If you’re a homeowner, it’s likely that inflation has meant that your home is worth thousands of dollars more than you initially purchased it for. The average home price in the US currently sits at $374,900, and it was only 22 years ago that you could purchase a home for $119,600 on average. Therefore, if you bought your home in 2000, it will likely sell for around three times what you paid for it. Despite this, you could increase the figure even further by implementing measures to add value to your property. So, how do you go about adding value to your property?
Build a Garden Room
Firstly, you might build a garden room surrounded by artificial grass. Essentially, a garden room is an extension that’s separate from your existing property. You might use it as a sitting room or an area for storage, but whatever its intended use may be, it’s sure to add some serious value to your property.
In real estate, it’s all about space; so, any extra space you have is a win. This is especially true in a time in which the available space for houses is so sparse. If you have a comfortable amount of space in your property, you can’t ever go wrong with extra rooms.
Build an Ensuite
After bedrooms, the most sought-after rooms in homes are bathrooms. Multiple bathrooms make a home seem much more luxurious, especially if one of those is attached to the master bedroom. Once upon a time, homes only had one bathroom and it would sit downstairs, often at the opposite side of the house to the bedrooms. Despite this, times have since changed, and we’re all about convenience. Therefore, if you wake up in the middle of the night needing the toilet, an ensuite is exactly what you need.
Build a Downstairs Toilet
As previously mentioned, more toilets mean more value. Despite this, your downstairs toilet doesn’t need to have everything that your upstairs bathroom has. Just a toilet and a sink in a small room will do, but this small addition will make the world of difference when it comes to upping the value of your property. Downstairs toilets are perfect for homes who love to entertain and don’t want their guests traipsing up the stairs. Plus, it’s great for families with children who would require supervision on the stairs.
Remodel the Kitchen
It’s true what they say, the kitchen is the heart of the home, and it’s not uncommon for people to judge a property in its entirety from the kitchen alone. Therefore, if you’re looking to increase your property’s value, the kitchen must be a large focus. From new worktops to fresh cabinets, a complete remodel is just what you need to take your kitchen to the next level. Be sure to opt for a timeless design so that you only have to do the remodel once and it never goes out of fashion, no matter when you decide to sell.
Create an Open Plan House
Open plan is all the rage, and this isn’t set to die out any time soon; therefore, knocking down a wall is a great way to add some value to your property. Not only does it contribute to the value, but it makes for a more comfortable living atmosphere, as it means that families are able to gather with ease. On top of this, switching to open plan may not be as time-consuming as you think, as the majority of builders can complete the project in as little as a week.