They say not every home renovation is equal, and, for the most part, “they” are correct about that. You can update and remodel to your heart’s delight, but the fact remains that homes need to have a few major things for their value to increase in the way you want it to.
Throwing some new paint on the walls won’t do the trick. No, unfortunately, if you want to make a buck on your home one day beyond the standard value-raising that most homes go through as you live in them, you need to put some money in now.
It’s not necessarily cheap or easy to pump up home value, but it’s worth exploring your options for doing so. Maybe a little home improvement financing can step in and make it all possible for you.
What kinds of jobs are we referring to exactly? Here are the top three home renovations for increasing your property value.
We’ll start with new kitchens, so often the selling point of any home on the market. Kitchens are one of the most used rooms of any house. You’re in there every day, preparing food in what you hope is a clean, safe, and modern environment. You’d hope that everything around you is updated and ready to be used, and this is exactly what every home buyer is thinking.
So, it pays to update your kitchen with new appliances, new flooring, a new faucet, or even new cabinets if you can afford it. If you can’t, you can also repaint or refinish cabinets to give them a fresh, new look that anyone would want.
Bathrooms are the other rooms of the house where people will spend a lot of time and where they definitely want to feel clean and safe. So, if you’ve got old vanities and sinks that look like they’re on their last legs, you can bet no one’s going to want to buy that.
You can update the shower and tub if necessary while also replacing the other main points, such as the toilet, flooring, and sink. Make things modern and useful, but there’s no need to go overboard. Remember that you want things to be nice but not necessarily so luxurious that no one can afford to pay the raised price of your home.
Finally, think of decks. That’s right, wooden decks that either surround the house if possible or at least extend out to the back or side of the house.
Decks are especially nice if they go into a somewhat more private area where they can’t be seen from the neighbor’s yard. The point of all this is to create more living space, basically. It’s more living space but doesn’t cost as much as adding another room would be.
So, you put some money in but stand to make a lot more from it when you decide to sell. It’s just a smart idea if you’re really looking to capitalize on your home.
Keep all these areas in mind when you go to sell, and you should be able to make a tidy profit.