Four Home Renovations That Will Raise Your Property Value
Posted on: 2019-02-14
If you are thinking about selling your house in the next 2-4 years, you may be considering some upgrades to help you get the most out of the sale. It’s important to know the areas where a reno can help you increase the value of your home, and which ones can actually detract from the asking price. By doing the renovations ahead of time, you can add value to your home and allow your family to enjoy the benefits before you sell. Read on for four home renovations that are sure to raise your property value.
Bathroom Addition
Adding another bathroom to your home (especially if it only has one currently) is a huge value add. The bathroom is considered the second more important room in a home in terms of valuation. As such, even adding a half bath is a great way to increase your property’s value and selling potential. When it comes to finding space for an extra bathroom, you don’t need much! Look around your home for any extra rooms or underutilized spaces. Half baths have been known to fit great under a staircase!
Installing Energy-Efficient Windows
While this isn’t the flashiest of renos, it’s extremely valuable to potential home buyers! Energy Star claims that you can save up to $500 a year in heating and cooling costs by installing Energy Star rated windows. Depending on your area, installing energy-efficient windows may also qualify you for certain tax credits and rebates.
Deck Addition
Enhanced outdoor living spaces have recently become more desirable to home buyers. By adding a deck to your backyard you can increase the entertaining space that has found its way onto the wishlists of many buyers. The cost of adding a deck to your home can be tailored to your budget. The price will depend on the size, and how many bells and whistles you want added (think built in seating, multiple levels, etc.).
Kitchen Upgrades
The kitchen can be the most expensive room to renovate; however, the good news is that a few minor upgrades are all it takes to really bump up the value of your home. When renovating a kitchen, keep in mind that it should match the style and feel of the rest of the house, so it’s usually not worth it to put all your money into a deluxe kitchen reno. For the best value, consider a fresh coat of paint, updated fixtures and some energy-efficient appliances.
Ready To Get Started?
For a general contractor that focuses on value and quality, contact Parabola Developments today.
Photo by Eduard Militaru on Unsplash
