Ways You Can Improve Your Home to Increase Property Value

Home improvement is something that’s done for many reasons. Whether you want a complete change in scenery or you plan on selling the home sometime in the future, there are plenty of ways you can do some home improvement. In this article, we’ll be going over a few ways for you to do some home improvement and increase the property value.

Add Some Extra Space

One of the best ways to improve your home is to add extra space. Most, if not all, homes are priced by how much space it has. To be more specific, the price is measured by the amount of square footage. Though keep in mind, that installing extra space can be one of the most expensive renovations you can get. The average cost of adding extra square footage can be somewhere between $85 to as much as $300 per square foot.

Many spend an average of $25,000, but how much you have to pay depends on the room and how much space you actually want. Since the cost of this particular renovation is so high, you might not be able to afford it on your own. But there are other ways to finance such a big project. The fastest and most convenient way is to look into loans with low monthly payments. Personal loans in particular are your best option due to how you can use it for pretty much anything.

Install Smart Technology

Smart technology has become a staple in almost every household. Not only do they make the house more comfortable to be in, it can even reduce how much you have to pay each month. Here’s a quick list of smart technology to implement into your home:

  • Thermostat
  • Locks
  • Refrigerator
  • Bulbs

Over the years, there has been a booming number of smart technologies. Those listed here are only scratching the surface of what’s in a home these days and homebuyers love to see a potential house that has these installed. They’re actually considered to be an amenity, like a pool. Smart technology can raise the property value by a large margin depending on what’s currently installed.

Remodel the Bathroom

If there’s anything that can cause your home to skyrocket in value, it’s a full-scale bathroom remodel. Compared to the standard renovation, which is usually a simple appliance replacement, a remodel means redoing the whole room. There are plenty of remodeling ideas for the best ROI, so you’ll be able to incorporate your own tastes while also raising the value. In the case for a bathroom, this means a new shower or tub, a new toilet, new flooring, and even new wall tiling. However, a full-scale remodel is very pricey. It’s not as expensive as adding space, but you still might have to use a loan to finance it. Home improvement may be an investment, but it’s one that can yield a massive profit in the long run. In fact, it’s a pretty common thing for people to spruce up their homes just to get more money when the time comes to sell the house. Make sure to sit down and assess what your home needs.

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