Home remodels could add value to your property. Tiny upgrades such as granite counter tops, updated bathrooms, and stainless steel appliance make a house much more appealing to buyers. They also help the house stand out in the real estate market. A home’s value could significantly be increased by large scale remodeling. But, you also need to remember that not all upgrades can add value to a house.
Types Of Home Remodels
Home Remodeling magazine said that renovating a kitchen could add between 80 and 1005 percent of the cost to the home’s value. That means a kitchen remodel that cost about $20,000 could add from $16,000 to s$20,000 to the value of the home. A house that was appraised at $200,000 can now be worth $220,000. Kitchen remodels may include things like installing new custom cabinets, countertops, lights, wiring, and top of the line appliances.
The number one upgrade in your home’s exterior that could add value to your house is new siding ranks. Faded and old or cracked siding significantly damages the curb appeal and would put the house into the fixer upper category. In case potential buyers notice an unappealing or damaged exterior, they will not expect much more from the inside. Changing the siding will instantly improve the curb appeal. Giving the yard a refreshing new look using new flowers and shrubs could enhance the curb appeal and will make the house much more marketable.
The Home Remodeling Magazine also says that bathrooms offer homeowners the opportunity to boost the home value. Bathroom remodels can add as much as 115% of the costs to the value of the home. For instance if you have a house that’s worth $200,000, a bathroom remodel that is worth $10,000 could boost the value of a home to at least $210,000.
When updating your bathroom, you can replace the fittings and the fixtures, retile the floor, and add a large soaking bath. Adding another bathroom to your home is also a good idea. This type of home remodel Myrtle Beach offers at least 100% resell value.
Bathroom remodels don’t have to be very expensive in order for it to add value to a house. It can be as simple as replacing a dated tub, tile, or toilet. You can also add an instant appeal to your bathroom by freshening it up with new lighting fixtures and new linens.
Insulation does not do anything to the visual appeal for a home. However, it does wonders when it comes to improving the energy efficiency of your home. Planet Green says home improvements that boost the efficiency of a home return 250% of their investment. The installation of an efficient heating and cooling system is also great for Mother Nature and the value of the house.
Solar heating and geothermal heat pumps are green home improvements that can help make a house stand out from the rest on the market.
Increase Living Space
Adding a sunroom or a deck can increase your living space and even add more value to your home. Homeowners who decide to add a deck to their houses can expect to get back about 76% of their investment once they decide to sell the property. Transforming the attic into another bedroom with lighting, windows, as well as custom seating will increase the living space and make a house much more desirable to potential homebuyers.
Call Keystone General Contracting if you are considering remodeling your home to boost the value of your property.
Keystone General Contracting
Myrtle Beach, SC