Purchasing a house is one of the biggest investments you will ever make. Over time, though, your house will appreciate in value and also give you the comfort of knowing that you have your own land and place to call home. As a homeowner it’s a good idea to keep your property updated and have home improvement projects that add value. Some of these projects can be expensive but, if you pick the right ones, you will be able to recoup most of your expenditure when you decide to sell.
Paying for Home Improvement Projects
In order to be able to afford the costs of the upgrades you may need to take a good look at your finances. If you are a college graduate with outstanding student loans, one of the best ways to afford renovations is to check out this company about refinancing your student loans. Refinancing can drop your interest rate substantially and lower your monthly loan payments, and could easily save you tens of thousands of dollars over the course of the loan.
For many people the kitchen is the heart of the home. It’s the gathering place for individuals and families who come together to enjoy a meal, socialize and celebrate special holidays. If your kitchen is in need of an upgrade, you will be happy to know that a minor update can often be done for less than $20,000 and getting nearly all back in return on investment. Some minor projects that can make a substantial difference include re-facing for drawers and cabinets, getting a new sink and fixtures and putting down new flooring. You can also add recessed lighting to highlight the new countertops and improve functionality with a new wall oven and cooktop.
Adding a Deck or Patio
If you spend a lot of time outdoors, upgrading your exterior living space makes perfect sense. By adding a patio or deck you will not only increase your resale value. But, you will also create a gathering space where you can enjoy parties or BBQs. A 16 by 20-foot wood deck, pressure-treated, costs around $13,000. But, it adds 320 square feet of usable outdoor space to your home. Landscaping around the deck can also increase the aesthetics of this project. Make is look incredible and unique with custom iron work from https://www.naddourscustommetalworks.com/orange-county-iron-works.
If you watch some of the remodeling shows on TV you will notice that buyers pay a lot of attention to bathrooms. Updating a bathroom improves the functionality. It also makes a big difference in how people feel about the house. Fortunately, you can do a minor bathroom remodel for around $10,000. For that investment you will be able to replace the tub and the tile surround and also change out the flooring. A new sink, vanity and fixtures can also be part of the project. And, best of all, when you go to sell your home you will attract more buyers and bring back your investment.
All three of these home improvement projects are solid choices to raise value in your home. Look hard at each of these areas of your home. Decide which project to take on based on the condition of each. Maybe your kitchen is more to up-to-date that your master bathroom. Or maybe the back deck is showing its age and is not an eye sore in the back yard. Don’t forget to keep up other other areas as well. Basic maintenance up keep are important. Fresh paint can do a lot of good to improve the appearance of your home to potential buyers and appraisers.