The value of a house usually goes up with time. However, there are certain factors that determine how well or quickly the house’s value increases. Kindly note, not all the different factors come under your direct control. For instance, the property’s location, market trends, etc. cannot be managed by you, the seller. But there are certain things that you can do to increase the overall appeal and value of your property. The following are home improvement tasks that would almost instantly add value to your house.
Add Square Footage
Adding more usable area to your existing house makes financial sense. It is particularly true in localities where the real estate space is crowded, and the available area is not infinite. Houses are valued based on the liveable or dwelling space they offer. The more the square feet space on offer, the better its prospects of selling for a higher price.
Modify Your Kitchen
Modifying or remodelling a kitchen pays off quite well because it is considered the heart of any house. Make sure the modifications you make are necessary and truly value-adding. If you go overboard or give the kitchen a complete revamp, you may not be able to recover your costs. The rule of thumb is to make sure the remodelled kitchen doesn’t look fancier than other portions of the house.
Add Another Bathroom
If your house has just one bathroom, adding one more bath space would help recoup a major portion of your home renovation costs. As far as finding space in your home for the additional bathroom goes, check if there are under-utilised spaces in the house. Areas underneath the stairs, closets, etc. are spaces you may consider. You would need a minimum of 18 square feet to make room for a decent half-bath. For a full bath, you would need 30 square feet at least. If you’d like to add specific amenities to the bath, such as a bathtub, the square feet requirements would go up.
Paint the House
Paint works like magic, particularly when you’re adding a fresh coat to both the interiors and exteriors of your house. Upgrading the paint can make even the most dated house look new and fresh. Moreover, it doesn’t cost a lot. When ready to roll, start painting spaces that have odd colour schemes, such as pink and green.
Add a Deck
Adding a deck would increase your home’s value. External living spaces have become increasingly desirable in the recent past, particularly with more people staying at home for vacation or enjoying a ‘staycation’. If you could add more appeal to your deck and also your backyard, your property’s price would automatically go up when you put it up for sale.