When making improvements in your home, you should see your home remodeling projects as a way to increase the value of your home. Carrying out a valuable home improvement projects may require you to take a loan. In that case, mortgage brokers such as Seattle mortgage broker can ease your process of acquiring that loan. With a broker, you will get the best deal when it comes to borrowed money, making it more economical to improve your home.
Valuable home improvements enable you to sell our home for value when the real estate market improves. Some home improvement projects to avoid are; building an in-ground swimming pool, having a gourmet kitchen with high-end accessories, sunrooms, fancy and costly landscaping, and adding rooms, except for an extra bedroom. Other projects which do not benefit your house much include roof changes and remodeling your home office. Major projects you should undertake to add value to your home include;
Keeping the basics in good condition
Taking care of the basics involves ensuring that your home is freshly painted, has no roof leaks, the wood is fresh and free from rot, and there are no molds. It is essential to also check your electrical wiring and plumbing. Buyers want to see a well-maintained house when they want to buy, so having your home in top-notch condition will make sure it goes faster.
Basics also include insulation. Lack of proper insulation means that your house is more costly to live in as it is not energy efficient. Any source of additional cost to buyers is a turn-off, hence the need to invest in energy-efficient features such as energy star-rated windows. You need to update your home to be more energy efficient by, for example, adding extra insulation to your attic and sealing cracks. Cracks are common around doors and windows, in the basement, and where wires leave the house.
Some outdoor living space additions
As much as a fancy landscape may not do much on return on investment, a deck will. The cost of constructing a deck will depend on the size of the deck. Home owners can recover an estimated over 65% of their deck investments.
Re-inventing existing space
Instead of adding more rooms to your house, which can mean huge expenses that may spin out of control, think about remodeling an existing room. First off, complete all the unfinished projects. Converting one of the rooms such as the attic into a bedroom is a good way to add value to your home. You can turn the basement to a living room, a game room, or a small apartment for visiting relatives.
Adding a bathroom is also a good way to hike the price of your home. Find extra rooms or rooms that you do not utilize that often and turn them into a bathroom. Other spaces to consider include closets and the area under the stairs.
Another major one is the kitchen. Many home owners value the kitchen, and any updates you make will pay off. However, do not build an overly fancy kitchen. You can try painting and using energy-efficient appliances. Whatever improvement you plan on making to your house, you need to consider the potential return on investment.
Mark Ligon is the Marketing Manager at a leading e-commerce store in plumbing supply. Mark focus is on DIY projects and providing creative and practical advice to individuals looking to complete DIY projects of their own