Most people will move several times before they retire, so home value is an important consideration when you are a homeowner. Before you decide to start a project for increasing the value of your home, you will want to consider your costs versus the value you expect to receive from that project so that you can be sure it will be a worthwhile investment. Not only do you want to improve your home for your present enjoyment, but you also want to know that when it comes time to sell you will see a financial benefit, as well.
Here are some ideas to help you in your decision-making process:
More Space
You will greatly increase the appeal of your property by opening up any areas of the home that are not spacious. Removing walls to create an open floor plan will bring both space and light into play, for example, and will help to make our home feel much larger. Vaulted ceilings are another way to add a feeling of greater space, and skylights will bring desired natural light into any room, as well.
First Impression
It is said that a great first impression of a home for sale can add 5 percent to the sale price. With that in mind, you will want to make sure your exterior paint and all the details are topnotch. All your grassy areas should be well kept and all plants trimmed properly. You may want to consider planting with drought-tolerant varieties since the summers here in Middle Tennessee can be hard on plants that are not indigenous. Not only will this make your front yard look good all year round, but it will save you money. Your deck and porch should be complete with furniture and potted plants, and perhaps some trendy lighting, as well, for a homey and inviting look.
Office Space
A home office is a great asset, with so many people working from home these days. If you have some extra room in your house, consider remodeling this area to become a home office. Adding grounded outlets, data ports, and extra phone lines would be a good idea here.
Deck
This can be one of the most effective additions when it comes to added value; some estimates state that you can recoup up to 80 percent of its cost at the time of the sale of your home. Think outside the box as you plan, perhaps adding desirable features like built-in benches, a fire pit, or perhaps even an outdoor kitchen. Be sure to use high-grade materials to increase the life of your deck.
Kitchen/Bath
It’s going to be a deal-breaker to many home buyers if there aren’t enough bathrooms in your home or if the kitchen is not in the best shape; the costs to a buyer in installing new fixtures and appliances are often prohibitive. Consider the costs of your materials before you start, and make sure that your choices reflect the area your home is in. Don’t install granite countertops if you live in an area where home values won’t allow you to recover your investment, for example.
Interested in increasing the value of your home? Here at Ascension General Contractors, we are experienced in home remodeling projects of all kinds, and we are proud to provide the Nashville community with high-quality home repair and renovation services.
