Home Improvement

Renovations To Increase Your Home Value

By March 20, 2019 No Comments

Home improvements and renovations not only increase the comfort level but also ensure increase in your house value which helps you recoup the investment made on enhancements. No matter the reason, you don’t want to waste a huge sum of money on changes which don’t add value to your dwelling. This article focuses on the top yielding renovations and reading this will really help you choose a better project, suiting your expectations.

If you aren’t quite ready to make these improvements yourself. There are many companies which can help you along the way. Handyman Hunter offers electrical, plumbing, garden and construction work, so can be a one stop shop for home renovations.

Landscaping

Starting off with the very first view your house has to offer, landscaping can help you attract buyers and a great garden can make a really good impression. As they say “first impression is the last impression”. Landscaping services can cost a lot but if you devote a little time of your day to your garden and make the improvements yourself, you can save a lot of money and fall in love with your garden.

Get tips from your colleagues, friends or anyone who loves working in gardens. It’ll help you do the major work yourself. Add an array of flowers and plants to add color on the front. Add a walkway navigating through the lush green garden to make it look startling.

Exterior

Exterior plays a vital role in valuation of your home. Even a trivial detail, such as rusty railing can impact the valuation. Examine each and every feature of the exterior to find anything which deteriorates the look. Stained, old, awnings or rusty knobs can be a major turn off. Replace such items with fancier and durable models to elevate the value of your house.

Kitchen

We know tweaking the kitchen sounds expensive but even a minor change aligned with the rest of your house can give you more 100% return. Replacing the old lights with the fancier ones and upgrading the appliances to eco-friendly models, you can make your kitchen look exotic. A little bit of sanding and fresh paint for cabinets can revitalize the look. Choose a color which complements the furniture and floor color or pattern.

Replace windows

These days buyers shop for homes with energy efficiency in mind. Old, drafty single pane windows are a major turn off. Energy stars claims that adding Energy stared-rate windows can save up to 500 dollars a year in heating and cooling costs by making your home more energy efficient.

For hot climates, nowadays low –e glass that reflects heat. For maximum efficiency, argon gas is added inside the pane to prevent heat and cold transference within the window.

New windows can do a lot to freshen your home’s appearance, while also eliminating drafts that can quickly turn off prospective buyers when you decide to sell. Furthermore, to give a fresher look you can change only the glass but not the frame and save up to 25 percent by partially replacing the windows with window inserts that fit inside the existing frame.

Install the hardwood floor of your dreams

Hardwood floors are pricier to install than wall to wall carpet, but they look more elegant and in the long run may actually save money too. Carpets last only about 10 years, while hardwood floors typically carry a warranty for at least for at least 25. In other words, you would be on the third carpet by the time you even need to think about replacing a hardwood floor.

To make sure your floor lasts, sweep and vacuum regularly, apply a protective coating every three to five years.

Change your color scheme

More than two thirds of real estate agents recommend repainting the inside of your home before putting it on market, according to a 2017 survey by home – renovation website Houzz.

Other studies have shown a fresh coat in the right shade can add thousands to your sale price. In recent years, neutral tones like gray, beige and griege, a mix of two have been popular, according to National Association of Home Builders.

If you’re willing to do the job yourself-and there’s no reason you shouldn’t- repainting is one of the cheapest ways to spruce up your living space for prospective buyers or your own enjoyment.

A 10 by 12-foot room with 8-foot ceilings would require one gallon per coat, and this is something that is pretty much affordable nowadays.

Roof replacement

Roofs do need replacing eventually, and the consequences of waiting could be very costly, including ruined walls, mold, and mildew stains. Most experts say you only receive 55 to 60 percent of the cost to replace a roof when you sell your home. Conversely, a damaged roof or an old roof may turn prospective buyers away. A new roof can make your home look crisp to prospective buyers, and help you stay competitive in market.

Room additions

Adding a room to your home can easily cost thousands of dollars. If you build a new master suite, you might see a 66 percent return on your investment. And adding a family room can return 62 percent or less investment. Many budget minded buyers don’t want to heat and cool a huge house.

