Home Improvements That Double Property Value
There are many different reasons why you may want to make home improvements. In most cases people just want to make the home more beautiful. However, in others, the goal is to increase overall property value. If you fall into the latter category, here are some great home improvements that can even double the value of the property.
Add An Extra Bathroom
This is usually the best home improvement you can make if the goal is to increase property value. You can ask every single plumber in Somerville, VIC and every real estate agent you can find and you will have the exact same answer. The ratio of 1 to 1 between bathrooms and bedrooms is considered to be ideal. Having an extra bathroom basically increases functionality. This automatically increases resale value.
The problem is that many homeowners do not realize that there are places where extra bathrooms can be added. For instance, some underutilized closets or basement space can be used for that extra bathroom.
Adding New Flooring
If the home features many carpets and an overall outdated flooring system, it is a very good idea to look for more modern features like tile floors and hardwood floors. These are great as they add warmth, bringing in a great return on the investment made. Some of the options that are really easy to clean are tile, laminate and hardwoods. They are preferred as they do not attract too much dirt and dust. In fact, if you are suffering from allergies, you need to consider these options first.
Adding Modern Flair
It is always a good idea to look at what is popular in interior design as you make home improvements. For instance, retro and mid-century modern are highly preferred right now. Many homeowners do not consider making style changes as they think this would require too much money. In reality, you just need to add some trendy design elements in order to create the “cool” factor.
As an example, you can hang antique barn-doors instead of closet doors. Light fixtures can be updated with some retro fixtures that utilize Edison bulbs. You can always find some home improvements that are perfect and that you can do, no matter the available budget.
Adding A New Floor Plan
The floor plan is highly underestimated in terms of valuation. It is quite possible that it would turn off the potential buyers in many cases. The modern buyers are interested in modern floor plans, like the open concept, one where kitchens are open towards family rooms. In most cases the only thing you have to take is to knock out a wall and you get a much better, more attractive floor plan. The only problem is that you should never start such a project if you do not know what you are doing. Also, remember that when making floor plan changes, there is a possibility that you will need some sort of approval from the local authorities. Being aware of the building code is something that is necessary.
I hoep you have eenjoyed this post on Home Improvements That Double Property Value and found it useful. You might also like my post on inexpensive ways to increase your property value and unusual ways to attract wealth into your home
pin for later…