Added Home Value through Home Improvements

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It?s almost guaranteed that you will be renovating your home at least once after you have bought or built it. Making improvements to your home means improving your quality of life. It adds to your living space, gives color to an otherwise drab room and allows you to save on energy costs.

Another equally important reason for home improvement is that of the added value it gives should you decide to sell your property in the future. The value of your home will be appraised by real estate professionals vis-a-vis the prices of similar homes in your neighborhood. For example, if in your locale the average house has 4 bedrooms and 2 bathrooms and your home only has 2 bedrooms and a bathroom, that?s going to get a lower appraisal value even you just undertook a total house repainting job.

It becomes obvious, then, that a better price can be fetched for your home by the simple addition of a new bedroom and bathroom. Not all home improvements you might want to undertake, achieve the purpose of adding more value to your home, however. As an example, renovations done in your basement, no matter how extensive and attractive, do not make much difference in your house?s price tag since this part of the house is not considered part of the living space.

Renovations that are guaranteed to make your home more profitable in the home selling market are kitchen, bathroom and living room improvements. Most family activities-cooking, eating and chatting-are centered in the kitchen such that keeping it updated adds to its value. The addition of new cabinets and fixtures further add to the overall appeal and price point of your home.

Adding a bathroom or renovating an old one also allows you to fetch a huge return on investment later on. Like your kitchen, there is a huge array of fixtures found in home improvement shops that make any bathroom far more comfortable and appealing. If you only have one bathroom in a two-storey house, adding one on the floor where there is no bathroom is sure to be a worthwhile investment.

Updating a living room by making it more inviting and family-friendly will also add value to your home. Adding a den or a family room in addition to your living room is also going to enable to ask for a competitive price on your property.

In addition to room improvements and add-ons, installing features that make energy use more efficient and effective further creates value for your home. Energy-efficient lighting and insulation are just two of the most-important features you can have in your home to suit this purpose. The initial investment is going to be expensive, that?s for sure. But the savings in your monthly energy consumption will pay off in as short as 5 years.

Aside from fetching higher prices in the home buying market, updated homes with wider living spaces and more functional features stay there shorter. Compared to homes with antiquated kitchens and cluttered living rooms, improved homes are bound to sell faster. Renovating your home will surely add to its value!

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Source: http://canarymagazine.net/real-estate/added-home-value-through-home-improvements/

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