If you own your own home it’s a given that you are going to have to do some repairs from time to time; it’s just a fact of home ownership. If you have had your house for a long time you have probably come up with a list of things that need to be done. If you’re going to fix up your home why not pick the things that will also add value as well. Some home projects end up being money pits while others turn into gold mines; so which is which?
Improvements that are Gold Mines
When thinking about remodeling your home it’s a good idea to focus on the areas that most people pay attention too, especially if you are considering refinancing or selling your home. The two rooms that most buyers pay attention to are the kitchen and the bathrooms. If yours are a sight for sore eyes, that’s a problem. You may not be able to afford completely new cabinets, but you may be able to afford to refinish your existing ones. You may be in love with granite counter tops or the effect of copper and other metals in the kitchen but those can be expensive. Fortunately there are plenty of low cost faux materials that look just as good for a fraction of the price. People love a good fireplace. If there is any way you can put in one, people will love it. Nothing says warmth, comfort, and family togetherness like a fireplace. And finally, people like their bathrooms. Adding a new bathroom to the house is usually a good move as long as you don’t have to cannibalize a bedroom to do it. Don’t forget about your fixtures and pipes either. Replacing those old fixtures with something more modern is a good move, but don’t forget about what’s under the sink. Just because a cabinet is hiding the plumbing don’t assume buyers won’t peak under there. Make sure they don’t look like they leak; even if they don’t.
Adding Curb Appeal
This is especially important if you’re going to sell your home, or even refinance it. The higher the appraised value you can get the easier it will be to refinance your home. A coat of paint can do wonders for your home’s curb appeal. When it comes to painting your home, whether it’s inside or outside, it’s usually best to choose colors that don’t require someone to have your exact taste to appreciate. Usually colors that have a wider appeal work best. Check around your neighborhood and see what colors abound and then pick something similar, yet different. You don’t need a wild color to stand out. Usually just a clean new paint job in itself is enough. A little landscaping goes a long ways so even if you cannot afford professional landscaping, there are things you can do that make a big difference. Taking a haphazard layout and putting in some order alone can mean a lot. You might consider putting different types of bark or wood chips as well. Sometimes just tidying up the place is all you need.
Living room rug need replacing, but you can’t afford it? Consider an area rug. Not only do they look stunning, but you can get one for a lot less than replacing the carpet. If you have boring curtains you may want to consider some type of blinds or shades. Not only do they make boring windows or boring dining rooms look great, but they are energy efficient. The right blinds will cool off any room by reducing heat from radiation. At the same time they will lock in heat during the winter, lowering your heating bill considerably. One last word about painting. Don’t force your eccentric taste on people by painting the sitting room black. It may look amazing to you but for anyone considering buying your home, they’re going to be standing there calculating how much it’s going to cost them to repaint. You can be conservative without using white. A good rule of thumb when doing home renovations is to work with what you have rather than creating something from nothing; it’ll save you a lot of time and money.