If you are thinking of making improvements to your home so that it is worth more, you need to be careful about which renovations you perform. Just because it looks nicer does not mean that other people are willing to pay more for it. Some home improvements will not add to the value of your home.
Frequently, even though making home improvements will add value, you still may not completely recover the cost of it. However, it is possible with some remodeling. Getting it right requires that you talk to the right people from your area that can best inform you, as it may vary.
Six renovations that you can add to your home will make a difference, letting you sell it for more when you are ready.
1. Remodel the Kitchen
The kitchen is often the one room that can make or break a home sale. It needs to look good, but you want to avoid going too far. It should be modern but kept in a similar style to the rest of the house, so it does not appear out of place. When updating the kitchen, you should avoid making upscale modifications as you will unlikely recover the cost. The most valuable changes you can make include adding new cabinets and countertops and getting new appliances.
2. Add a New Bathroom
If your home does not have a convenient amount of bathrooms, adding a new one can increase the value of your home. These can often be placed in underutilized areas or added to an existing room if space is an issue.
3. Finish a Basement
Exercise care when choosing this remodeling project. You do not want to go overboard with the modifications. Avoid changes involving built-in features that are excessively big. This way, a new owner can easily make the changes that they want.
4. Replace Old Windows
People today want the convenience of energy efficiency. Replacing your old drafty windows and frames with a modern look and better energy rating will make your home more desirable. You can recover much of the cost and get a green star tax credit for 10% of what you spent.
5. Putting in a New Room
It can end up being very expensive to add a new room to your home. One type of room that will add value is a bedroom – but not a new master bedroom. People find it convenient to have an extra bedroom. You could add a new bedroom above your garage or put one in the basement for your parents.
6. Add Better Insulation
One addition you can make that will enable you to save money each month is adding better insulation. If your home is drafty and expensive to heat or cool, adding insulation can reduce utility costs. Insulation is inexpensive, and putting it in your attic can make a difference. Putting new caulk around the windows and doors will also help the air in your home to be more comfortable.
The best way to be sure that a renovation will be worth it is to talk to one of two people: a general contractor or a real estate agent. Be sure to consult with one familiar with your area before building to ensure that you can recover much of the cost, ultimately adding value to your home for you and potential buyers.