Whether planning to sell the house, have it rented out, or simply for personal satisfaction, a little renovation and upgrade is always necessary to help increase its market value. In order to boost a house’s value in the market, it is first important to learn what prospective buyers or tenants are searching for in a house. For most homeowners, the biggest concern is usually the budget required for upgrade, renovation and home maintenance.
The great news is that there’s no need to spend thousands of dollars for home improvements. Just follow these 10 tips for the best home upgrades to add home value.
1. Knock down a wall and go for open concept. Not only will it create an illusion of a bigger space, but it is a home design trend that is very much in demand today. Just make sure to have the wall assessed for possible electrical wires housed behind it before hitting it with a sledge-hammer.
2. Make the kitchen area workable. This means making the kitchen area a functional place where you can actually cook a decent meal. Update faucets, fix leaking pipes, buff the counters and repaint cupboards and cabinets. It is not necessary to replace everything with a new kitchen system. Simply repaint worn out furniture and replace outdated knobs with modern handles to make it look more expensive.
3. Brighten up the bath. Bathrooms are among the most important considerations for many tenants and prospective home buyers so it is pertinent to get this area of the house right. Buff up the tiles and replace the faucets, shower heads and toilet seats. There’s no need to replace all the tiles, just those that are cracked and chipped. The trick is to find the right cleaning agent that can help whiten the tiles to make it look good as new.
4. Add more storage. If there’s an extra wall or area of the house that does not seem to have any function, add in a laminate closet system or have a carpenter install small built-in cabinets, racks or pantries. Making every extra space of the house functional will help make it look more livable.
5. Turn that extra space into an extra room. A house with a lot of rooms will always look impressive when advertised in the market. If the house has a huge attic, a den, or extra space that can be turned into another room then by all means, fix it up to look like an additional room. Simply add in a built-in closet and a window and it should be good to accommodate.
6. Update the lighting system. Still using an old chandelier or unflattering fluorescent lamps? Hire an electrician to place some decorative lighting fixtures or dimmers that will give the house a more modern feel and mask any unflattering curves on the walls and ceilings.
7. Buff the floors. The moment a buyer or tenant steps inside the front door the first thing they will notice are the floors. Tiled or hardwood floors need to be buffed till it sparkles. Carpeted floors need a touch of professional carpet cleaning to make it look, smell and feel brand new. Hiring professional cleaners is a small investment compared to the big impact it will make.
8. Apply a fresh coat of paint on the walls or replace an uncharacteristic door with a rustic barn door. Choose modern color palettes to give the house a fresh new look.
9. Add outdoor dining furniture in the front lawn or backyard. These areas can become extended living and dining areas.
10. Hire an electrical and plumbing service to look at the overall state of the house. It is much better to catch the problems early on than find out much later when the problem has already worsened such as replacing the entire plumbing system or re-wiring the entire house.