Knowing what to spend on renovations is an important aspect of successful property investing. When done properly, renovations will help boost the value of your property.
Below, you’ll find some tips when renovating your property to increase its value.
Kitchen Updates
Updating your kitchen can add value to your home, but it’s also important to be careful. Consider the cost of materials vis-à-vis the value. Also, consider which parts you want to renovate, as you may be able to get more or less depending on the ones you decide to prioritize on.
To add value to your kitchen, keep these tips in mind:
Color Palette
For long-term value, light natural colors, clean lines, and simple lines are the way to go in a kitchen. Avoid color palettes and flamboyant features which have a detrimental effect on a kitchen when trying to sell your home.
Your kitchen will look more open and spacious when you use light colors. In fact, it’s for this reason that many people like white kitchens. White kitchens also look timeless.
Floor Plan
Nowadays, open floor plans are in high demand. This is especially when the kitchen opens into a dining or living room. Open plan spaces let in more natural light and help improve the flow of a home.
Benchtop
The benchtop is arguably the most conspicuous element in a kitchen. You can boost the wow factor and ensure its longevity by choosing a quality stone finish. Since you’re looking to add value to your home, choose a more affordable and manufactured stone.
Storage
No one can downplay the importance of having plentiful, practical storage in a kitchen. Abundant storage helps you free up valuable space for cooking and entertainment. Concealed disposal units, ample refrigeration and plenty of pantry pace are some ways to help keep your kitchen looking clutter-free.
Bathroom Updates
Besides kitchens, bathrooms are also a big factor home buyers consider. Trade out your dribbling shower for a luxurious massaging one, or ditch the cracked porcelain sink for a classy stand-alone pedestal sink.
To add value to your bathroom, do the following:
Add heated floors
Heated floors add extra comfort to any bathroom. They also help make a bathroom a relaxing place while boosting energy efficiency.
Upgrade to a frameless shower
One benefit of having a frameless shower is the sleek and modern design. Modern bathrooms are all about flow, fluidity, and openness. Also, their open designs bring in elements such as sprawling vanities, contemporary bath fixtures, and decorative tiles.
Add shaker cabinets
Go for higher-grade shaker cabinets. Quality stained shaker cabinets are beautiful and timeless. Their appearance and finish, like all wood cabinets, will add value to your home.
General Home Upgrades
Besides your kitchen and your bathroom, there are other areas in your home that should get updated. Below are some general upgrades you can make.
Increase light and space
When it comes to real estate, dark cramped rooms are no good. To increase the value of your home, open up the house to create a flow of natural light. You can also brighten up space by knocking down some walls.
Create a Home Office
A home office can really add some value to a home. More companies are giving employees the option to telecommute. You can convert that extra space lying idle in your home into a home office.
Landscape & Curb Appeal
The first thing that catches the eye of a potential home buyer is the look of the exterior. It goes without saying that first impressions matter a lot. As such, make sure that the landscape and curb appeal are up to par.
Conclusion
There are plenty of ways to add value to your home. As long as you take the time to plan accordingly and don’t overspend, you can really add value to your home. Follow the tips mentioned above. You’ll be glad you did!
Author: Joel Sidaka
