Get The Best Returns On Your Home Improvements!

After a number of years in a home, many people decide that they’re going to try to stay there for the rest of their lives, and will renovate just to make their home more comfortable and attractive. For many though, home improvements are all about bumping up the value of the property for a sale. If you’re in the latter group, you may be wondering which kinds of renovation are the most worthwhile. Here are a few that tend to generate the best returns…

Roofing

The roof of your home is one of the most important aspects of it as a property. If you install a completely new roof or make some extensive repairs, you’ll see an immediate rise in value. An existing roof you can refinish is perfect, as it obviously costs less to restore than to replace, and will be more likely to garner a return on your investment than a completely new roof. If you know the roof on your house has seen better days, it’s time to start looking for some good roofing companies.

Fixtures

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[Photo courtesy of High Contrast/wikimedia.org]

Over time, various rooms in a home can begin to look dated and worn-out. It may surprise you, but a large part of this is down to old, raggedy fixtures. By replacing the fixtures in your home, along with some other small tweaks like the cabinets and faucets of the kitchen, you’ll immediately be able to bump up the asking price on your home when you come to sell.

The Bathroom

The kitchen may be the heart of the home, but the bathrooms are a close second in terms of what’s important for valuation. If it’s practical for you to add a three-piece bathroom to a home that only has one other full bathroom, the market value will rise dramatically. While it’s a big mistake to sacrifice a lot of bedroom space for a bathroom, it’s usually a smart move to sneak another bathroom into any dead space in your home. Some families have even been able to install a three-piece bathroom in the space under their stairs, usually only measuring around 44 inches corner to corner. As a final tip, try getting a glass shower to make the room seem more spacious.

Income Suites

[Photo courtesy of Holland And Green Architectural Design/flickr.com]

These aren’t exactly common in most suburban homes, but income suites are one of the best ways to pile on value to your home. Build one of these somewhere in the property, and you’ll be amazed at how much the estimated value of your home can rise. Whether this is through a loft conversion, an outside room, a renovated garage, or any other area, income suites are very hot at the moment. This is because buyers will be able to use it to cover a portion of their mortgage payments, ensuring the home they buy will be cash flow positive. Real wealth that can supplement your income is a pretty attractive feature, don’t you think?

If you were unsure of what to priorities in your home renovations, hopefully these tips have pointed you towards a highly profitable improvement project.


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