The condition of your house is always a major factor in determining the value of it.
Large-scale improvements are absolutely going to affect the value of your home. Before making a decision to make improvements, large or small, you should consider the following:
- - Housing market of your area
- - The quality of the project. For example, it would not make sense to make a high-end improvement in a low-end home
- - Will get your investment back should you decide to sell your home?
- - What type of improvements fit comfortably in your budget
- - What type of improvement will add the most value? For example, adding a bathroom versus upgrading a kitchen
Consider the Cost:
Spending only a couple hundred dollars on a home improvement project could increase the value of your home by a thousand or more. Always take into consideration whether the project is a “want” or a “need.”
When you keep improvements such as room additions, bedrooms or bathrooms practical, they will remain valuable improvements should you decide to sell your home. Practical improvements will be significant to a wide range of prospective buyers rather than just a select few.
Along with interior updates, home improvement projects can involve landscaping, driveways, and swimming pools. Although kitchens and bathrooms are usually the main focus areas, improvements to your home’s curb appeal keeps your home attractive and welcoming. An impeccable home that has updates regarding paint, floors, walls ,ceilings, doors, and windows, will hold it’s value and will increase along with the housing market. An out of shape home could lose up to 10% of its value, so it’s a smart practice to stay on top of things with routine maintenance and home improvements.
Just as it’s important to keep yourself in shape to extend the longevity of your life, keep your home in shape to extend its life and value. Think of your home as a “treasure chest”, the more you put into it, the more you have when you open the lid.
If you're looking for a professional remodeling contractor, contact the expert team at West Country Renovations today!