How to Add Value with Home Upgrades
Listen to this articleIf you are tired of how your home looks, there are a few ways to brighten things up. Upgrading parts of your home is not as challenging as it might sound. Doing so ensures you get more value out of the home when it comes time to sell. You can easily change things up and turn your house into a modern, enjoyable place to live.
Add a Home Elevator
One of the most versatile home upgrades is an elevator. Adding an elevator to your home makes it easier to move between floors, especially if you are carrying large packages. If you plan on staying for many years, an elevator means you can easily age in place. There are many unusual elevators for the home that can add interest and increase value.
Install a Patio or Deck
A patio or deck is a great upgrade that can help you enjoy the outdoors more. It also increases your usable outdoor space, so you can entertain guests and relax. A deck can make your backyard more enjoyable and usable. If you plan on doing this yourself, make sure you choose materials that will stand up to the area’s weather but also match your home’s style. You should also consider the longevity of any materials you use. Natural wood may be a nice complement, but it may not last as long as composite materials might last.
Remodel the Most-Used Areas
Remodeling the bathroom or kitchen can quickly boost your home’s value because these are some of the most important rooms in the house. When you make them look their best, you can quickly increase your property’s value. If you want to sell soon, remodeling can help it get on and off the market sooner, and you will get a higher price for it. But even if you don’t want to sell right now, you may get value out of these projects because they can bring the spaces to the next level.
Consider Finishing the Basement
If you have a basement, finishing it can increase the value of your house, especially if you only use it for storage right now. Increasing the amount of living space can always add value to a house. It’s a good idea to check on the insulation while working on this project. If you don’t have enough, the house will be colder in the winter and heat up faster in the summer. Look at the current ventilation as well to make sure you avoid any moisture problems. You may be able to add an entire living area to a basement, including a bedroom, bathroom, and kitchen.
Basements are also a great place to display personalized housewarming gifts you may have received that you don’t necessarily want to display in the main area of your home. You may or may not be able to rent it out, depending on your local laws, but it could be a good spot for an adult child to live if they want to be at home but have some level of autonomy. You could also design it to be a recreation space for the whole family to hang out.
