Smart Remodels That Recover Their Cost Upon Sale
Bathroom renovation and other smart remodeling projects are a great way to spruce up your home. You can improve your home significantly by renovating it. There are a couple of reasons to remodel a home. One is to enhance the appearance of the house both inside and out. The second is to make it more functional by making renovations that make it more useful. However, the most common reason that homeowners remodel their homes is to increase its value.
It is essential if you want to resell your home, rent or lease it out that you ensure it looks great because it means you get more money for it. However, remodeling can be costly and not worth your while if you end up doing too much. For example, if you did bathroom renovation or spruced up your kitchen and ended up selling your home for less than the cost of your remodeling that is a loss.
It beats the purpose of renovating your house for sale or rent if you will not get back the money you put into it and more. So the rule of renovation you should focus on most is that it should add value to your home and earn you profits if you choose to sell or lease it out.
Remodeling projects you can do to your home to increase its value
Now that we have established that remodeling is about increasing value, it's time to look at a few projects you can do in your home to achieve this goal. Ideally, you are supposed to look at the rooms that people spend the most time in and add features in these rooms that potential homeowners will love. These features should prompt buyers to want pay more for your home. Here are a few suggestions:
- Bathroom renovation
First off, if your home does not have enough bathrooms, a good renovation idea is to add more. Ideally, the bathrooms in a house should match its size and also the number of bedrooms in it. A home with multiple baths is an attractive option for buyers because it means people living in it can live comfortably without having to line up to use the bathroom. Any home can use a couple of bathrooms because what do you do when one breaks down?
You can also spruce up the fixtures and finishes in the bathroom to make them modern. For example, consider putting in a sensory rain shower and motion sensor faucets. If the plumbing is ancient, you should also replace it because old plumbing in a home is a sure way to lose buyers. Make sure you add features in the bathroom that make it more comfortable to use such as double sinks and bigger storage space as well.
A modern bathroom should also be environmentally friendly. So make sure you install energy-saving and water saving devices and fixtures. For example, put in bulbs and a water heater that saves electricity. It's also a good idea to put in taps and toilets that conserve water such as dual flush toilets. Keep in mind that many people these days want eco-friendly homes, and such changes will impress potential buyers and help you to sell your house quickly.
- Kitchen renovations
After bathroom renovation, kitchen remodeling is perhaps the second best way to increase the value of your home. Next, to the bathrooms, the kitchen is probably the other place in the house where we spend a lot of time. A good kitchen renovation project can improve the look of your home significantly and help you to sell it for a lot of money.
An excellent area to remodel in the kitchen is the counter tops or kitchen island. You can always use more surfaces to work on or place items on in a kitchen. Make sure you replace all electrical devices with energy efficient ones. The cabinets are also a big focal point so you should make sure they are spacious and made of good quality wood. Also, consider replacing the floor with a material that is easy to keep clean and also repaint the kitchen walls if necessary.
- Home exterior
The way your home looks when people drive up to it will determine if they want to buy it and how much they bid for it. You need to ensure that your home looks great from outside in every way. So apart from bathroom renovation and kitchen remodeling, part of your renovation budget has to go to the exterior. For example, you can rebuild or build a new deck. Many home buyers are attracted to homes that have strong attractive wooden decks or patios because they are beautiful places for the family to spend time on. So build one, and if you already have one ensure it's still strong and repaint or varnish it where necessary. You should also repaint the house exterior because nothing improves the look of a home like a fresh coat of paint.
Also, fix the fence and gate entrance to make sure they are sound and protect the home from outsiders. The fencing should not have areas where its broken down and if you need to whitewash it, do it! The same applies to your main entrance or gate. Make sure its a durable and attractive gate.
It's also a good idea to do landscaping in the yard where possible. If you have let your yard go, this is the time to spruce it up. The good thing about landscaping is that it's not expensive, but it can improve the value of your home significantly. A well-kept yard with cut grass, and beautiful flowers beds can attract lots of potential home buyers, so make sure its spic and span before you bring in potential buyers.
These are a few smart remodels you can do to your home to make a great sale. You are sure to recoup your bathroom renovation costs and other remodeling charges if you improve your home using these ideas before a sale. They are easy to do but can increase the value of your home in the eyes of buyers significantly.