Home Remodelling: 5 improvements to increase Home Value

 

 

If you’re about to put your home up for sale – whether you’re using a traditional estate agency or you’re planning to sell it by using an online estate agent such as eMoov – all will agree that there are some improvements that are likely to increase the value of your home. So, if you’re planning a little home remodeling, here arefive of the best improvements that you may want to consider.

 

Remodel the kitchen

As the kitchen is considered by many to be the heart of the home, updating this room will always be a wise move. In fact, you could recoup anything from 60%-120% of your investment in a new kitchen, as long as you don’t spend too much money. Remember to always keep your new kitchen in line with the rest of your house and the property as a whole, rather than investing in a super deluxe model, which leaves the rest of your house looking slightly dated. If you really want to sell your home, keep potential buyers in mind before you go ahead with any remodelling project, as many people won’t pay for a fancy, deluxe version.

 

Add another bathroom

If you only have one bathroom in your residence, incorporating another can add value to your home, often recouping up to 80% to 130% of the installation price. Even if you don’t think you have the space to add another bathroom, you can often find the necessary space in closets or under the stairs. You’ll need at least 30 square feet if you want a full bath, while 18 square feet should be enough for a half-bath.

As with the kitchen, don’t make the new bathroom fancier than the rest of your home, and remember to make it classic and neutral to attract more buyers.

 

Reinvent a room

If you’re struggling for space, adding an extension to your house is an expensive option, and has the potential to go over budget. It’s much simpler to change the use of existing space in your home, such as making a basement habitable, or converting the attic into an extra room.

 

Add energy efficient windows

Energy efficient homes are becoming more and more desirable, so if your house still has its original single glazed windows, you may want to consider adding Energy Star-rated windows. Not only could you save money each year in heating and cooling costs, but they will give your home a whole new look too. You can expect to recoup anywhere between 60% and 90% of installation costs plus, if you install Energy Star-rated windows, you could be eligible for a 10% green energy tax credit in the US.

 

Build a deck

As outdoor spaces become increasingly more desirable, adding a deck to your property can be a real selling point. By making your deck and your backyard a place where you’d like to spend your leisure time, you’ll add instant appeal for prospective purchasers. While the cost of adding a deck can vary widely, depending on the size and how fancy you want to make it, you can save money by doing it yourself, especially if you have DIY skills.

 

 

 

 

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