If you are considering selling your home, you may want to find ways to raise its value before putting it on the market. There are plenty of renovations and changes you can make to do this, but you’ll want to be sure to check the cost before deciding. Dean Graziosi understands the difference between necessary repairs and adding value, and has provided this information for you to consider.
There’s a big difference between necessary repairs and adding value to your home. Some repairs need to be made before the house ever goes up for sale, while changes made to actually increase the value of your property are used to get you more money. So what raises the value of a home these days?
Bonus rooms are a big hit. This doesn’t mean you should necessarily build one, but it does mean possibly reinventing space you already have in order to accommodate modern amenities. For example, a small bedroom would make a great office or study while a rarely used den could be turned into a game room. Outside areas can be enclosed and equipped with outdoor kitchens or other options for entertaining. It’s all in how you want to create the space so be creative.
If you aren’t sure what to do about some extra space you are not using, leave it empty. Prospective buyers can use their imagination to determine how they would effectively use it.
Update your kitchen. As an article on bankrate.com points out, the kitchen is a critical room in the home. It’s where a lot of activity takes place. Nice large ones can be equipped with islands, bars, or tables, but smaller rooms can still have a lot of appeal. While you probably can’t actually enlarge the room itself, you can make some simple changes that will make all the difference in the world.
Take a look around your kitchen and assess the need for updates. How old are the appliances? Could they use replacing? Should you also replace cabinetry and hardware? What about the floors? Sure this can get pricey, but you won’t need to do it all at once. If you plan far enough in advance, you should be able to make all the necessary changes before it is time to even consider putting your home on the market.
Have you considered a swimming pool? While pools are a lot of work to maintain, they do add value to the home, especially if they are in-ground.
What about a storm shelter? Depending on where you live, this may be a very relevant renovation to consider since it can actually help save lives.
There are many projects that can raise the value of your home. Before tackling any, obtain costs and know just what they will entail. You can learn more about this and other real estate topics by visiting Dean Graziosi’s website.