4 Renovations That Raise Your Home’s Value
There are two kinds of home renovations: ones you do for yourself, and ones you do for the next person to own the house. Having work done always costs money, but there are plenty of renovations that raise your home’s value, thus paying for themselves in the long run.
Let’s take a look at 4 of the most lucrative home improvements you can do. *Tim Allen noises.*
When it comes to selling your house, no other room is more important than your kitchen. A kitchen that needs thousands of dollars of work to bring it up to the buyers’ standards can easily be a deal-breaker.
Basically, anything you can improve will pay dividends down the line. New appliances, new sinks, new countertops, new cabinets… all these things will help your home fly off the market.
Knock Out The Walls
Okay, we don’t mean ‘take a sledgehammer and go to town.’ But open concept living areas are very much in vogue. If your house is older, it may have more segregated rooms. You can improve the value of your house by getting rid of non load-bearing walls and opening up your living room, dining room, and kitchen.
This one isn’t flashy, but it can make a big difference. After the kitchen, bathrooms are probably the most important factor in selling your house. Solid caulking around the rim of the tub will help keep out mould and mildew. Apart from being better for you, a sparkling bathtub will also make a good impression on potential buyers.
If you’re still rocking the shag carpeting, you’ll probably want to make a change before putting your home on the market. In general, buyers want hardwood rather than carpet — at least in common areas.
Although having hardwood installed can cost thousands of dollars, quality flooring can last decades. In general, you will get a pretty substantial return on the investment when you sell the house.
We hope you enjoyed reading about renovations that raise your home’s value!
It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.
Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!
The Moneymade team