When it comes to determining a home’s value, the primary metrics are location and square footage. However, there are a number of other factors that can help. For some homeowners, the best way to improve the value of their homes is to perform renovations.
– Structural Upgrades
Some renovations deal with structural changes to the home. Rebuilding a staircase, for example, provides both structural and aesthetic improvements that will lead to higher property appraisals. Another such renovation is to build a new porch deck or patio. While it will not increase a home’s size, those who look at the home will view a deck or patio as an extra room that makes the home a more attractive purchase.
– Aesthetic Upgrades
Renovations that focus solely on aesthetic components can also help. An attractive, modern shade can make a room seem more impressive, and appraisers and potential buyers will consider these improvements even if only on a subconscious level. While modern design trends are useful, it is also important to have a look that embodies the area in which the home is located.
– Exterior Renovations
While people spend most of their time inside their homes, it is the exterior that they see first. Further, people like to live homes that appear attractive to those who pass by. The simplest exterior renovation is a simple paint job; paint can radically transform a home’s appearance, and the right paint can improve a home’s value. In addition, it might be worth installing a new door or making it larger. While it can be an expensive renovation, installing new windows may make a substantial difference.
– The Kitchen
The kitchen is one of the most popular rooms for renovation as people spend much of their time in kitchens. Upgrading to modern kitchen appliances can improve a home’s value far beyond the cost of the appliances, and new countertops can make the room stand out. While kitchen appliances must perform well, it is also important that they also look great. Fortunately, many of the best upgrades score highly on metrics of usefulness and attractiveness. Granite countertops, for example, last for decades, are easy to maintain and look great.
– The Bathroom
Everyone spends part of their days in the bathrooms, and people often enter the bathroom right after waking up and right before going to bed. Homeowners should ensure that their upgrades will last for a while, and careful attention must be paid to bathroom renovations. Upgrades that can help fight mildew are useful, and it is critical that all renovations are tested to ensure that water does not leak. An upgraded bathroom is one of the best ways to impresses appraisers and potential buyers.
People often live in their homes for decades. After a while, a home’s look can begin to appear a bit stale. An occasional upgrade can both make a home more enjoyable and increase its value should the homeowners decide to sell.