Home value can be increased in various ways. You can go for a partial or complete makeover of your home to increase its value. One of the best ways to increase home value is by renovating kitchen and bathroom. Prospective buyers and tenants look at these two places closely when they visit the property for inspection. You can add an extension to the kitchen to create more space. You must have your own renovation ideas but first consult a professional home renovator before taking any decision. Use a local bathroom company for renovation services.
Who Will Use the Home?
Decide this thing before you invest in bathroom and kitchen renovation. Avoid using any non-standard design ideas for these places if you want to put up your home for sale or rent. Go for unique and trendy ideas only if you plan to live in the house yourself. Your renovation ideas may be highly appealing to you but may not be liked well by others. Stick with the standard yet modern design ideas for renovation if you plan to sell or rent your house.
Take Help of an Appraiser
A professional appraiser will assess your house and determine its present market value. The report will also tell you how much to expect for your home after some renovations. This report helps know the features that can improve the resale value of your property. When done right, a renovation job will help you get better return on your real estate investment.
Stick to the Common Options
Choose the right colors, style and theme for your bathroom and kitchen renovation. You may want to install bright color tiles and ornate fixtures but think about prospective buyers or tenants when taking such a decision. If you choose some non-standard design and style options, there may be very few people who share your enthusiasm. They may find such designs and colors gaudy and unappealing. If your goal is to sell or rent your home, stick with the traditional mid-range design options.
Different Levels of Renovation
If the kitchen is quite old with many structural parts, cabinets and other items in damaged or worn-out condition, you can go for a complete overhaul. It may even require demolishing some parts and starting all over again. On the other hand, you can limit the renovation to cosmetic changes or replace only the damaged, old and worn-out parts. Replacing the tiles and refinishing the cabinets may be sufficient in most cases. However, you should always replace the damaged parts, or they pose the risk of injury.
Renovating Kitchen and Bathroom When on a Budget
Go for only cosmetic changes if you want an affordable renovation plan. If you want to replace many items on a small budget, choose products and materials that cost less. Avoid fancy and expensive items. Focus on the most important parts before moving to the less significant items. You will avoid spending too much with these renovation strategies.
Can Renovation Increase Your Home Value?
Yes, most studies show the house value increases after bathroom and kitchen renovation. These two places are under close scrutiny of prospective buyers. The kitchen is the place where lots of items undergo extensive wear and tear due to heavy everyday use. They start looking worn out and dull. Such a look of a kitchen leaves a poor impression on the visitor.
Consult Your Real Estate Agent
With this consultation, you will avoid the mistake of renovating something that will add no value or not renovating something that can add value. Real estate agents regularly take prospective buyers for property inspection visits. They are aware of the features that current property buyers demand a lot. Contact the real estate agent you plan to hire to receive inputs about the features you should install during kitchen and bathroom renovation to get a higher value for your home.