People think of their homes in different ways. The old adage – a man’s home is his castle – can be true for many men and women. Your home can also be your biggest investment and as such it is deserving of continued improvement to increase the value of your investment. Or perhaps you’ve bought your home with a view to making some quick improvements an on-selling it.
Whatever your reasons for buying your house you will expect to see a rise in your home improvement value.
Estimating your home improvement value is a simple process and increasing that value can also be easy if you plan well. Regardless of where your home is located, or its amenity or size, it will have the potential for home improvement value. A simple rule of thumb in home improvements is that every dollar you invest should return you two dollars.
Planning is the secret to increasing your home improvement value. Spend time in the planning stages and you’ll be rewarded in the renovation stage.
Start with pen and paper and two columns. In the first column list all the features that your house currently has, for example: two bedrooms, one bathroom, combined lounge/dining area, etc. In the other column write down the features you’d like to have in your home; for example four bedrooms, two bathrooms, rumpus room.
You may not be able to achieve everything you’ve written down in the second column; however, writing down the features that you desire is the first step in achieving your home improvement value.
Gaining Another Bathroom
Many people desire an en suite bathroom and this can be a great way to add value to your home. If the main bathroom is located adjacent to the master bedroom as it frequently is it can be a relatively inexpensive job to know a doorway between the two rooms. This will give you and immediate home improvement value!
Often a well-located closet can be turned into a toilet area, providing another boost to your home’s value.
Adding A Bedroom
Before you go to the expense of calling in a contractor, take a look at the present bedrooms. Do you have a large bedroom than could easily be divided into two smaller bedrooms by installing a stud wall? These bedrooms may be small but can give children or teenagers some much needed private space. What about a sunroom or a verandah that can be closed in to provide a bedroom?
Adding bathrooms and bedrooms to a property is a great starting point to improving your home’s overall value.
If adding additional rooms is outside of you price range, then something as simple as a fresh coat of paint can transform a house or apartment. Keep the wall colors light and the ceilings and trim white if your aim is to make the rooms look larger.
In the bathroom and kitchen the addition of new taps and cupboard handles can brighten and add a contemporary touch to the rooms.
Remember the basic rule that a small investment now will turn into a big investment in the future. Keep making those small improvements and you’ll be able to watch your home improvement value grow over time.