5 Projects to Add Value to your Home
As of today, we seem to be headed into a more balanced real estate market. So you want to get the most value out of your home when you decide to list with us. If you consider your home an investment, then you want to make sure you are getting the greatest return on that investment. Check out these 5 projects to add value to your home before you list your home in The Blue Mountains for sale.
If your kitchen has not been renovated recently and looks like something out of a 80s sitcom it may be time for a couple of upgrades… in fact according to Royal LePAGE Experts “a kitchen renovation is the most worthwhile home improvement since it can increase the value of your home by 20%”. Ikea offers a variety of kitchen updates including some refreshing cabinets, and kitchen islands that can help improve your space while adhering to a budget. Including but not limited to a fresh coat of paint. Paint can do wonders! If your kitchen is in great condition but needs a little colour update, you can add a splash of paint to cupboards, and drawers giving it a refreshed look. Benjamin Moore offers a great guide on how to paint kitchen cabinets properly. Check out Ikea’s guide to Planning and Buying an Ikea Kitchen Yourself also look at Thai Caliente’s blog on tips if you are going to do the Ikea Kitchen option to add value to your home.
When determining property value the second most popular room in the home is the bathroom. According to Royal LePAGE professionals “bathroom renovations can increase the value of a home by 16%”.
Replacing any outdated cabinet hardware, light fixtures and faucets can instantly uplift your space and is a project that will add value to your home. Get all matching hardware so your home has a sense of flow and cohesion. Alternatively, say your cabinets and drawer hardware is still good, just doesn’t go with the colours of your freshly painted home – consider painting them as well! Or give them a good buff and shine to make them appear as good as new. Surfaces we touch daily lose their lustre over time, and a deep clean can make it good as new.
If you are looking to improve with paint: Check out Average Inspired blog on how they upgraded their bathroom faucets with spray paint or Artsy Chicks Rule’s blog on updating her light fixtures with chalk paint.
Another major feature people look at when it comes to purchasing a home is the flooring. If you have carpet, consider swapping it out with hardwood or a nice laminate which will add immediate rise to your property value. If you have wild patterned tiles, or boring yellowing tiles, try giving them a facelift with a coat of primer and a splash of paint! Check out Farmhouse living’s blog post on how she updated her tile floors. You don’t need to add a pattern like Farmhouse Living, but it’s a great guide on how to properly paint your tile floors.
If your home has an unfinished basement, consider finishing it before you decide to list your home for sale. A finished basement also adds a ton of value, to be precise “finished basements and basement apartments have the potential to increase a home’s value by 15%” according to surveys. Basement renovations don’t need to cost an arm and a leg, or be uber custom or extensive. It really depends on what the current state of your basement is. If you are able to refinish it, or if you want to leave it as an “as is” situation will affect the value to your home. Home Depot has a great guide on How to Finish a Basement.
Now after reading 5 projects to add value to your home, some of these tips may have got you thinking “well, I’m going to be selling my home, why would I put more money into it?” Well, dear reader, you ultimately need to think of it as an investment into increasing your home’s overall property value. These improvements will ensure a greater return on your investment therefore will help you to buy or build your next dream home. Want to learn about some Environmental Home Swaps to Increase Home Value? Read my blog here. Looking to chat about new upcoming developments and pre-construction homes in The Blue Mountains or Meaford? Check out our blog and contact us today!