Whether you are thinking about selling your home or looking to enhance your favorite space, selecting the right “Fix it Up” project not only enhances your enjoyment of your home but also
Fix it Up: Best Home Improvements Tips to Increase the Sale Value
Whether you are thinking about selling your home or looking to enhance your favorite space, selecting the right “Fix it Up” project not only enhances your enjoyment of your home but also can increase the value of your home. If you are intending to sell your current home or simply to remodel and stay another 5 years, these tips for planning the right project will help you enhance livability and comfort with your projects to deliver a return that is worth your time and money.
Remodeling Your Kitchen
When considering a remodeling project the kitchen is a great place to start since it is considered to be the heart of a home. After you have remodeled the kitchen, you can usually recoup an average of 70% of your investment in this type of project. When you make wise decisions about the kitchen renovation, you could also benefit from immediate energy savings on your monthly utility bills as an added benefit.
While planning your kitchen project, take into account the style of the rest of the home as you design your new kitchen. If your home is currently a classic traditional design, you could find that putting in a modern kitchen might not be the best choice.
Feeling unsure of the changes you are considering, try an image search of rooms and colors for design inspiration as a place to start your planning. Consider your built-in appliances. If you are upgrading your current models, make note of the model dimensions concerning the space you have available as you rework your layout and design.
If working with a professional interior designer is an option, they will provide you ideas that are the best use of space, meet your needs and increase the value. For DIY options, online room planners are available with an internet search. You may find these on furniture websites, paint manufacturers and home improvement websites.
Adding A Bathroom
Adding another or second bathroom is an effective way to add value to a home and enhance your enjoyment! This is a significant project that both you and a new owner would enjoy. Get the most enjoyment and return on your investment from this type of addition or remodel by completing it a few years before you sell.
Of course, the first consideration is locating an area that works well as a bathroom space. Think about using a room that is not often used, like an oversized bedroom. One good place for a bathroom that people don't think about a lot is the space under a set of stairs. 18 square feet is the amount of space at a minimum level that you will need to put in a bathroom. However, the minimum amount of space for a bathroom may not add any real value to your house.
If you are not a trades-person, working with a local contractor who is knowledgeable with local building codes will help you plan an additional bathroom that will create convenience for your family and value down the road.
Reclaiming An Unused Room
Is there a room in your house that is not being used well? Do you feel like it is a total waste of space that would be better used as something other than storage, or at least a shared space that brings greater utility to the room?
Perhaps you are considering an addition to increase the square footage of your home. This is a larger-scale project that would likely take longer to see a return on your investment. Carefully consider the costs associated with value increase and what enhances your enjoyment while you still live there, and live through a full-scale construction project. Consult a local Realtor or home appraiser for their professional opinion during your initial stages of planning.
Fix it up to increase value to sell soon or within 5 years. Rather than expansion, look at poorly designed space, and find a way to reuse it. Repurposing a room without completely transforming its utility may boost value and will not put you further in debt.
5 Fix it Up Tips:
Enhance Lighting: add more lights to make the room brighter and look at accent lighting options such as under cabinet lighting in the kitchen.
Open Space: Create an open concept room by removing non-load bearing walls. Get expert advice before you start your demo! Enhance the layout, and frame a room with ceiling or wall textures. Create the illusion of a larger space by extending kitchen cabinets to the ceiling.
Neutral Decor and fixtures: if selling is in your immediate plans, help the future homeowner see themselves in your space without distracting colors, ornate fixtures, and unusual finishes. Fresh paint to brighten and clean up walls is great, keep it neutral.
Storage Addition: Have some wide-open space in your underdeveloped basement? Consider a functional, closed in storage space and clean open slate for the new owner to develop. This provides you a low-cost upgrade that stands out to home buyers.
Maintenance: Go through every room in the house, check doors hinges, handles, closet fixtures and any unsightly items on your “Hunny Do” list that you have been avoiding. No one likes deferred maintenance, a well-kept home impresses potential buyers.
If you are fixing to sell, some planning and strategic projects could help you get top dollar for your home. Keep these tips in mind:
Decor and Design
Spend some time brainstorming about the projects. This will help you avoid making costly mistakes that do not bring any profit on the investment. Remember to consult with a professional before you remove any walls. An open concept without opening up your risk of safety or structural integrity of the home. Look at your projects through the eyes of a potential buyer. Ask yourself (or consult a professional for advice) “could the project help you sell your home at a higher value?”
Know your neighborhood, overbuilding for the area is not a wise investment. You may enjoy your home more but if you are fixing to sell, it’s not worth overspending or renovating for projects that go beyond what appeals to the average home buyer for your area. This is where a local market expert could provide you the best advice to help you sell your home.
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