Now that you’ve spent a good year of quality time in your home during a pandemic, you’re probably itching to begin that addition and remodel you’ve been wanting to do for so long. You need more space to work from home, and, especially now with kids virtually schooling, there is no better time to consider an addition. You want to be savvy, however. It’s important to you that you make sure to prepare for the future. Here are a few additions that can increase the value of your home.
Update Your Kitchen and Bathrooms
There are relatively few times that updating a kitchen and bathroom will not increase your home value. Unless your tile is vintage and in fashion, or you have a hundred-year-old farmhouse sink redoing those spaces only helps. A kitchen or bathroom redo immediately opens up and refreshes a space, often utilizing spaces that weren’t available before. If, for instance, kitchen cabinets go all the way up to the ceiling, or have pull-out drawers and specialty shelving for things like cookie sheets and pots and pans, your kitchen update will make any baker delighted! Extra space in both rooms is always at a premium, so having the right height cabinets with extra storage makes a massive difference.
A Finished Basement
It’s surprisingly not expensive to add a finished basement to your existing property. If you have wanted a rental property, this might be a great option for you to add an apartment space. Having a rental will easily and quickly pay off the cost of the remodel and add value to the home during that time and after. Don’t worry if you don’t know yet what you’re doing! BiggerPockets is a great resource for learning about how to manage rental properties and dealing with tenant issues.
Besides common changes like adding steel doors and new garage doors to properties, one minor build which can increase property value and ability to sell later is building a wood deck. Composite decks do not have the same charm and payoff in the end. Wood decks, however, offer a beautiful outdoor room to use and enjoy. They even recoup over eighty percent of the value of the remodel. And, they’re peaceful and relaxing!
Enjoy planning and remodeling your lovely home! Only you know exactly what things need shifting about and reworking. Soon it can be the luxury space you deserve.