If you want to increase your home’s value, speak with a general contractor. There are many ways that you can turn an outdated home into a beautiful and updated one. By focusing on specific areas of your home, you can improve the value at the same time. The key is to put your money into areas that will count towards increasing your value. For example, adding extravagant wall finishings may look spectacular but may not add any more value than a fresh coat of paint would.
We build and remodel homes on a regular basis and understand how to allocate a remodeling budget in order to increase the value of your home. Here is what you need to know:
Spend the money on your kitchen.
The kitchen is one of the most popular rooms in a home and also the most expensive. When you remodel it, buyers will notice, and the value of your home will go up at resale. We suggest tearing down walls in your kitchen to make it open and airy. Open concept floor plans are extremely popular, and we can knock down walls in order to create a kitchen, dining room and family room combination space. As a general contractor, we recommend replacing your appliances as well so that buyers will see the updated fixtures, cabinets and appliances as a complete package.
Focus on your bathrooms.
Bathrooms are easy to remodel because they are such small places. You can buy a new vanity, sink, mirror, and toilet along with replacing the flooring and painting the walls in order to completely transform your space. A bathroom can be updated quickly, and the results are dramatic. When you spend money on your bathroom, you will get it back when you sell your home.
Expand your footprint.
Creating additional square footage is the best way to increase the value of your home. When building an addition, consider adding at least one bedroom and one bathroom. This will increase your home’s value because each of those rooms is assigned a high dollar amount in an appraisal. Even if you are using the space for a study or library, by building in a closet it will technically be a bedroom.
Finish your basement.
This is an easy way to have more finished space without spending a ton of money. Since the walls and floors are already in place, all you need to do is finish it in order to have additional rooms that your family can spend time in. If your basement is all below grade, the value will be less than if you added square footage to the rest of the home, but the cost will be less as well.
As a general contractor, there are additional things we can do to add value such as replacing your windows and roof. These are more structural issues, but they will make your home look newer and the windows will provide additional insulation in the winter and the summer which helps with energy efficiency. To learn more about what you can do to improve the value of your home, give us a call.
