The housing market is on the up and up. Don’t let the time pass you by without taking the time to capitalize on your home’s value with small upgrades that’ll give you big-time results. Whether you’re selling now or in the future, here are the top ways you can add value to your home.
Upgrade Your Kitchen
The kitchen is still the key ingredient buyers look for when buying a home. The fact remains so much so that many first-time buyers admit that looking the kitchen helps them ultimately determine which house to buy. But unlike the kitchen remodels of the past, you don’t need a total re-do to get a big return. Adding a new countertop or changing the backsplash can have a serious impact on your wallet. In fact, according to a Time Magazine report a minor kitchen remodel has a 79.3% ROI (Return on Investment). That means that adding stainless steel appliances or high-end countertops can add as much as 3 to 7 percent in your sale price.
Build a Better Bathroom
If kitchens are the first thing to draw in buyers, then bathrooms are a close second. From switching your sink to upgrading your flooring with a stand-out tile pattern, these little improvements go along with to potential buyers. According to that same Time Magazine report, a mid-range $16,724 remodel can have as much as a 70% ROI. This compares to the upscale remodel that cost $113,097 and only gave you 59% ROI. So, forget the hefty bill and stick to the mid-range upgrades that give you the most bang for your buck.
Finish Your Basement
Taking the time to finish your basement is the most common way to add square footage to your home and equally boost your home’s value. According to estimates from HomeAdvisor, most homeowners spend between $10,000 to $27,000 on a basement and the return is huge. The basement finishing experts, Aspire Construction, understand the importance of finishing a home’s basement. Their basement conversions transform unused space into a fun and functional living areas that add value to any home. They found through years of experience finishing basements in Utah, that quality work, creative spaces, and fair pricing give their clients the best return on their investments.
Don’t Forget the Outside
Ever heard the expression, “You never get a second chance to make a first impression?” Well, that couldn’t be truer when it comes to selling your home. Every potential home buyer is looking for that “wow” factor. Don’t leave them wanting more when they first see your home. Luckily, adding curb appeal isn’t as tricky as you might think. It can be as easy as adding light fixtures around your door, painting the outside of your home for a fresher look, or sprucing up your front yard landscaping. Whatever it is, don’t let the outside of your home keep potential buyers from seeing what’s on the inside.
Increasing your living space with a home addition can be a very rewarding challenge. Homeowners looking to increase their home’s value should consider adding additional space in creative ways. Aspire Construction has years of experience building home additions throughout the state of Utah. Beam for beam they match your addition to fit seamlessly into your home. This gives potential buyers more square footage without even noticing the addition wasn’t there in the first place. Whether you’re looking for a larger main room living area, mother-in-law apartment, or anything in between, home additions could be the key you need to increase value to your home.
Strategically increasing the amount of living space in your home is sure to increase your home’s value. According to Consumer Reports, an “open floor plan with flexible living space” was millennials’ second most desired feature when looking for a new home. This means that when you’re looking to boost your home’s appeal to potential buyers, you need to open up. Add square footage and appeal by knocking down the walls that separate your main living space. Increase usable square footage by adding double-duty rooms that serve a variety of purposes. These small tweaks to your floor plan will have big returns on your investment.
Ready to increase your home’s value? Contact the home experts at Aspire Construction today to learn more about their home services today.