Remodeling your home is undoubtedly something that you are choosing to do either to increase the value of your home for yourself or for resale. If you are currently living in what you consider to be your dream home and have no prospects for ever selling the home, there are no rules to hold you back from creating whatever you wish with your remodeling project. If, however, your remodel also includes the prospect of making more money when you choose to sell your home, you should be making some considerations. Making sure that your remodel will increase the value of your home is another way of insuring that you are able to recover the costs of taking on a renovation project. Here are some of the most important things that you need to be thinking of if you home to make a return on your home remodel dollar.
Bathrooms and kitchens: Without a doubt, updating a bathroom or a kitchen will add to the value of your home. Bathrooms and kitchens are areas of the home that see a lot of wear. Over the years these rooms tend to be the areas that reflect the abuse that a home can take. By updating these two areas of your home, you can change the look and feel of the entire house, and by so doing make it more desirable for future buyers. Naturally, the cost for remodeling these areas is going to be higher than other areas. This is why it is important to carefully consider the choices that you have available to your and to not choose options that are too unique, taste specific or generally unappealing.
Bedrooms (closets): If you are remodeling a bedroom one of the main rules that you need to follow if you want to maintain or increase the value of your home is to keep or add in a closet. Technically, a room must have a closet to be considered a bedroom. Failure to include construction of a closet into your plans or deciding to demolish a current closet to use the extra square footage could cost you thousands of dollars when it comes time to resell the property.
Family and media rooms: Family and media rooms are areas of the home that are incredibly popular now but were not very common years back. If either of these two rooms are part of your remodeling plans, you will likely see a return on your investment. Granted, that return may not be the same as a return on a freshly remodeled kitchen, but the addition of a family or media room could definitely help to tip the scale to your side. Just make sure that you define these areas in your house so that they clearly serve the purpose for which they were created.
Wide appeal: If resale is on your mind, the best thing that you can do when making your remodeling plans is to appeal to the widest audience possible. By keeping your design and decorative choices neutral, you minimize the possibility of turning off a potential buyer and loosing offers on the home.
Conveniences: We live in a time of conveniences. During your remodel it is likely that you will be making some changes that will add to the conveniences and comforts of your home. Little things like mounted microwaves, warming drawers, dimmers, etc. are all great additions that not only have wide appeal but that make your home special. If it is in the budget, you might want to look into adding in those little details. A remodel job is the perfect opportunity to add in small details that would be much more difficult to include without needing construction.
Information for this article was taken from http://www.homebuildingremodeling.com
For all your real estate and building needs or questions, call Debbie at 713-818-6658 or 830-833-4249 / debbie@vallone realestate.net.