Property

4 Practical Home Renovations That Significantly Increase Your Home Value

Do you know that if you sale your old house then you can make good money from it? 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 of time. Since, this scenario has risen, more and more people are going towards reselling their real estates 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, then you need to also invest some money for renovating your home, which will boost the value dramatically. For instance, you need to renovate the kitchen before you 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. But, you also need to remember a very important thing, that all experts say, not all home renovations are important and not all will add value to your real estate.

Kitchen Renovation

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 of the people, are seen to have a special attraction towards kitchen, and they somehow end up spending a lot of money towards kitchen to give it a luxurious look. It is very less likely, that you would just sell your house based on your kitchen. So, 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 décor.

Also, buying new appliances, will also 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 just have one bathroom, then add another bathroom, which will be something like a half bathroom, and people can use it sometimes. 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 are a turn off for them. Therefore, replace the old windows, and bring in new windows which minimizes the power use, which can help you save some money.

Renovate Plus is a home renovation contractor in Toronto who has the best rates, for kitchen, bathroom and basements renovation. Call them to know more.

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