How Home Renovations Increase Home Value
In today’s world of comfort and convenience, home renovations have become the best way to make your residence the most beneficial for your personal needs. Relocating and purchasing a new home to meet your ideal for a new basement or larger attic is still possible, but far more expensive and choosing home renovations seems to be the more suitable (and cheaper) option. However, is there another benefit to home renovations other than making the homestead more enjoyable? Of course, there is! This article will provide some valuable information as to how home renovations can increase the value of the property. Professional home renovator/builders provide help every step of the way from initial planning and council approval through to completion.
1. Space And Lighting
Dark and concealed areas are a nightmare for all real estate agents as they make the property seem smaller than it may be. It is often the case that potential home buyers are looking for bright, sunny, and spacious residences with open areas. To enhance the space in a home, it is beneficial to renovate darker areas with some natural lighting. One renovation method to increase light would be to insert a skylight or more windows. It may be beneficial to remove a wall or widen the doorway to open the floor plan. All these lighting and space opening renovations can increase the value of the property immensely simply by creating an “open” environment.
2. Building A Deck
In addition to larger indoor areas, the outdoor environment can significant to potential home buyers. By outdoor, I’m not referring to the garden, despite the yard maintenance being an important factor to consider. No, when referring to the exterior in this instance this guide is pointing to the use of a deck. Deck builders like Just Decks (Gold Coast) are in demand as decks, patios and pergolas are highly popular at the moment as they provide people with the ability to enjoy the outdoors while on an indoor living space. As part of home renovations, creating an interesting deck can increase home value as it will improve the aesthetic of the property and entice those who are interested in entertaining guests with a Sunday barbecue.
3. Increasing Curb Appeal
Keeping with the exterior attraction factor, home renovations focusing on the exterior of the property can increase the value as it attracts individuals by merely existing. This is known as ‘curb appeal’ and is a factor many homeowners tend to ignore. Real estate agents have noted that a good first impression can add as much as 10% value to the property and increase the viewers’ interest accordingly. By providing the exterior of the home with a paint job or a power wash, you are not only giving the house a ‘facelift’ but also making it more appealing to onlookers.
4. Painting The Interior
Arguably one of the simplest and least expensive methods to increase the value of the property through home renovations is by painting the interior. A fresh coat of paint is, needless to say, an easy way to brighten the home without the need for extensive renovations. For example, a quick painting of kitchen cupboards and cabinets can restore the area without having to spend money on a new kitchen. However, it is important to choose the correct colors for the different areas in order to enhance the rooms. Neutral colors are more appealing to potential home buyers as they are less startling and easier to imagine one’s designs.
One of the most effective ways of adding value and improving street appeal is to restore and paint your tile roof. Once completed the results are stunning!
5. Finishing The Basement
Nowadays, the basement is one of the most important areas in the home as it can be used for a plethora of different functions and where the plumbing is often located. Many potential home buyers will review the basement and determine if it is suitable for their needs before making an offer. To attract buyers, and increase the value of the property, it is recommended that the home has a finished basement suitable for living room or a recreation space.