10 Home Improvements that Raise the Value of Your House
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10 Home Improvements that Raise the Value of Your House
Which improvements will increase the value of my home?
If you are planning to sell your home, it is always a good idea to update a few of the rooms. Always remember to sell it in right price, which entails properly completing the modifications and renovations for your homebuyer. Here are several house improvements that will immediately increase the value of your Virginia property, provided that you have prudently budgeted for larger remodeling projects:
1) Outside Elements That Increase the Value of Your Residence
However, do outdoor features like decks, fire pits, and pools actually increase the market value of our homes? They can add a lot of extra enjoyment and useable entertaining area to our homes.
They do in some instances, absolutely. In others, you probably won’t ever make back your investment due to the expense of building and maintenance.
Fences:
A new fence for your property in Arlington, Virginia will increase privacy and safeguard children. It might also have an impact on your curb appeal. The value of your house may increase as a result. Here are some pointers on how to put up a fence.
Including A Deck:
Although installing a deck is an expensive investment, it offers many benefits such as the ability to create a sense of greater usable space for your homebuyer in the future. You may see up to 80% of the cost of the deck reflected in the new value of your Arlington house, depending on the material, size, and scope of the project.
Fire Pit:
Adding a fire pit to your yard can make it more comfortable and usable during the cooler months. Real value might be added in this for prospective buyers.
Swimming Pool:
While pools are fantastic for enjoying the weather and hosting events, once you account for all the additional expenditures to maintain it, you won’t get a financial return on your pool investment. Take the plunge and consult with the experts at Nachman Pools if you intend to reside in the house and enjoy the pool for many years to come. But if you want to bring value, you shouldn’t work on this project.
A hot tub:
An in-ground hot tub creates the impression that your backyard is a luxurious spa (and pairs well with an in-ground pool). According to our agents, the value of an in-ground hot tub has increased by around 71% across the country, with the Midwest seeing the largest increase, from $1,800 to $4,000, in value.
You currently stand to recover around 42%, which is a considerable improvement over the 25% you’d have recouped before the COVID-19 pandemic. You’re unlikely to recover the entire installation cost, which ranges from $8,000 to $25,000.
Replacing Garage Doors:
Replacing your garage doors is another smart move that will cost you between $3,000 and $5,000.
2) Does a Complete Bathroom Remodel Increase Value?
Renovations to bathrooms and kitchens are the most common home remodeling initiatives. 75% of your investment should be recouped. The best way to get the most value for your money and give your bathroom an updated, contemporary design is to replace an old vanity, obsolete plumbing, and lighting fixtures, or add a new tile floor.
If you are thinking of remodeling your entire bathroom, you will take into consideration changing the flooring, vanity, shower, tub, and toilet. Update your home with energy-efficient improvements to increase its resale value.
If you want your renovation to last, you also need to have a top-notch, waterproof, uncoupling system below your tiles. Another option is to tile the entire bathroom.
Selecting the Correct Bathroom Fan
The best way to improve the quality of the air within your home is through proper ventilation. It can be calculated simply by allowing one cubic foot per minute (CFM) per square foot of bathroom. 50 CFM should be the absolute minimum. You need a fan with at least 80 CFM if your bathroom is 10 feet by 8 feet, which is 80 square feet.
3) Replacement of Old Windows
Arlington, Virginia homeowners can improve the beauty of their home by installing new windows, and they can also significantly reduce their heating and cooling expenditures by switching out their old windows for more energy-efficient models. Potential purchasers may be turned off by drafty windows.
COST: Depending on how many windows need to be replaced, replacing the windows might cost a minimum of $10,000, but it’s an investment that will ultimately pay for itself. The cost of installation may be compensated by the amount you would save on heating and cooling over time if you purchase the most energy-efficient windows.
4) Attic Insulation
You can save money by installing attic insulation, and your energy expenses will go down as well. It goes without saying that prospective homeowners will find this appealing. Ice dams will be a warning sign for them if they see them as they approach your property.
There are several options available for insulating materials, but regardless of whether you use batt, blown-in insulation, foam board, or spray foam, you must give enough R-Value, or insulating value, to prevent the chilly air from entering.
Depending on the type of insulation you use, it will cost you between $1.50 and $5.50 per foot to insulate an attic.
5) Replacement of the Roof
How can you tell when a roof needs to be replaced? Look up to see if there are any missing, curling, or buckling shingles. If you see any, then It’s time to replace the shingles due to this.
You ought to think about solar panels as well. Although they might be hesitant to install them themselves, buyers will be drawn to homes that already have solar panels installed.
Solar panels work well with metal roofs because it’s unlikely that you’ll need to replace your roof before the panels’ lifespan expires. You may have a decent roof for your property in Arlington as long as you choose your material wisely, have it put correctly, and select a roofing system with a solid warranty.
6) Make the Most of Smart Home Technology
You can employ smart gadgets like water leak detectors, smart locks, thermostats, and security cameras. This is a simple improvement, yet market data shows that purchasers are interested in smart home technology for convenience, energy management, and increased security.
You should budget between $1,500 and $2,000 to buy the most basic smart home appliances (smart thermostat, doorbell, leak detector etc).
7) Finishing The Basement
Although it can be difficult to finish a basement, when looking at homes, purchasers take the usable square footage into account. You should make sure that you have adequately insulated and safeguarded against moisture before investing in a completed basement because it can significantly increase the value of your house. Also keep in mind that you will require a number of permits to be able to do your project.
Depending on the finishes you choose and if you finish a bathroom, the cost to renovate a basement can range from $50 to $90 per square foot. Remodelling Magazine estimates that your basement restoration will yield a 75% return on investment.
8) Kitchen Remodeling
The value of your home will increase if you properly renovate your kitchen. If you are remodeling an old, outdated kitchen, your investment will yield an even bigger return. Your cabinetry, stove, refrigerator, floors, sinks, and faucets will all need to be upgraded as a result.
A kitchen’s functionality and accessibility are becoming increasingly crucial due to the older population, so you should keep that in mind. For instance, if a person is elderly or has a disability, lowered light switches, countertops, and cupboards can make it simpler for them to go around the kitchen in a wheelchair. No matter your level of mobility, cabinets equipped with a hydraulic system may be simple for a homeowner to raise and lower.
The typical cost of a kitchen remodel is between $20,000 and $50,000. Depending on the brand and model, you may expect to spend anywhere from $6,000 to $12,000 to upgrade all of your appliances. You may anticipate recovering more than 80% of your investment, according to Remodeling Magazine.
9) Improving the HVAC in your house
HVAC (heating, ventilation, and air conditioning) systems in your home are what keep everything running smoothly. Some of the most important things to maintain for your Virginia home include these. Additionally, according to realtors, homeowners who sell their homes can recoup 85% of the cost of an HVAC system.
“When a home’s heater, air conditioner, and roof are discovered to be outdated or in bad condition during an inspection, buyers are frequently surprised,” says Derek Whitner, realtor with Team Whitner, Better Homes & Gardens Real Estate Metro Brokers. “Even if the seller is providing a home warranty to make up for the age of these systems, studies have shown that millennials are unwilling to overlook ancient mechanicals.”
10) Addition of a family room
The average family room extension costs $54,000 and adds $45,000 at resale. Only when a sunroom is heated and air-conditioned year-round can they contribute toward the square footage of the house. Only in expensive neighborhoods does a sunroom increase in value. In less affluent areas, it won’t attract larger bids. Additions shouldn’t be immediately apparent. You can always guarantee an open transition with Nachman Construction. Visually, the extension and the rest of the house are connected by a larger inner doorway and more substantial steps.
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