Most people want to increase the value of their home in some form or fashion as the years go by. Whether you intend on selling in a year or two or are going to be staying for a long time, doing more than basic upkeep on your home as years pass is a very good idea. You can save yourself a lot of time and headaches when the point comes that you are ready to sell
If you are not planning on selling anytime soon, renovations can create maximum enjoyment for you and your family in your home while you live there. We have found that a lot of people are ready right now to make home improvements because their yearly bonuses and tax returns are arriving. Here are the top three areas that are great places to invest your money into your home:
Updating Kitchens and Bathrooms: Undoubtedly, this is the first place people look when they come into your home. When investing dollars into kitchens/baths, you get the most bang for your buck. Kitchens and baths are the first areas that people start to notice out of date items. Guests may have varying opinions about whether or not you actually needed to add that window seat in your living room, but, everyone is going to be in agreement about an out-of-date kitchen needing remodeled.
Outdoor Living Space: This type of renovation is all about comfort and graceful transition from your indoor living space. Make sure the area is multi-purpose, so any family can easily see the space utilized for themselves and their interests. Large, covered outdoor areas, entertainment space, and dining/grilling areas can definitely increase the selling factor of your home. We have had a lot of people ask about an outdoor living space in the last couple of years. They are gaining in popularity, and when designed and done right, can give your home maximum value.
Energy Efficient Improvements: Last but not least we can’t overlook the items that will increase your home's energy efficiency. While you live in your home, investing in your home's energy efficiency is worth it. Changes might include new windows, insulation, faucets, and lighting. Spend a little money on a Home Energy Audit and find out if you are literally throwing money out your window. When you go to sell, the dollars you have invested into this facet of your home relays to a buyer that you were a homeowner who took great care in maintaining your home. It's kind of like getting regular oil changes. Your home needs to be continually gauged to ensure it is operating efficiently. Anyone who owns your home next will be glad you did, and will happily pay you for having done so.
Whether you want to increase the resale value or increase the value and comfort YOU will get out of your home, start making plans to do something about it this year. If you need design ideas, space evaluation, or pricing just call us here at GB Group.
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