What home improvements can increase the value of your home?
The real estate market in the US is on fire. The average selling price is at its highest level in five years. The average House is now selling for $258,000.
You can take advantage of this rise in house prices. You can make home improvements to increase the property's value. Home renovations create added value and help you sell the property faster.
Keep reading to learn how home extensions and renovation projects can increase your property value. Find out which home renovations recoup the most significant percentage of investment costs.
Home Extensions
An obvious way to increase the value of the real estate is to invest in a home expansion. They increase the value in different ways.
To begin with, add square meters to your home. Square footage is an essential factor in a home valuation. The price per square foot is a metric that appraisers and brokers use to evaluate value.
Your home extension will also add more rooms to the House. Adding a bedroom or bathroom changes the whole evaluation dynamic of the House.
An extra family or living room is another way to increase the value. According to real estate experts, additions to family rooms account for 83% of the initial investment.
Outdoor living space
The concept of a home extension also applies to the exterior of your home. One of the most popular trends in real estate is outdoor space. Homeowners want to enjoy nature from the comfort of their own homes.
There are several ways to add outdoor space. Some homeowners prefer a traditional terrace, while others prefer a paved terrace. You can use a combination of both.
More and more homeowners are taking their outdoor space to the next level. They add outdoor kitchens and stone fireplaces for Epic barbecues.
Upgrade the kitchen
In the past, kitchens served only one purpose: the preparation and storage of food. Times have changed, and now kitchens are at the center of entertainment. Your guests are now gathering around a large island to play games and eat food.
There is so much to do in a kitchen renovation. The cabinets are a focal point for any kitchen upgrade.
Some homeowners want to insert a kitchen island. Others are interested in modern flooring and striking backsplash.
Bathroom Remodeling
Bathrooms are one of the essential rooms in the House. It is a place that homeowners now go to relax and relieve stress.
Bathroom conversions are known to recoup most, if not all, of the investment costs upfront. Homeowners want elegant additions to their bathrooms that make them feel like they are in a spa.
Oversized hot tubs are a popular addition. Floor-standing showers with beautiful glass doors and stone walls are also in demand. Other popular modifications include modern sinks and floors.
Home renovations to increase the value of a real estate
Many home renovations are expensive, and homeowners have sticker shock. The good news is that renovation projects are investments with a positive return.
Suitable home improvement projects are sure to increase the value of the real estate. Home extensions and kitchen upgrades are just two examples.
Contact us today to talk to an expert if you are interested in renovations.
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