Last Updated on December 1, 2023 by Asfa Rasheed
Have you recently thought of selling your house but you learned that the real estate market is declining and is on the verge of collapse? If so, it is not a good time to pursue your plan and the best course of action to take today is to wait until things get better. Another alternative is to stay put in the house instead of moving and remodel it not just to make it more comfortable but also to increase its value. Home remodeling no matter how small would entail additional cost. But it is a great investment since there is a high possibility that you can sell it at a higher price in the future if it looks better.
There are many things that you can improve in your home that have the potential to increase the quality of life. It can be as simple as changing your home curtains or updating the furniture pieces. You may also add modern technologies to the house to make it more trendy. Below are some of the remodeling ideas that are necessary to perform in any house to increase its value.
Painting the kitchen walls with modern colors
Kitchen space is one of the most important parts of the house because it allows you to cook and prepare food. In most homes, it also serves as a place where their families eat together. Because of these reasons, it pays to make the place fancier just like the rest of the house.
Painting the kitchen with a more trendy and complementary color scheme is one of the simplest yet most impactful ways of improving the space. For this remodeling idea, you will have to invest approximately $5000 to $10 000 depending on the size and color that you will use. If you are the type of person who loves everything eco-friendly and those without dangerous chemicals, then might as well use the low-VOC paint. Make sure that your curtains and furniture pieces will match the wall color.
Adding a new bathroom
If you are living in a house composed of more than 3 members yet you only have one bathroom, things can be inconvenient and complicated. The addition of a new bathroom can make life easier and you can expect a return on investment of about $80 to 100% if you sell the house sometime in the future.
If you plan to add a half-bath, you would have to secure 18 square feet of the house while a full bath complete with a stand-up shower and bathtub would need at least 40 square feet. Find out if you have available space under the stairs or in any extra rooms. Don’t forget to add curtains after you construct the bathroom to improve privacy.
Adding a patio
Most potential home buyers prefer those with a patio where they can relax while having a view of the outside. If you have an appealing patio, you can attract more buyers that are willing to pay a premium price. For this outdoor living space, you can have up to a 90% return on investment.
The cost of adding a patio largely depends on its size, curtains, furniture pieces, and decorative items that you will put in the place. You may have to spend more than $10 000 for an aesthetically pleasing outdoor space. However, the cost will be reduced if you do the work all by yourself without any help from professionals.
Do some basic updates regularly
When we say basic updates, it doesn’t have to cost a large sum of money but can definitely add value to your home. Keep the curtains up to date, the wall paint fresh, the roof free from leakage, and remove every mold you see. These activities will help maintain the shape and quality of your house for the years to come. Potential buyers would always look for signs if the house is properly maintained.
In a Nutshell
With the many options for home remodeling, choosing the best one to adopt in your house can be overwhelming. The list above is some of the best ones that can add value to your home. If you don’t have the budget yet to splurge on extravagant remodeling ideas, you may focus on small upgrades and budget-friendly curtains, built-in flower pots, and other decorative items!
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