Article

3 Great Remodeling Tasks To Increase Home Value

Topic: Business NetworkingPublished October 16, 2019
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Every once in an while, homeowners would undertake remodeling to improve the house out of necessity or desire. And some have the point of view that since some form of construction work is going to take place in the house, they might as well do more since the inconvenience cause by construction would already scheduled. And if you are going to remodel a house, why not do some things that would increase it's value? The price increase is sure going to be nice when you sell the house in the future. Here are 3 types of works that are bound to increase your home value. Increase number of rooms One of the biggest factors that make a house more valuable than another (almost by default) is the number of room. This can be easily achieved by building a wall to separate a big room into two. One can even convert a study area into a bedroom. In fact, if you have a large space in the house that is not serving any practical purpose, it is possible to segment a room space out of it. For example, some homes have huge living rooms that are really unnecessary. Carving out a space for an additional room can help increase the perceived value of the property. Even a small room big enough for a single bed and average wardrobe can be valuable for a buyer who needs living space for helpers. This is a great feature that would standout in a property listing. More fixtures A property's fixtures refer to things or structures that are attached to the property. Because they are part of the property, they are usually sold together with the house when a buyer comes along. Fixtures are often installed to improve a house and enhance the experience of occupants in the house. So they are often valued by home buyers. Some of the most common home fixtures that buyers want to retain are:
  • Built-in cabinets
  • Custom fitted appliances
  • Landscaping
  • Lighting fixtures
  • Smoke and carbon monoxide detectors
  • etc
The logic is that they are going to have them installed anyway. So they might as well takeover the exisiting fixtures and get it over with. Focus on the kitchen The kitchen is an area of the home that tends to pay back a huge portion of what you've spent when selling the house. So it is an area worth improving. You can enjoy the use of it and recoup most what you've spent on sale. A lot of new home owners spend the bulk of their remodeling budget on sprucing up the kitchen... and for good reason. Industry research indicate that the average house would at least get back 60% of kitchen renovation costs upon sale. And that is the low end. Many homes can get back as much as 100% spent. Modular kitchens especially are garnering a huge following. They just make so much sense and makes a huge positive impact to interior aesthetics. If you spent good money on quality quartz counter tops for example, a potential buyer is going recognize that an understand implicitly that he has to pay more. Finally, remember that the objective of remodeling the house is to improve your quality of life. It's not about resale value. However, increasing your home value at the same time is surely an easy decision to make. If you are undertaking remodeling solely to increase perceived value with a view to sell the house, then consider making only cosmetic repairs to stage it.

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