Homeowners are invested both financially and emotionally in their home. PG Exteriors states, “When it is time to upgrade your home, there are three renovations that will not only increase the value for resale purposes, but also provide enjoyment for your family while you remain in your home. It is easy to justify spending time and money on improvements that offer this win-win result.”
Kitchen Renovations
Most experts agree that the kitchen is the heart of the home. According to the CBS news, article, Five Home Renovations That Pay Off, kitchen improvements return 80 percent of the cost of the project. Since families tend to spend so much time in the kitchen, any upgrades in this area creates changes that will add to your family’s quality of life.
Bankrate cites several renovation projects that are sure to accomplish both goals of increasing the property’s marketplace value and the family’s enjoyment of the home. Some recommended minor improvements worth considering are cabinet lighting and tile back-splashes. Upgrading appliances or adding a walk-in pantry are also popular upgrades that are appreciated by any family, whether you are currently living in the home or the buyer ready to purchase.
Bathroom Upgrades
A bathroom remodel job offers another great opportunity to increase the value of your home and to add some warmth and design interest. According to CBS News, you can expect to get a payoff of about 75 percent on a bathroom remodel. Converting a tub/shower combination into a larger shower space is a popular choice for sprucing up a bathroom. Multiple shower heads are an added bonus that can be found at bargain prices if you shop around.
Closets
Nothing makes a homeowner or buyer smile more than a big closet with storage for everything. Consumers want to get organized these days. You can always assume that the “less is more” adage does not apply to closets. Any effort to expand on closet space or to add attractive organization units will pay off in a big way. These units are available at prices ranging from a low $500, up to $2,500 or more. In the competitive world of real estate, closet space can make the difference between a sale or a pass.
Conclusion
Adding some extra goodies to a home before it is time to sell allows homeowners time to enjoy improvements before selling. By making ongoing improvements to the bathroom, kitchen and closets, the pressure is taken off when it is time to put the house on the market. There is no reason you can’t have your cake and eat it too by approaching renovation as an ongoing project.
