Many of us are aware of the significant impact home improvements have on a property. The list is endless. Beyond the better ROIs, you get to live in a place you are comfortable and happy in. Tenants would feel the same way too. Overall, home improvements are an investment you can never go wrong with, provided you have picked the right item or area to improve on. To help you do this right, we look at areas you can count on to increase your property value.
Kitchens are seen by many as the heart of a home. No one will be interested in a house with a poorly designed, congested, unsafe kitchen. Some common questions most renters ask include:
- How spacious is it?
- Does it include essential appliances, like a well functioning oven, fridge and dishwasher?
- How about the kitchen sink, countertops and cabinets?
- Does it include a kitchen island? If yes, what kind?
All the questions point to the need to have an improvement plan for your kitchen. With the help of a home renovation expert, you can get great ideas on how to redesign your kitchen and make it irresistible without breaking the bank.
Everyone likes a spacious bathroom, complete with a separate toilet section. The decor also plays a big part. You can include tiles with anti slip-resistant treatment.
Consider installing a mini cabinet as well, to store essential supplies such as toiletries and quick-relief medicine. The colour scheme you use will also add to the appeal. Choose neutral colours that blend in with the rest of the house.
Siding And Exterior Renovation
A building’s siding may have worn out as time goes by. Replacing the siding is a great way to give the house a new, updated look. Also, note that maintaining a house’s front and the backyard is crucial. Landscaping, mowing and gardening are some ways to keep the premises neat and attractive.
Reinvent Existing Spaces
You might be tempted to add more space to a room by building another room, but this can be an extremely expensive project. Not to mention the possibilities of running into more problems and having to double up your project cost.
A better alternative would be to reinvent an existing space such as your basement, garage or the attic. Not only does this save you money but also open you to more ideas. You could turn those existing spaces into rooms (such as a second living room or game room) that could be attractive to potential house buyers.
Above all, you could regain all the money you invested plus more if you do the improvement right. Speak to a competent home renovation expert for ideas.
If you still doubt that a home improvement will not do much for your property, here are some known benefits you might want to familiarise yourself with.
Retain Your Tenants
Home improvements can be the key determinant in attracting and retaining potential tenants. Some rental houses and buildings will look impressive at first. But when you’ve comfortably settled in, problems start to come up. Making efforts to fix such issues can go a long way in preventing early move-outs.
Bump Up The Sales Price
In the real estate business, purchasing property and beefing up its value is the name of the game. Home improvements are what you need if you intend to sell your property in the future. Even if you won’t sell anytime soon, it’s still essential to regularly maintain the premises.
Improving Energy Consumption And Environmental Efficiency
Home improvements can stretch a long way. With electricity costs on the rise, it can be an excellent opportunity to install energy-saving systems. Solar panels, for instance, are a great alternative.
From what we have looked at so far, it is pretty clear that home improvements have a lot to offer in terms of benefits, whether you are doing it for your home or commercial purposes. Use this opportunity to learn more about the improvements that will boost your property’s value by speaking to a home renovation expert.