still prove to be advantageous as they hold a strong probability of surging the value of your home in the minds of the potential buyer.