Thursday, February 1, 2018

Light and Space: Creating Resale Value Through Home Improvement

It’s hard to walk through a friend’s house without seeing features you’d love to incorporate into your home. Getting excited about changes you want to make can motivate you to fulfill long-held dreams for making your home more attractive, but it can also entice you into spending too freely on materials that can make it difficult to recoup your investment at resale time. Remember, home ownership is about making smart decisions concerning your most important asset. Ultimately, renovations are business decisions, things you do to get the most value out of your money and hard work, and so you can command the highest price possible.
Light and space
When it comes to attracting home buyers, light and space are two of the most important features these days. People want to see flow-through and eye-catching spaces that really shine. Vaulted ceilings and skylights are excellent ways to create space and add natural light. Many homeowners achieve this effect by knocking out walls, making it easier for prospective buyers to envision how they’ll utilize the space. Abundant lighting can also perform that function, allowing buyers to get a good view into every corner. Accentuate the natural light in your home by installing blinds and keeping drapes open. Recessed lighting and fixtures that spotlight key features of your interior also make a powerful impression.
Kitchen
Kitchen upgrades add more value than any other room with the possible exception of the bathroom. But this is one place where you need to be careful about how much money you spend on renovations, bearing in mind the likelihood of recovering your investment. Fortunately, there are many affordable, do-it-yourself kitchen projects that can add value. Consider putting in faux marble countertops that will give the room a traditional look without going to great expense. Consider lighting up the kitchen by installing glass tiles around your cabinet space and on the backsplash. You can also create the same effect using high-gloss ceramic tiles.

Bathrooms
Your bathrooms will also attract a lot of attention from buyers. There are a number of DIY projects you can take on in the bathroom, modifications that won’t require you to try your luck with the plumbing. You can replace an outdated and worn vanity with one that accentuates your overall decor for around $200. Shiny new faucets and fixtures also add value and give the room a fresh look. If you’re considering adding something new and interesting, what about putting in a full-length mirror and medicine chest combination? If you have a shower rod, try adding a second one that can be used to hang baskets for additional storage. It’s the perfect solution for that person who always seems to run out of shampoo in the shower.
Finished basement
If you’ve been meaning to finish your basement for years, now would be a good time to do it if you’re looking to add value and up your asking price. There are lots of features you can incorporate, including a bathroom, kid’s play room, bar, or home office. If you have limited space, think carefully before proceeding. You might not have enough square footage to work with.
Roof repairs
Buyers are always very interested in the condition of your roof. Be sure to replace any shingles that are missing or loose, and clear the roof of any branches or debris. Consider having your roof inspected before putting your house on the market to determine what level of work, if any, needs to be done.

There are many upgrades and fixes you can do yourself when you decide it’s the right time to get your house ready to sell. Bear in mind that buyers will look into every nook and cranny, so pay careful attention to detail. A well-staged house that looks good outside and inside is bound to attract lots of attention.






Source: Courtesy of Pixaby

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