Whether you are thinking about putting your property on the market, or just want to make your residence more comfortable, there is no denying that remodelling and renovation projects can boost the value of your home.
However, if you are feeling overwhelmed about where to start, it is important to understand which home improvement projects are most likely to be worth your time and money.
So, let us discover 3 home improvement ideas that can increase your property value.
Upgrade Your Kitchen
In most properties, the kitchen is the hub of the home. Essentially, this means that investing in a kitchen remodel is highly likely to pay off. There are some necessary caveats though. For instance, when renovating a kitchen, it is important to stay in line with the rest of the house and your surrounding neighbourhood. The style, size, and quality of your kitchen should fit in with your house, and so this usually means avoiding creating a space that feels too luxurious or that looks out of character when compared to the rest of your property.
In most cases, a fresh coat of paint might be all it takes to improve the look of your kitchen. Not only is paint cheap to buy, but it can also play a huge part in modernizing your home. Just be sure to purchase low-VOC paint as this can give your kitchen an eco-friendly quality. Similarly, replacing older appliances with energy efficient models that are better for the environment can also make a big difference. You can learn more about what to think about when upgrading your kitchen by checking out these Home Remodeling Tips.
Add a New Bathroom
If your home currently has only one bathroom, you might be interested to learn that adding another can allow you to recoup an average of 60% of your overall spends. Not sure if you have space for a new bathroom? Start by looking at any extra rooms or underused spaces. Closets and areas under the stairs are a popular choice for adding a small toilet and sink. In terms of adding a half bath, you will need at least 18 square feet, whereas a full bath and stand-up shower will need at least 30 square feet. Additionally, bathtubs need approximately 35 square feet.
As with any home improvement project, the cost of adding a new bathroom will depend on the price of any additions and accessories you choose to include. If you are looking for more affordable pieces, then you can often purchase ex-display model sinks and toilets from home improvement stores at a dramatically reduced price. Accordingly, bathtubs, doors, and other fixtures and accessories can also be purchased in restored formats in stores and online. If you are in no rush to complete your bathroom, you might even want to shop around for your materials and then wait for a sale before making any final purchases.
Repurpose a Room
Reinventing an existing room in your property is a fantastic way to breathe new life into your home. It is no secret that adding square footage to your home can be expensive, especially if you encounter any unexpected problems along the way. Repurposing an existing space in your home is therefore a cost-effective alternative to knocking down walls and installing new foundations. Stuck for ideas? Revitalizing a room in your property might mean finishing off a basement, converting an attic into a bedroom, or adding an apartment to your garage.
If you are trying to make your home appeal to potential buyers, then it is vital that your rooms are versatile. For example, a basement can be used as second living room, as a gaming room, or even as living quarters for a relative or tenant. Furthermore, attic spaces with high ceilings can be used for arts and crafts, and as play areas for children. Carrying out a repurposing project can often be done cheaply and with minimal effort and so it is well worth looking at underused rooms in your property before carrying out any building work.
Ultimately, there are plenty of quick and easy home improvement projects that can add significant value to your home. Above all, if you are planning to sell your property now or in the immediate future, just remember to pay close attention to the real estate market to determine what buyers are looking for so that you can use these trends to inform your upgrades.
Looking for more home improvement inspiration? If so, take a look at these DIY projects that can give your property a boost.