Since the real estate market is currently in a slump, it's best to stay put and not sell your home yet. However, while waiting for the situation on the market to improve, you can do some remodeling and increase the value of your home.
There are different kinds of projects you can take up, and here are some of the best ideas.:
When remodeling your kitchen, you do not have to go big and spend a fortune. Minor remodeling can greatly improve the whole look and quality of your kitchen, making it more appealing and valuable.
However, do not overdo it and make your kitchen look fancier than the rest of your home; especially do not go overboard with its size, because it is supposed to be a part of your home, not a restaurant. So, instead of expanding it and replacing already good cabinets, you should invest more in quality flooring, countertops, modest energy-efficient appliances, and home pipes. Good plumbing is always a good start. Make an effort to find resourceful plumbers in your neighborhood so that your renovation can start smoothly.
Additionally, you can greatly improve the look of your kitchen by simply repainting it. By keeping a fresh, but modest kitchen, the value of your home can only increase and you will make your stay more enjoyable.
Repurposing the Attic
Dusty old attics are never appealing and no one should ever see them. But to utilize the space in your home to its full potential you should think about remodeling and re purposing the attic.
Get rid of all the excess waste you piled up there over the years and turn this room into another bedroom or a guestroom. By giving your attic a function, you are gaining more living space in your home without having to change the layout.
If your house is a good candidate for a fully functional attic, then you will not regret having an attic makeover, since the value will increase and no one will ever be afraid of that creepy attic.
Add a Patio
Today, quality outdoor living spaces are greatly desirable, especially during hot summer days where you can simply relax and enjoy. Add a nice patio in your back yard which will make your entire home more comfortable and more appealing to potential buyers.
Depending on how much space you have, you can make a spacious patio with a comfy couch and wooden patio chairs, rich with colorful flowers that fill the air with sweet smells.
Or you can go with a small but cozy patio where you can enjoy a nice cup of coffee every morning. Renovation project like this one can be costly (depending on the materials, space etc), but it can guarantee you a return of up to 90% of your investment.
Old, shabby and drafty windows are a major turn off for everyone, not just potential buyers. Replace the old single-pane windows with ones that are Energy Star-rated, and save up to $500 a year on bills.
Make your whole home more eco-friendly and invest in Energy Star-rated fixtures. Not only do they cut the costs of your heating and cooling bills, but can also make a nice addition and a whole new look in your home.
If your home has only one bathroom, but you have lots of unused space, it is time for you to make a bathroom addition. Depending on the size, you will need 18 to 35 square feet for you new bathroom, which can recoup up 130% of your invested money on this project.
The price of this project can vary, but you can always look for discounts for tubs, showers, sinks and other items for your new bathroom. A bathroom addition is always useful if you have a full house, and can help you score a better price on the market.
Turn your average looking house into a luxury home with these few remodeling projects. Until the market situation gets better, you will have an enjoyable home that worth at least twice as much.