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B4
Realty Offers
Tips for Simple Upgrades of Your Home to
Potentially Increased Property Value
A home is arguably one of the
largest financial investments a person will make
in their lifetime. While property values over
time are determined by national variables, the
economy and local market conditions, the care
and upkeep of a property is also a crucial
element toward achieving a solid re-sell.
Whether you are planning on adding more rooms to
create extra space, upgrading your kitchen with
new appliances or are thinking of putting your
home on the market, B4 Realty
offers some essential home improvement tips that
might increase the value of your home.
Kitchen Makeover: Out of all the rooms in
the house, these days the kitchen is the most
popular to remodel. Kitchen makeover trends
include adding dual sinks, cooking stations, under-cabinet lighting,
warming ovens and wine coolers. An open kitchen
design is preferred by most people. This may
include taking a wall down and increasing the
size of the kitchen. Please have a professional
perform this task due to the structural integrity
of the house. A simple upgrade
could include new flooring, painted or
re-stained cabinets, new or painted counter tops
and of course don't forget the appliances. To
step up to the next level could include ceramic
tile flooring, and stone or tiled
countertops.
Bathroom Fixer-Upper: Upgrading a
bathroom is also a sound choice and will usually
provide a significant return on investment.
Large bathrooms are typically on the top of the
list of priorities for those seeking to purchase
a home. Adding skylights, glass block windows, and sunken whirlpool baths are also
attractive selling features. If you don't have
the room to expand or to accommodate larger
appliances, or you don't think you'll be living
in your home long enough to enjoy the changes
and/or see a return on this kind of investment,
stick with neutral, mid-builder level updated
cabinetry, or painting the old cabinets for a
more simple renovation. This should include new
hardware to give a complete updated appearance.
Refreshed flooring and shower/tub, or
a new sink and toilet. If your budget does not
include a new shower or tub these can be painted
to any color or design available.
Room to Grow: Adding a room or two, such
as a spare bedroom or a study, is a significant
home improvement that you will be able to take
advantage of every day. In addition to the
much-needed extra space, it can also potentially
provide you with a good return on your
investment when it comes to selling the
property.
Landscaping the Lot: A professionally
landscaped yard can certainly increase the
"curb appeal" or desirability of a
home. In fact, beautifying your lawn can be one
of the most inexpensive home improvements.
Additional simple landscaping projects include
trimming and edging the grass, manicuring the
trees and shrubs to open up the view of the
house, removing any dead plants and planting
flowers to brighten up the yard. Include mulch
in the flower beds to bring everything
together.
Repair Jobs: While many homeowners may
want to update and remodel their kitchen, if the
roof needs fixing or the chimney has to be
reappointed, then they should prioritize these
necessary repairs over any cosmetic changes.
This applies to both sellers and those who plan
to stay in the home for years to come, as these
essential repairs must be taken care of before
they cause the house to lose value. It is vital
to look after the minor problems such as a leaky
faucet or a loose cabinet to ensure that your
house doesn't undergo any long-term damage. As
soon as you notice a problem, fix it since this
will help avoid a larger expense later on.
Cosmetic Touch-Ups: A paint job, new
double-paned windows and new carpeting will
increase the price of a house virtually
dollar-for-dollar. Neutral colored paint and
eliminating clutter can make a world of
difference. However, don't go overboard with
home improvement projects that will push a house
too much above the current average value of
homes in your neighborhood. It is important to
make sure that your home has standards that are
in-line with the other houses in the
neighborhood, but you do not want to price
yourself out of the market.
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