Tuesday, June 30, 2015

5 Home-Value Boosting Ideas

Have you been wanting to add an additional room to your home or are you thinking about renovating an existing room? Home improvements go further than just adding beautiful aesthetics, they also increase the value of your house. The more upgrades, additional square footage, or repairs to big ticket items you complete in your home, the more the value of your home will rise.

If you are getting ready to sell your home or just need to give your place a little upgrade, follow these 5 tips for a boost in your home’s value.

Boost #1 - Roof
Most roofs last around 20 years. Of course, this statistic is based on your climate and the materials your roof is made from. Because of these variables, it’s a good idea to get someone up there to have a look around. Replacing a roof can add anywhere from 15%-40% to the value of your home. Homebuyers are often thinking about long term projects in their potential new home, so replacing the roof takes the guess work out for them and gives the property a marketable edge.

Boost #2 - New Windows
Replacing drafty, unkempt windows is a great way to update your home’s facade while saving money in energy costs. You can either use a replacement window or go the route of restoration of the original windows to keep with the style of your home.

If you are short on funds, window replacements can be done over time, starting with the windows that are in worse shape and working your way to the better ones. When you change the windows, you’ll see an improvement two-fold.

Boost #3 - Update The Bathroom
Replacing the 1965 mustard yellow toilet, tub/shower, and sink in your older home with new, more neutral white fixtures gives the bathroom an updated and a spa-like feel. Another easy update is to replace the existing towel bars with fresh ones.

Boost #4 - Finish The Basement
Finishing a basement is a really great way to increase your living space and value to your home. Usually this space is pretty open and can be divided up into sections for each member of the family to congregate in.

Adding a bar and TV area is ideal for the sports fans to hang out around. Consider built in bookshelves to create a library with a few comfortable chairs and light fixtures, for a quiet sitting area. Families with smaller children can use the finished basement as a recreation room for games, toys, and sleepovers.

Boost #5  - Attic
Similar to the basement, the attic is another room that has untapped potential. Finishing this space can make a really unique bedroom or office space. The angles of the ceiling and walls give the room dimensions that aren’t found in other rooms of the house. If your attic has only one window consider installing a skylight that will provide you with a lot of great natural light.

According to “Remodeling” magazine’s annual Cost vs Value Report, an attic renovation has a 77% return on investment on a midrange attic remodel project, based on national averages.

Updating even one of the areas above will add a boost to your home's value, just imagine what the boost you would see if you undertake several of these projects! If you have any questions as to how you can update your home to create more value, give us a call! We're happy to help.

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