Nowadays it is well known that not always the most comfortable or cozy improvements you can do to your home would add more value to it. Even if it is about a beautiful terrace or a dazzling finish at the gate, it does not necessarily mean an increase to the value of your property. So, here we will show you what kind of home improvements will increase its value if you are planning to sell your property.
Remodeling The Basement
Remodeling your basement in order to add usable space is one of the best ways to increase the value of your house when you decide to sell your home. In fact, basement renovations increase the final sale price of your home by more than 76 percent of what you spent on the project.
Here is a short list of rooms your basement can become if you choose to renovate it:
- Sports room: Big screen TV to watch a match, overstuffed couches and cushy carpeting
- An additional bedroom with a bathroom for guests.
- Lounge: Pool table, a bar and a poker table.
- Wine Storage.
- Children’s play area: A play set, soft furniture, arts and crafts table and bins and shelves for toys and books, a little and cushy bed.
Remodeling The Kitchen
Like basements’ improvement, remodeling your kitchen is the second (and the last) best way to add value to your house. Here it is important to say that, a modest change to your kitchen can recover more of their initial outlay, while a major improvement project could pay back almost 76 percent (same as basement) of what you spent.
But why is that so? Well, kitchens tend to be the core of a family home (where housewives would be most of the time) so anything you do to improve your kitchen will add value at the end as long as you don’t go overboard.
What does this mean?
It means you should not invest in deluxe kitchens that could be fancier than the rest of the house because too much customization in a home turns potential buyers away. It is better to invest in energy-efficient appliances than a US$ 10.000 oven that could fit better in a restaurant instead of a home.
Add a bathroom (or more than one)
The number of bathrooms you would need to add would depend on how many room you have at your house. As it happens with the kitchen, do not spend in luxury bathrooms or fancy appliances that will not give an extra value such as whirlpool baths. Even a half-bathroom will be useful and will attract potential buyers.
Indoor systems replacements
If we are talking about your home has more than 30 years built, it would be good idea to invest in changing the wiring, piping and plumbing, because these pieces get always damaged as time goes by. These upgrades will give a good impression to your potential buyers.
Keep your house clean and healthy
Get rid of molds and all those problems some houses could develop because of lack of maintenance. Potential buyers will look for a healthy and safe place for living.
Convert your attic into a new bedroom
Converting unused space in your attic into usable space such as a bedroom gives an additional option of a living place. It also makes your home more attractive to buyers who would need an additional sleeping area. Furthermore, an attic bedroom could be used as a home office if the bedroom was designed for guests.