While making additions to your home can be somewhat costly, it’s one of the best ways to add value to your property. The key is to know which additions increase the resale value the most.We spoke with Leeds based (but can buy property all over the country) Zoom Property Buyer who let us know about these amazing home additions that can add value to your home when you come to sell it. Let’s take a moment to discuss a few renovations that are more than worth the investment.
1. Kitchen Expansion
If you want to get the most bang for your buck then one of the first places that you should start your renovations is in the kitchen. Specifically, you should consider adding a few extra square feet to this room. People tend to spend a lot of time in this area. The more space they have to move around in, the better.
Adding an extra bathroom to your home is a great way to increase your property value. In fact, research suggests that you can get as much as a 53 percent return for this project. Even a half bath can make a huge difference. Consider adding this room to your basement. Or perhaps you have a large hall closet that you’re not doing anything with.
Another excellent addition is a deck. A lot of buyers are interested in homes that have outdoor spaces. According to a survey conducted in 2007, patios were considered to be among the top ten features that people look for in a new home. And they’re willing to pay premium prices for them. This means that you’ll be able to enjoy the great outdoors during the summer months and get awesome returns when you’re ready to sell.
4. Energy-Efficient Windows
When shopping for a new home, buyers also tend to consider how much they’ll have to spend on cooling and heating. One of the best ways to attract offers is to replace your old, drafty windows with those that are energy efficient. Not only will this increase the value of your home, but it can actually save you hundreds of dollars per year in utility costs. And you may qualify for certain tax credits, depending on what state you live in.
One of the first things that attract the buyer’s attention is curb appeal. In fact, if people are not impressed with the exterior, there’s a good chance that they won’t bother looking at the interior. If you want to increase the value of your home, then you should consider adding accents to your landscaping. Perhaps you should plant a garden. Maybe add lawn furniture. Plant a few trees.
6. Second Story
Second stories are a major undertaking. However, it’s an excellent way to add a lot of extra square footage to your home. And as a result, you’ll greatly increase its resale value. The key is to work with an architect or builder who will make sure that your foundation and structure can handle the weight.
If you want to get the highest resale value from your property, then it’s essential that you consider what will appeal to your future buyers the most. Might be worth taking out a secured loan to help the finance. Most appreciate more square footage, energy efficiency, and curb appeal. If you make the right renovations, you can expect a huge return on your investment.