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These are four types of home renovations that can boost value.

Nov 26

These are four types of home renovations that can boost value.

It's smart to make some changes. But it should not be done all the time. When remodeling your home, you should be aware of four types: the basics (or curb-app), value-added (or personal preference).

 

1. Basics

When buying a home, buyers expect the following: Essentials include a leak-free roof, functional gutters and rainspouts, a dry basement, and a dependable furnace. Good condition walls and floors are essential, along with functional retaining walls. Potential buyers are looking for a home with functioning plumbing systems and HVAC systems. Some basic features include multiple car garages and bathrooms in luxurious properties.

 

It's not necessary to replace everything. It's possible for you to make small improvements that are inexpensive and keep the property in good shape. These items will not increase the property's worth if it isn’t in good shape. It brings it up to the same standard as other homes in this area, so you can ask for a comparable value.

 

However, you shouldn't hire Remodelers Houston to work on your property. You might not only lose money, but you could also be a potential buyer's nemesis. Before you spend too much money on a renovation, think about the competition. Take a look at similar homes in the area and make modifications based on your findings.

 

2. Curb Appeal

Items that improve the curb appeal of your property will make it more appealing to potential purchasers. These projects will not increase your home's worth but will make your property more appealing and allow you to sell your home faster. To increase curb appeal, you need a tidy yard, low-cost landscaping, new paint (at least at the front door), fresh carpets, and updated fixtures. These projects are easy to do yourself and save you time and money.

 

Keep it simple. Bold design choices are not recommended for now. As accent walls and backsplashes, you can add beauty to the home with simple design elements.

 

Lighting can be an expensive expense. It is important that your home be bright and welcoming. But, you don’t want the lighting to interfere with the wiring. For a modern upgrade, you can choose LED or recessed light. An interior decorator will be able to assist you with these types of projects. It is important to select affordable options.

 

Avoid bold design choices in your decor. Your home will be more attractive if it has subtle accent walls, stylish backsplashes, and a few other design elements.

 

3. Added value

The Fix-it & Flip-it crowd loves projects that have significant value. These projects should also be high on homeowners' priority lists. Many of these projects won’t be able or afford to recoup the cost, but some might. These are the most common projects that yield the best return. Reselling often allows them to recover at least 80% of their expenditures.

 

4. Personal Preference

Personal preference programs allow you to select items you like and the price you are willing to pay. These amenities include tennis courts, swimming pools, and hot tubs in almost all areas of the United States. A swimming pool is rarely an asset that can add value to a home. An inground pool can be quite costly. Many homeowners see pools as a security risk and a nuisance. It is not recommended to be used more than once a year unless the pool is located in a tropical climate.

 

These items can be incorporated into your home at a minimal cost. These items should not be sold if you don't want buyers to pay more. It is important to consider whether you are replacing a well-known or older feature during renovations. If your neighborhood doesn't have a garage with two cars, it is worth considering whether you can convert your garage into a recreation area. Are you sure you don't want the house with the most private parking spaces in the neighborhood?

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