The housing market has gone through a lull. The signs of recovery are rare but there; and the signs point to a revival in the near future. In order for you to maximize your gain from when the housing market recovers, it is best that you take the necessary steps now to ensure that your property fetches the top dollar when the time comes to dispose of it. Furthermore, even if you do not plan to sell your property, what kind of home renovations you should undertake to maximize the appeal of your home and add value to the overall property?
Space and Light
When people talk ambiance, it is space and lighting they refer to. Its importance cannot be understated. When it comes to home renovations space and lighting arrangement has the potential to completely change the atmosphere of your living space. Home buyers have strong preference for bright and spacious homes, so if your property has small rooms or lacks the necessary natural light, then you should consider light home renovations that will add windows.
Furthermore, you can remove and adjust walls too, and make necessary amendments to floor planning to make the home more spacious. Barring the removal and addition of walls, these renovations are not that expensive, and even a handyman could pull it off.
People often focus on the inside so much that they either completely forget about the approach to the house, or they run out of funds because they spend most of their budget on fixing the interior issues of the house. A property buyer; however, looks at the whole picture, and the outside counts as much as inside.
Realtors believe a good first impression — which comes from landscaping, ensuring that your lawns are mowed, external paint, and good condition of walkways and driveways — adds as much as 10% to the overall value of the house. So plant flowers, hire a good gardener, and get proper landscaping done. These home renovations will not cost you a fortune but just may help you gain a small fortune.
Painting the Interior
As you guys could guess, no home renovation list is complete if you do not mention how crucial interior paint is to the overall value of the property. Paint gives your property a new life and a new appeal without costing you an arm or a leg. You can paint cabinets and cupboards, redo the paint in your bathroom, and overnight completely transform how your home looks without stressing your finances.
Finish your Basement
Basements are great and versatile piece of floor space. They can be turned into gaming rooms, children playing area, office space, a guest bedroom, gym with sauna, you name it. Their versatility makes them one of the most popular home renovations in the country. A complete renovation of the basement can be expensive but that is totally dependent on your needs. However, little money can go a long way when it comes to basements. Just having finished walls, bathroom, heating, and air conditioning in place will bump up the value of your property.