Do you know that you can make good money from it if you sell your old house? Today, in the modern age, the resale value for a real estate asset is really high. Real estate resale value in recent times is sky-high at this point. Since this scenario has risen, more and more people will resell their real estate for profits. But, the situation is not as simple as we see it to be. You can obviously sell your home, but if you want to get a high value from it, you also need to invest some money to renovate your home, which will boost the value dramatically. For instance, you need to renovate the kitchen before resale the house since it is an integral part of your house, and many people actually check out the kitchen before they buy the estate. You also need to remember an essential thing that all experts say, not all home renovations are important, and not all will add value to your real estate.
Kitchen Renovation
The kitchen is sometimes referred to as the “Heart of the Home.” Investing in kitchen renovation will surely add resale value to your home. However, you also need to understand that spending too lavishly on kitchens wouldn’t help you in the long run. Most people are seen to have a special attraction towards the kitchen, and they somehow end up spending a lot of money on the kitchen to give it a luxurious look. It is very less likely that you would sell your house based on your kitchen. Therefore, rather than making your kitchen very lavish, make it symmetric to the house so that it actually sets in with the rest of the house’s décor.
Also, buying new appliances will boost the value of your home. For instance, change your old appliances to new star rated appliances, which decrease energy usage. This will add a lot of value to your home.
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Adding an Extra Bathroom
Adding an extra bathroom will increase your resale value by about 30-40%, and it will give you the hike you require. If you have one bathroom, then add another bathroom, something like a half bathroom, and people can sometimes use it. You may also add a bathtub, which requires around 35 sq. ft. area. You may also add elegant sinks, which will add significant value to your home.
Reinventing a Room
Use your home area effectively to make another room. This may sound weird, since why the heck would you add another extra room. But, this can add extra value to your home. Sometimes, you will see you have lots of unused space in your attic or basement, try to use it effectively. Use it effectively, and give a hike to your property.
Replace Old Windows
For the new modern age buyers, energy-efficient homes are a plus, and old windows turn off for them. Therefore, replace the old windows, and bring in new windows which minimize the power use, which can help you save some money.
Renovate Plus is a home renovation contractor in Toronto with the best rates for kitchen, bathroom, and basement renovation. Call them to know more.
