Whether you want to sell your home or you want to stay in it for a long period of time, an improvement project or a remodel should be on your mind if you want to increase the value of your home. There are many types of home improvement techniques that do not add value to your house, however, there are some that increase its overall value on the market. Before you even think about doing a remodel or some form of home improvement, it is a good idea to consider thinking about how much money you wish to spend on such a project.
A remodel can range from 1000 dollars to something like 100,000 dollars. However, it is your choice how much you wish to spend and on what you wish to spend it on. If a new coat of paint is all that you are looking for, it will not cost you a lot, however, if you are considering adding a whole new floor to your house, then it will cost you thousands of dollars.
Consider reinventing or remodeling your basement, living room, or even convert your garage into an apartment and give it out on rent to earn some cash. Start with a fresh coat of paint that makes your room look big and then add furniture that complements the paint color you have chosen. Follow that by adding accessories like lamps, light fixtures, tables, and sofas to make the room look whole and complete. You will be surprised how much new and modern your room looks when you do such things. At the end of the day, a fresh coat of paint is all you need to start things off. Get the room painted and move forward according to it.
A remodel or improvement could range from adding a simple leather sofa to an outside pool in your backyard. Today, we are going to share with you some house improvement ideas that everyone should know, so you can apply these ideas to your home and hopefully, increase its value and increase your quality of living.
Remodeling the kitchen is the first thing to do if you want to increase the value of your home. According to researchers, you will be able to recoup around 60-80 per cent of the amount who have spent on remodelling a kitchen, as long as you stay in the limit and don’t go overboard. The best option would be to avoid making your kitchen fancier than other rooms in your house. Following are the dos and don’ts of a kitchen improvement project;
Avoid Investing in a Deluxe Kitchen
For example, there is a historic home in the neighbourhood that has been on the market for several years, but it has not been sold yet. As the home was built in the 1900s, there is a lot of charm in the rooms of the house, other than the kitchen. The owner spent about 70,000 dollars remodelling and improving the kitchen. The kitchen has new appliances and the overall feel and aesthetic of the kitchen is new and modern. When comparing the kitchen with other rooms in the house, it looks out of place and this is the reason the house hasn’t been sold till now. This is a good example of how you should not go all out in getting a deluxe kitchen which is more modern and bigger in size, compared to other rooms.
Get a Fresh Coat of Paint
When it comes to how much money is needed to remodel a kitchen, it can range from 2000 dollars to 75,000 dollars. However, you can get the biggest bang for your buck and make the kitchen look new by getting a fresh coat of paint. Getting a room painted is very cheap. Consider paint colors that are new and make your kitchen look modern and sleek. Also, consider using low VOC paints as this will make your kitchen more environmentally friendly by avoiding your family from breathing in harmful chemicals like benzene that is released from fresh paint.
Add Energy Efficient Kitchen Appliances
Consider replacing your old appliances with ones that are energy star rated as they use less energy and help you save money on the electricity bill. This can range from the fridge to even something as little as the electric kettle. You should add appliances that are environmentally friendly and help you save up money in the long run. This is also a good idea as the world is moving closer into an energy crisis, and what better way to contribute than to use appliances that use less energy.
Add A New Bathroom
If there is only one bathroom in your home, it is a good idea to add another one as it will increase the value of your house drastically. Also, another bathroom is great if more than 3 people are living inside your house. Nobody wants to wait for their turn if they are having a bathroom emergency. So, a second bathroom will help you in both ways. When looking for space inside your house for a second bathroom, you should look at rooms or an area inside your home that is not being utilized. The area under the stairs or a closet can also be a viable option for a second bathroom.
If you want to build a bathroom with a half bath, you need around 18 square feet of space. If you want to go all out with a full bath and a shower, you will need around 35 square feet of space. Like any home improvement, the cost will always depend on what type of accessories you want to add to the bathroom. You should frequently visit your local bathroom showroom, as they have deals and things that are for sale at reduced prices. You can also find cheap prices on tubs, sinks, and commodes on the internet. You only need to do a quick search on google and you will be presented with many results.
Renovating A Room
Whether you want to renovate an already existing room or add another one, it will drastically increase the value of your house and give you more living space which will provide comfort. However, it is a wise decision to reinvent an already existing room as it will allow you to save money and add comfort and value. Many home improvement projects that deal with adding a new room start with a 50,000 dollar budget, but can quickly turn into 100,000 dollars due to unexpected building problems.
Add Energy Efficient Windows
These days, the value of any house increases dramatically if it has been developed with energy efficiency in mind. It has been stated that installing energy star rated windows can help you save money related to heating and cooling in the long run. Installing energy-efficient windows will also let you qualify for a rebate from your state or your utility company. To learn about such an offer you can visit an energy star rebate finder to check what is available in your area regarding this matter. This website will allow you to see what regulations and standards your state follows.
The Final Words
Basic updates like a fresh coat of paint, fixing the roof, replacing rotten wood, or getting rid of any kind of mold will add the most value to your house and you will be able to live in comfort and a germ-free environment. These kinds of improvements will allow your house to avoid deterioration as time passes by. Also, you should consider replacing any frayed or broken electrical wires, as that is a safety hazard and it can cause serious damage to people living inside your home. Today, we have made you aware of some home improvement ideas that you can apply to your home to increase its value. It is a good idea to consider them before you decide to remodel your home.