4 Home Remodels That Increase Property Values
Remodeling your home can be an excellent way to make it more comfortable and to increase its market value. However, some upgrades will have a higher return on investment than others. Let’s look at some projects that you should strongly consider when it comes time to upgrade your property.
Upgrade the Bathroom
The bathroom is a space where you and others spend a lot of time during the week. Adding a heated floor or heated toilet can help you to look forward to starting your morning routine when it’s cold and dark outside. Installing a bench in your shower could make it easier for those with disabilities to get clean without putting their health at risk.
Photo by SINGLEPOINT DESIGN BUILD INC.
Remodel the Kitchen
If you’re looking to attract buyers to your property, make sure that the kitchen looks like it was built in the 21st century. A custom kitchen remodel could make it possible to add a commercial stove, refrigerator, or pantry to your home. This can be ideal if you run a food business from your home. You can also make this space look fresh and modern by adding new lights or by refinishing the cabinets.
Finish the Basement
A finished basement can add hundreds or thousands of square feet of living space to your home. Since homes tend to be priced per square foot, adding this living space means that you can charge more for the home. In most cases, you will need to install a dehumidifier or take other steps to get rid of moisture when finishing a basement. Eliminating moisture from a basement may help to make the rest of the home less humid and less prone to pest damage throughout the year.
Paint Interior and Exterior Surfaces
In some cases, you can improve your home’s value up to $4 for every $1 that you spend painting a front door, garage door or interior wall. Furthermore, simply changing the color of a front door or living room wall can transform the look and feel of your home. This can be ideal for those who want to improve their property without spending several weeks or thousands of dollars to do so.
Making repairs or upgrades to your property should be considered just another part of being a homeowner. However, making improvements can make it easier to keep utility costs to a minimum or make it easier to stay in the home as you age. Even if you’re not interested in selling, improving the value of your home may provide more equity to borrow against in the future.