Adding Value to Your Home
Thursday, February 7, 2013, 2:00 AM | 11 Comments
As we all know, today’s housing market isn’t the greatest. With values declining and homeowners struggling to sell their houses, people are looking for other ideas to add value to their homes. There are many ways to go about trying to add value to their homes, and a lot of options can be done by the motivated do it yourselfer.
Whether it is interior or exterior changes, these subtle differences can pay off in the long run.
For the homeowner on a strict budget there are many things that can be done relatively cheap if you do it yourself. For example, painting is one of the most cost effective things a homeowner can do.
Let’s say that the outside of the house looks great and the inside looks like it needs repainting, then doing this yourself will save you quite a bit and will improve the look of your home. It usually doesn’t take too long to paint the interior of a house.
If you have a free weekend and a few sets of hands, this can be done rather quickly depending on what is getting painted.
Another relatively cheap idea is adding a fan to your bathroom if it is not equipped with one already.
Other than the kitchen, the bathroom is one of the most expensive rooms in the house to refurbish. People will think that adding a bathroom fan is no big deal, but in all actuality all the steam and warm water will do expensive damage over time. It would be best to install a fan that is rated for double the size of the bathroom.
Exterior:
When someone first looks at your home what is the first thing they see? Exterior appearance is one of the most important things to a homeowner. If your home’s exterior is in need of revamping there are a few common things that can be done to fix your issues.
Over time a home’s roofing will need to be redone, and can be done rather inexpensively if done by yourself. Roofing can be costly if done by a company but the average do it yourselfer can do it.
Cleaning out your gutters regularly can help your roof because if they are clogged there could be an added weight on top of the roof due to bad drainage. Also, if you are able to get on your roof you can change any green shingles or even all of them with a few sets of hands in a weekend.
Another common exterior appearance improvement homeowners can make is to keep their lawn neat and clean looking. This is one of those things that any homeowner can do by themselves. If you don’t like plants or flowers everywhere that is fine, but keep your lawn neat and that will make your house look great.
Interior:
Your kitchen is one of the most important rooms in the house and should be treated like it. If anyone is looking to upgrade their kitchen, remember bigger is better.
Having a big kitchen will add a great deal of value to your home, and if you have newer appliances, the value will only go up. The new thing is to have energy efficient appliances which will save you money in the long run.
Another overlooked interior upgrade is to have a home office. With people working a lot more now a days, homeowners like to have an office type room with a computer and work area. This room can add value to your home along with a master bathroom.
Having a nice sized master bedroom can do wonders for a home’s value especially of it has its own bathroom and a nice sized walk in closet.
Some other areas of the house that can make the value go up are the basement and attic. A finished basement is worth much more than a basement used for storage. A basement (depending on the size) should be used as an entertainment area , but keep in mind that you more than likely will not get whatever you put into a basement if you had to finish it.
The same holds true for the attic. If you have room you can utilize it as an extra room if the floor is reinforced and there is adequate cooling and heating.
These are just some simple ideas for improving the look and look of your home with today’s housing market being the way it is. More ideas can be found in this adding value to your home guide.
If you are the do it yourself home owner, you can save yourself a great deal of money if you have the resources to fix things without hiring a home contractor or company who specializes in a specific area.
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Mark Scheets is a writer for Total Mortgage Services. Be sure to check out our Total Guide.
11 Responses to “Adding Value to Your Home”
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