As you prepare to make some improvements in your home, it’s always good to consider the value they’ll add to the property. This is important because your home tends to depreciate as it grows old. So, if you’re planning to sell it later, you need to upgrade it in a way that adds great value to it.
If you’re not sure what kind of home improvement increases home value best, consult a professional home valuer or property for advice on the most valuable home improvements. This article offers examples of home improvements that will add real value to your home.
Adding Extra Physical Square Footage
With the diminishing space in many homes, most buyers are looking for properties with enough space. A recent study done by NAHB revealed that prospective home buyers of different ages, social statuses, ethnic backgrounds, and geographic areas appreciate ample space. Most respondents showed great interest in median properties of about 2,022 square feet (80 percent more than their current space).
So, if you want to add value to your home before listing it for sale, you should consider improvements that will increase its physical square footage. For instance, you can convert some of your interior space into a spacious home office or build a new one attached to the main house.
You can also add space to your home by finishing and upgrading your basement. Turn your unfinished basement into a big store or home gym. Alternatively, you should open up your home’s floor plan by removing unnecessary walls to create a spacious layout. These improvements will add real value to your home.
Improving the Curb Appeal of Your Home
You shouldn’t list your home before you upgrade its curb appeal. This will lure potential buyers to your home and convince them to commit themselves to purchase it. Your home’s curb appeal will give potential buyers the right impression before they step into the house. Improving your home’s curb appeal involves having an attractive landscape, installing steel doors, installing a stone veneer at the front of the house, installing a steel door, replacing the garage door, doing a touch-up or re-do of the exterior paint, repairing your roof, etc.
Enhancing Your Outdoor Living
Aside from improving your home’s curb appeal, you must also upgrade your outdoor living space. This includes adding a patio or deck, developing a fire pit or fireplace, installing a swimming pool or hot tub, dressing up your front porch, and setting up an outdoor kitchen.
