Which Home Improvements Add The Most Value?
A standard approach to adding value to your home is by renovating and remodelling, whether through a large project (building another room) or less significant (a coat of paint). However, choosing the wrong renovations can often cost you a fortune, and wind up adding nominal value when it comes to selling your house.
Here’s a rundown of the best value home improvements that will reflect on the bottom line when you sell your home.
Create Curb Appeal And Front Yard Landscaping
There’s no doubt that first impressions count, and if the front of your house is unattended and unattractive, potential purchasers are less likely to want to go in! And improving the front facing areas of the house needn’t be expensive. Make sure the garden is tidy, grass is mowed, and perhaps add some colour with plants in the front. Add pots if planting is not an option, and consider painting your front door to help make your house stand out.
Building A Deck
Building a deck is relatively affordable, and adds instant additional living space. It creates a space that enables the home owner to more easily entertain guests, and provides the ‘indoor-outdoor flow’ that has become such an important feature to our modern lifestyles. These are all features that will enhance the value of your property.
If there’s one thing you do, make it insulating your home – it will add instant value to your home. Homebuyers tend to regard a well insulated home as a necessity, and with the programmes available to assist you it’s now more affordable than ever. Visit www.energywise.govt.nz/funding-available/insulation-and-clean-heating for information on assistance that is available to you.
Update Your Kitchen
The kitchen is a place that will be used many times a day, every day, and people generally look for a kitchen that is easy and pleasant to use. An investment into your kitchen can certainly do wonders for the value of your home, and you are able to customise the kitchen remodelling to suit your budget. If you’re looking to improve your kitchen, but don’t have a lot to spend, then restrict your improvements to recovering benches, front of drawers and cabinets. New handles can make a big difference to the overall appearance of your kitchen, and don’t have to cost much. Consider installing a splashback if you don’t have one. They instantly lift the room, are very practical, they can visually tie a room together, and the investment is nominal.
Old fashioned bathrooms make an enormous impression on potential buyers, and can date a house instantly. Replace the taps and cabinets, and modernise the lighting, and you’ll have an entirely new room! Replacing an old fashioned wallpaper and replacing grout that has stained will also have a bit impact at comparatively little cost.
While building another room onto a house can be expensive, repurposing a basement can cost a fraction of that price, and can provided an additional living space. They can be used as a second living room, or a games room, and depending on the size and arrangement could possibly be turned into a small apartment for a tenant or aging relative. It can also be a wonderful provision of extra storage space. Just be sure to get professional assessment on how measuring and controlling moisture.
All of these tips will add value to your home, and will likely yield a return beyond their cost. If you need help with a personal loan, get in touch with us. We offer some of the best personal loan interest rates, and it’s so easy to apply online here or contact 0800 Lend2U (0800 536 328) to see how we can help you.
And when you are ready to buy your next house, you might like to read Buying A House In New Zealand.