However, adding another bedroom to your home is the only exception to this rule. An extra bedroom makes your house appealing to a whole new group of buyers. Experts say that money should be saved for renovations for dividing a large space with a wall in order to form an extra room. In order to qualify as other room, the room would need some additions, including a window and closet or you can consider bedroom interior design ideas on budget.

Your builder can help you navigate complicated building codes to determine the requirements for building a bedroom. If the room doesn’t qualify as bedroom for the real estate listing, list the new spaces as a bonus room instead.

Deck, patio or porch addition

Small improvements can make the biggest impacts in the end. You can create an eye appeal to your house with fancy pots for plants on your porch, patio and deck. Make sure your porch railings are and appealing and hide unattractive air conditioning units with wooden trellis to boost your profit margin. Another great improvement is giving the courtyard a charming entry with an inviting gate.

Remodeling the basement

You can get on average a 90.1 percent return at resale for basement improvements. You must always fix the flooding issues first.

When finishing walls, remember to keep drywall panels a half inch apart from concrete floors so they do not absorb moisture. For a wet bar, purchase 10 linear feet of cabinets, a laminate counter top, a stainless-steel drop on bar sink, and an under counter refrigerator.

Living room improvements – Décor

Decor is needed to add value but can be costly. Some ideas are adding crown modeling that compliments the window trip and floorboards. You can even make the room feel larger and contemporary by shifting the furniture away from the walls. To make the room more appealing you could place the furniture around a feature you want people to notice such as a fireplace.

Add a memorable feature

One or two memorable features that add a real wow factor to your property and set it apart from others for sale in the area will add a significant premium to your sale price.

Many simple features can be added easily and cost effectively, providing they are planned and undertaken thoughtfully. Remember to work in sympathy with the building in terms of scale and period.

Add bathrooms/shower rooms

This is often a good investment, especially if it creates an suite to the master bedroom. Extra bathrooms can be added by remodeling existing space or by extending. Ideally there should be WC facilities on every floor that has bedrooms, so if you are converting the attic, try to include at least a WC, if not a full bathroom. Check out this post if you are looking to remodel your bathroom, or make some budget bathroom adjustments.

In a traditional two story Victorian or Edwardian terraced house, moving the downstairs bathroom upstairs can add value, but beware of losing a bedroom.

Create off street parking

Creating one or two parking spaces in front of or alongside, a property can add significant value, even if it means sacrificing part of even of a front garden.

For many buyers, a well-designed, low maintenance drive is more valuable and appealing than a garden they never use.

If a road is unclassified i.e., neither A nor B road, then you will not usually need planning permission to create a new vehicular access onto your land. You must however, comply with the local authority highway regulations for the construction of the drop kerb, and details such as visibility splays.

You must also check that you have a right of way to cross over any land that you do not own e.g. a grass verge. You can check ownership via HM Land Registry at a nominal cost per search.

Restore or enhance the building’s character

Inappropriate alterations or additions to a property can depress its value and so it follows that removing them can add value. Removing the following is likely to be good investment

  • Polystyrene ceiling tiles
  • Pine cladding
  • Internal stone cladding
  • Textured ceiling or walls
  • Plastic fake beams or beams that stand out (in the bad way)
  • Poorly laid laminate flooring
  • Mismatched period details such as moldings or fireplaces
  • Flush doors
  • Windows that are worn
  • Inappropriate porches
  • Conservations with a flat polycarbonate roof

Restoring or replacing the following will add value

  • Original or period style fireplaces
  • Decorative moldings
  • Paneled doors
  • Polished floorboards
  • Appropriate style windows
  • Stair banisters and handrails
  • Knot free paneled doors
  • Concealed timber beams or beams concealed behind masses of black paint.

In conclusion, the key is to find out about the buildings’ origin and the way it was constructed and to work symbiotically with this, whilst avoiding being sentimental.

 

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