If you have lived in your home for an extended period of time, it is likely that your house could use an update or a remodel. There are many ways that you can update your home whether it be inside or outside. You could install a new swimming pool or entire pool deck or you could update your kitchen or bathrooms inside. Whatever you choose to do, you will likely be adding some value to your home.
This article will provide some tips to increasing your property’s value with a remodel.
Remodel or update your kitchen
Did you know that remodeling your kitchen will get you the most return on your investment? Some experts predict that by upgrading your kitchen, you could be adding up to 7% of value to your property! That is a big chunk of change! The great thing is that you do not have to invest thousands of dollars to reap the benefits of an increase in your property value. Simply investing in new stainless steel appliances or replacing your old counter tops with quartz can turn your modest investment into a decent sized payout when you go to sell your home. If you want to learn more about kitchen remodeling be sure to check out our Kitchen remodeling guide. If you are interested in remodeling your kitchen and you live in Orlando, then kitchen remodeling Orlando must be your first choice.
Finish your basement
Adding livable room to your overall square footage is a smart way to increase the value of your home. Nowadays with people having larger families or wanting to offer their in-laws a place to stay that is tucked away from the main part of the house, extra bedrooms or in-law suites are highly desirable. Creating a unique space in the basement that can be used as a movie or game room, or an extra guest room is a way to attract buyers. If you are not in the market to sell your home, you can benefit greatly from the additional space that was there all along but not as usable as it is when finished off. A finished basement is estimated to add up to 6% of value to your property.
Install solar panels
Investing in solar panels can be a big out of pocket expense up front but it will not only save you a great deal in savings on your energy bill, but you will also be helping the environment. If you choose to install solar panels, be sure to look out for tax breaks offered by the government that will make your investment an even better deal. If you want to learn everything about solar panel check out our Solar panels guide. If you do not have the money to invest in solar panels, consider adding LED lights or replacing windows with high efficiency windows. Energy star certified windows can save you money on heating and cooling your home and will also add value to your property.
Updating and remodeling your home can be a great investment and there are many things to choose from. If you choose from one of the ideas we described in this article, you are sure to see a great return on your investment.