With the unpredictability of the housing market, it is logical for you to be a little leery when it comes to home renovations. How can you ensure your hard-earned money is going to improve the value of your home? By using proven home remodeling strategies that deliver the best return on investment. Here are a few home renovations that are almost always guaranteed to increase your property value.
You should get every dollar that you put into your kitchen remodeling back when you sell the home, if not more. Of course, that all depends on where you invest the money. Granite countertops, large tile flooring, and stainless steel appliances may come with a hefty price tag, but they will also greatly improve the value of your kitchen. If you invest in high quality materials, you will almost always see profits in the end.
One of the main reasons why most homes do not pass a pre-sale inspection is because they have poor roofs on top of them. If you get a new roof on your home, you can go into an inspection with confidence, and you can get more money from the buyers because of the security you roof provides them. Combine that with the energy savings found with newer roofing materials, and you should have no trouble getting your money back from your roofing installation. If you choose not to sell the home, you can at least benefit from the protection and savings for decades in the future.
Finished basements are instant selling points when it comes time to list your home. Having a finished basement would also give you a chance to take in a tenant if you wanted to have an income property, or it would give your home with more usable square footage. Some houses only need the addition of walls and carpeting to turn a basement into a living space, so you may not have to spend much to double the size of your home.
Keep This In Mind…
The home renovations that you do should be partially based on the age of your home and the comparable building quality in your area. You do not want to over-upgrade your property because that will in fact cost you money in the end. Feel free to give us a call to speak to a home remodeling expert about the best options for your house. We’ll work with you to increase your property value and turn your house into a dream home.