Every house is an investment, even if it’s one you plan to live in indefinitely. Owning a home offers security and can imbue your future with a sense of comfort. But how do you make sure you get the most out of your investment? Here are some home improvement ideas to help you increase the resale value of your home.
Giving your home extra storage space is one of the best and easiest ways to increase your resale value. Creating space is something you can do yourself. If you live in cramped quarters you can add shelves higher up the walls to keep your rooms from feeling cramped. Placing custom shelving in the master bedroom closet is another bonus that may increase the resale value of your home at little cost to yourself. Adding hooks for coats, scarves or towels can free
up closet space and make bathrooms more convenient. A clean home that doesn’t look cluttered and has ample places to store goods is infinitely superior to a home that seems claustrophobic.
Update the Outdoors
Often overlooked, the outside of your home is just as important to improve as your living quarters. If your home does not look nice from the outside, it will become easy for potential buyers to look at the next home. A new front door can offer an increased return on investment. If you’re not convinced that replacing the door is necessary, a new coat of paint can also be transformative. If you are looking to invest in roof repair, there are several things to be aware of. It is prudent to get quotes from multiple companies to make sure that you’re not being overcharged, or getting unnecessary “repairs” designed to drive up the overall price. Getting estimates from several companies can give you a fair indication of how much the repairs or replacement should cost.
Make Your Home Green
Obviously, this isn’t about paint. By making your home more eco-friendly, you may be able to increase your resale value. There are various ways you can accomplish this, from getting new, energy-efficient appliances to adding insulation. New insulation can keep your home cool in summer and warm in winter, which in turn saves the homeowner money on their energy bill. Energy-efficient appliances offer a similar enticement for potential buyers, but also have the added benefit of saving you a bit of money while you live in your home. Look into any state or city incentives that may be offered for such appliances, as you may recoup some of the cost.
Convert Your Attic
Attics, and some basements, are what are called “dead space” in your home. They have the potential to be big draws on the market if you take the time and invest some capital into transforming them into living spaces. There are many ways you can transform these spaces. You could create an office space, a rec room, or even an additional bedroom. You can make up almost 80 percent of the conversion cost, which is an excellent return. Attaching a restroom to your bedroom will be a substantial investment, so make sure you look at the overall costs of adding plumbing before deciding on your venture.
No matter when you decide to sell your house, it’s never too soon to start thinking about increasing your property’s value. Not only do many of these home improvement projects usually earn a good return on investment, but they can make your life better while you enjoy your house. From extra storage space to a lowered energy bill, you can create an environment that serves you both now and in the future.
Article provided by Bret Engle from DIYGuys.net.