Home Improvements That May Increase Your Property Value

In this economy it is easy to rationalize putting off home improvements.  However, some home upgrades may actually increase your property value.  Take on one of these renovations as an investment in your home’s value.Bathroom Addition/Remodel: While revamping an existing bathroom or adding a new one altogether may seem like an expensive undertaking, it can actually be a smart venture.  According to CNN Money the return on your investment for a mid-range bath modernization or addition is 102% of the project cost.  And, as anyone who lived in a home with too few bathrooms can attest, additional bathrooms can certainly increase the retail value of your home.  The highest value adding amenities in bathroom projects include his and hers sinks, heated floors, steam showers, whirlpool tubs, and ample storage.Flooring: Flooring upgrades throughout your home can increase your property’s retail value.  Significant upgrades can include transitioning from linoleum to ceramic tile or moving from carpet to wood or laminate flooring.Exterior Improvements: When it comes time to sell your home, the first things buyers will see is the property’s exterior.  Common exterior renovations include painting your home to eliminate dated or fading exterior colors, paving a driveway or front sidewalk, or maintaining attractive and easy-to-care for landscaping.  In the meantime, you and your neighbors can enjoy your improved home façade as well!Add Space & Lighting: Open spaces and bright lighting are popular real estate trends not likely to change anytime soon.  Thus, if your home has small rooms, a prohibitive floor plan, or a lack of natural light, you may want to consider knocking down some walls or otherwise opening up your floor plan.  By combining key living spaces such as the living room, dining room, and kitchen into one larger more open space, an otherwise dark and cramped home can begin to feel light and airy.  In addition, a more open arrangement can help to make a space appear larger.To begin your investment enhancing remodels and renovations contact Homecare Inc.