Wednesday, March 5, 2014

Home renovations and property value

Home renovation projects can be expensive, difficult and time-consuming. This is why most homeowners hope to add to their home's value when undertaking such projects. However, the reality is, not every home renovation project can boost your property’s value. Get tips...

Creating more space in your home by adding an extra room or extending an area is a great way to upgrade your home's space and add value while you’re at it too.

Extra space

Creating more space in your home by adding an extra room or extending an area is a great way to upgrade your home's space and add value while you’re at it too. An extra room will upgrade your home’s occupancy space, while extending your house will add to your home’s floor area. These aspects are vital to a property’s value. 

New features

Developments are constantly being made with home construction and design. Updating your old kitchen and bathroom fixtures can be beneficial for your property’s resale value. Outdated window designs may also be upgraded to add value to your home. 

Curb appeal

Curb appeal refers to projects that make your home look fresh and inviting for prospective home buyers. This may include landscaping, trimmed grass and a fresh coat of paint for the interior and exterior of the home. These remodelling projects are great attractions for prospective buyers, but aside from that, they also offer a cleaner and better environment to live in. If you’re not looking to sell your home right away, consider that these projects will wear and tear over time. 

Personal amenities

Rooms and home amenities that are specific to personal hobbies and interests don’t have a significant increase on a property’s worth. Amenities such as swimming pools, game rooms and gyms are certainly great features to have, however, not everyone will be willing to pay for these.


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