Whether you have bought a piece of real estate to fix up and flip for profit, or you are looking to improve your own home in preparation for when you sell it in the future, adding value to a house is a key consideration for many people. There are lots of different ways you can renovate a property, but not all are equal in terms of the return they will give you for your investment. To help you out, here are some ideas for how you can improve both the comfort of your house and its value.
This is arguably the most important job in any renovation project. There is no point in working on cosmetic upgrades when the underlying structure of the property is problematic. Tackle any concerns with damp, leaks, or other similar difficulties first before moving on to the other items on this list. Sometimes these sorts of issues can require a lot of money upfront to fix, but a real estate finance company, such as Sachem Lending, can offer loans to help with property renovation if you need it. At this early stage, boosting the energy efficiency of your home through insulation or new windows can also be a great way to add value.
For many households, the kitchen is the beating heart of the home, where we cook, eat, socialize, and much more. Outfitting yours as an open plan kitchen diner with new flooring, worktops, cabinets, and appliances will go a long way towards adding value to your property – although remember to keep the design in line with the rest of the house so it does not look out of place like a restaurant kitchen!
Bathrooms often get overlooked because we do not spend as much time in them, but an old-fashioned style can still really put buyers off. Upgrades such as underfloor heating and a rain shower, in addition to modern fixtures and a luxurious design, can work wonders in transforming the space. If you can add an extra bathroom or an en suite to the master bedroom, this will provide the biggest increase in value.
One of the most effective ways to boost the value of a property is to add more useable square footage to it. Remodeling a basement is a fantastic way to achieve this, whether you want it as a second living room, a space for the kids, a game room, home gym, or anything in between. If you are looking to sell soon, keep the room versatile so that potential buyers can easily picture themselves using the space in different ways.
Another way to add more space to your property is to convert the attic into a useable room. Again, the options for this type of space are huge, from another bedroom or living area to a home office or crafts room. Remember to make the most of the architecture and opportunity for natural light in order to create a truly beautiful design with lots of appeal to potential buyers.