In the business world, we’re always hearing, “you need to spend money to make money.” Or is that the saying at casinos? Regardless, the saying holds true in a variety of aspects, and it definitely applies to your home. Most people need to treat their home as an investment, and if you put the right amount of money into it at the right time, you can increase its value and essentially increase yours!
There are tons of different rooms and areas in a home and unfortunately, doing work on the wrong area won’t increase your house value as you might think. There are a few key areas that homeowners look at when purchasing a home, and this is what you need to focus on. If you’re looking to increase the value of your home, here’s how.
Upgrade Your Kitchen
The kitchen is called the heart of the home for a reason. Outside of your bedroom, you probably spend most of your time here. When it comes to choosing a home, the kitchen can often make or break the buy. While there are some upgrades that are more than others, there’s an endless number of changes you could make to your kitchen. Something as simple as a new paint job or sink installation could turn a no into a maybe. Installing a dishwasher or adding molding could turn that maybe into a yes! Since you’ll often find the family congregated in the kitchen, this is one of the most important upgrades.
Upgrade Your Bathroom
If there’s one place in your house where you’d probably like to relax, it’s the bathroom. This is another thing that many future homeowners look for when searching for a place. There’s nothing better than washing away an exhausting day than with a warm shower or a soothing bath. Do you know what’s even better than a soothing bath? A session in your own spa. A growing trend: companies like Nordic are giving homeowners the ease of adding a spa in their space. You could easily add steam baths or custom whirlpool tubs to your home, and its value will skyrocket.
Make It Smarter
I’m sure you want to be smarter so why wouldn’t you want the same for your home? One amazing way to add value to your home is by making it smarter and you can easily do this with the everyday appliances that you use. Take a thermostat for example. There are now remote controlled thermostats that you can control from your cell phone. If it’s 95 degrees in the middle of a June work week, you’re not going to want our central air running all day long. Now, with a smart thermostat, you can turn the air on before your commute home so that it’s nice and cool by the time you arrive.
Make It Bigger
With the exception of those who are obsessed with micro-homes, you’ll be hard pressed to find someone who wouldn’t appreciate a bigger home. If you can, one great way to increase your home’s value is to make it bigger. There are two ways you can make your house bigger and that’s either by building out or building up. The easier options would be to build an additional attic or build a sunroom adjacent to an existing room.
Let’s face it. Home improvements aren’t cheap and if you really want to add value to your home, you’ll need to use quite a few dollars (or thousands of dollars) to achieve this. Just remember! Your home is an investment so it’ll be worth it in the end!
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