Today we are going to talk about the 7 best renovations to make on your house weather you are going to sell or rent out the space that increase value even if you are on a budget or like to DIY.
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1. Increase Light and Space
Dark, cramped rooms are no good when it comes to real estate.
One thing that homeowners can do to increase the appeal of their property is open up the house to create more of a flow and enhance natural light.
Consider knocking down some walls to brighten up a space. An open floor plan will also make a home feel much larger and is better for entertaining.
Vaulted ceilings are another idea that can help create the illusion of more space but can be expensive.
2. Landscape & Curb Appeal The curb appeal of your home is incredibly important when it comes time to sell or rent.
The first impression of a home that someone will have is from the look of the exterior. It is said that a good first impression of a home can add five percent to its value.
Make sure your exterior paint and details are up to par. The driveway should be paved properly, and any lawn space should be properly maintained. Cut your grass!
For a rental property, DO NOT plant intricate landscape that tenants could neglect. Instead, chose tenant-proof landscape options: gravel, mulch, and low-maintenance greenery.
3. Create a Home Office This one I struggled with because for years no one wanted an office. But they are back!
With more companies giving employees the option to telecommute, a home office can really add some value to a home or rental.
If you have some extra space in your home, consider converting it into a home office or at least adding in some electrical outlets and create the foundation for someone to use it for an office
4. Lighting.
Add recessed lighting - It makes a massive difference. If you have popcorn / acoustic ceilings, scrape them and add recessed lighting at the same time to save on labor. Dimmable lights also go a long way.
5. Finish Your Basement If you don't have enough space to add a room to your home, consider finishing your basement. A basement space can easily be turned into a playroom for the kids, a bar, or media room, relatively easily. Consider adding a bathroom if you do remodel the basement, as this can increase the value of the remodel even more. Try to keep the space as open as possible so it does not feel dark and cramped.
6. Update or Add Bathrooms Bathrooms are an important part of a home. If there are not enough bathrooms or if they are very outdated, it will be a big turn off to potential buyers.
Updating bathroom amenities and fixtures or adding an additional bathroom if you have the space can really increase a home's sale appeal.
Again, this doesn't need to be overly expensive. New vanities are fairly inexpensive. You can often keep existing tile and re-glaze it a different color to make it more modern.
7. Update Your Kitchen This is often the first thing people look at when checking out a new property. Opening the kitchen and creating an open floor plan is often the easiest "bang for the buck,"
but renovating a kitchen doesn't need to be expensive. Oftentimes painting existing cabinetry and changing the hardware can be sufficient.
Sale sections at Home Depot also work well!
It can really add value to your home but it is also important to be careful. When planning a kitchen remodel it is really important to consider the cost of your materials versus the value.
Based on the cost of your home, if you choose to install granite or marble counter tops, will you be able to recoup that money? Take a close look at costs when remodeling kitchens.
Things such as updated appliances or a window over the sink can add a lot of appeal. There are tons of different projects that can be done around the home to increase value in addition to the ones listed above.
As long as you take the time to really plan accordingly, and don't overspend, you can make some really nice upgrades to your home that will make you some money when you go to sell or will attract the best tenants willing to pay top dollar to rent your place!
Comment down below and let me know what renovations you would like to see in a house you would rent or buy.
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