Making changes to your home can enhance your living environment, but it can also add value to your property and generate a larger return-on-investment if you ever decide to sell. However, knowing which changes to make is important, as some modifications add more value than others. To start planning your upgrades, take a look at these four ways to add value to your home now:
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1. New Flooring
Flooring has a major impact on the aesthetic of a space as well as its functionality, which is why it’s an easy way to add value to a property. By updating the flooring, you can transform the way a room looks and make the space more family friendly. Replacing tiled floors with wooden flooring can make a room feel more rustic and welcoming, for example. Alternatively, you may want to use natural stone, laminate flooring or carpet to give your home a more up-to-date feel.
2. Updated Plumbing
A property with outdated plumbing can certainly put potential buyers off, so make plumbing upgrades a top priority if you want to modernize your property. Of course, properly maintained plumbing will give you peace of mind while you’re residing in the property too!
In addition to keeping the current system fully functional, you can modernize your home’s plumbing system to make it more efficient and user-friendly. With plumbing for a washing machine from Maplewood Plumbing, for example, you can have a laundry box fitted behind the machine to hide pipes and hoses and provide easy access to shut-off valves.
3. Exterior Upgrades
If a property has curb appeal, it can have a positive impact on its value. While most homeowners are concerned with the interior décor of a property, don’t overlook the importance of the exterior of your home. From tidying up the gardens to installing a new driveway or adding a deck, there are numerous ways you can enhance the exterior of your property and add value to your home.
Remember – you don’t need to embark on expensive renovations to boost your home’s curb appeal. Adding outdoor lighting, repainting sidings and making the entranceway more welcoming are simple and cost-effective ways to make exterior upgrades to a property.
4. Add Space
One of the most effective ways to boost the value of a property is to increase its square footage. Adding an extension is inevitably more costly than other, more minor, upgrades but it can have a substantial impact on the value of your home. Furthermore, the extra space you’ll gain from an attic conversion or wraparound extension will optimize your living environment in the meantime.
Investing in Your Home
Buying a home is a top financial goal for most people and, if you already own a property, you’ll want to do everything you can to maintain and increase its value. With the right maintenance and upgrades, you can ensure that your home is kept in tip-top condition and that it increases in value as time goes on. Residential elevators can increase property value by 10 percent.
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Renovations are often deemed unnecessary especially when your budget limits you to improve your home workspace. However, One-Click Life reminds people that there are tax deductions for work from home employees that allow you to improve your home office without breaking your bank.
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