You may be a new home owner with a “fixer upper” space. You may be an established owner finally ready to improve your home environment. Or lastly, like so many others, you’re selling your home and want to improve it to up your asking price on the market. The value of your home is the single most important reason why you own instead of rent a home. That’s usually the case no matter what your plan of action is.
In the midst of our current economy, with falling house values and unpredictable housing market statistics, every home owner should know how to put more value back into their homes. Home owners must understand that certain home improvements may not have a 100% rate at increasing the value of the price tag. However, the few projects that don’t add to your price will at the very least make you and your home more competitive in the real estate market. These upgrades, individually but more so collectively, will add value to your home when it is time to sell, and will allow you to enjoy the improvements in the mean time.
Kitchen Cabinetry - The look of your kitchen cabinets can ultimately make or break the room. It’s almost always the first thing a newcomer sees when entering the kitchen. As you might have guessed, new cabinets are among the most expensive upgrades you can give a kitchen, but the return on your investment is so great that anyone who can afford it should start planning. Not ready to put that kind of money down at the moment? Simply refacing your existing cabinets and adding extra features like additional drawers keeps the room updated without breaking the bank.
Master Bedroom/Suite - The master bedroom is a very high priority for home buyers and making the right changes can greatly improve the overall value. Typical flat ceilings can be altered to raised tray ceilings which in turn bring several lighting options to the table. Recessed lighting with dimmers and either modern or traditional wall sconces help build that coveted ambiance which is highly effective in appeal and home value. High ceilings also allow the room to have taller dressers, mirrors, light fixtures, windows and headboards to really give it the grand style of luxury.
We’ll be continuing our blog topic on increasing the value of your home in our next post. Any questions yet?