If you want to add value to your home before placing it on the market, there are numerous ways to do that. However, the things that you may think that will be great to change maybe won’t have that result. In order to increase the value of your property, you have to look at it through the eyes of the home buyer. The key is that renovation pays off. Meaning that the changes are just right to make a potential buyer match your offer. This guide will show you what are the most payable renovation investments which can boost the value of your home.
Add value to your home by adding a bathroom
Housing surveys show that bathrooms have the biggest effect on a home’s value. Any real estate agent can vouch for that. You can even ask your reliable movers NYC who helped you move, and they will confirm that since they are in touch with people looking for the new homes all the time.
The small homes with more bathrooms are selling much faster than homes of the same size in much better condition. Which does make sense from a practical side. Even a family with just two members can benefit from the second bathroom more than once.
So the best way to add value to your home is by adding a bathroom. If you have space for it, that is, However, adding a tiny half- bathroom with just a toilet and a sink can make a big difference in your home price.
That said, while adding a new bathroom will certainly increase the value of your property, it will be an expensive investment. Fortunately, it’s possible to do on a budget if you plan it correctly.
Renovating an old one
Nothing can lower your home price like the old, rusty bathroom. If you have one of those, the first on your list will be renovating it.
It can be a really pricey task since it may involve:
- Moving sanitaryware
- Possibly relocating or replacing of soil pipes and water inlets
- Changing tiles
- Adding a new shower/bath
The most costly will be changing your old tiles since removing them can expose a lot of issues that you weren’t even aware of. Like rusty or leaking pipes. However, if you’re lucky enough and your bathroom only has esthetic problems, renovating your old bathroom doesn’t have to burn a hole in your budget. Either way, it something that has to be done if you want to add value to your home.
If you’re living in Manhattan, you can contact your moving company Washington Heights for recommendation about the affordable, yet reliable constructors. Since the main focus of moving companies is customer satisfaction, they tend to be informed about the services that the clients may need after the relocation, so they can provide you really valid recommendations.
Remodeling a kitchen
Kitchen is the second thing that potential buyers the high regard off. Its size doesn’t always have to be the determining factor, but its functionality is crucial. A kitchen can be small and yet very easy to use, while a big kitchen can have a totally unpractical layout.
The cooking area is certainly important, but there isn’t need to go overboard with expensive design or fancy cupboards. Functionality is the key, and a nice-looking kitchen doesn’t have to come at the great cost at all. There are some great cost-effective kitchen renovation projects you can do and stay within your budget at the same time.
Additional tip: If you want to add the value to your home, new kitchen appliances are always an attractive feature.
Repurposing the basement can add value to your home
If you’re lucky enough to have a cellar in your home, that is a feature which can increase the value of your property. However, it will probably need some remodeling for that to happen.
There are some basement renovation ideas to consider, and one of them can maybe perfect for your space. The important thing to remember is that when you have the basement, you have additional space which can be transformed into something very functional.
On the other hand, this can be a low-budget renovation task or the ones which will blow your budget to the roof. The thing is that you don’t know what to expect until you start with the project.
Renovation of the bottom of your home can reveal:
- Dangerous mold
- Exposed wires
- Leaking plumbing
- Pest infestation
- Structural weaknesses which are putting your entire home in risk.
Or everything can be in perfect order. It is a gamble with 50-50% chances.
But either way, it will pay off big time, since finished basement will be adding significant value to your home.
Surely, for this kind of project, it is necessary to hire remodeling contractors for a smooth renovation.
Replacing aging or damaged windows
It is common knowledge that natural light has health benefits, so it’s no wonder why brighter homes are selling more quickly. If you’re intending to replace aging or windows with damages, think about the ones that are providing more light.
Such windows will make any home look bigger, welcoming and even newer. It is a simple trick that can add value to your home instantly. Also, it is a good move, not just for aesthetic reasons. Old windows can leak heat and let in cold air, which is very off-putting for the buyers and even can be a deal-breaker.