Maximizing your home’s value is key to getting the most out
of your biggest investment, whether you wish to stay in your home long-term,
until the markets in the area heats up, or want to increase value for a quickly
approaching sale. Custom home upgrades can be a great way to increase your
comfort while you live in the home as well as increase its potential resale
value. However, all upgrades are not created equal.
Which Custom
Home Upgrades Provide the Most Value?
Certain custom home upgrades provide significant value to your home in addition to improving your life while you reside there. Better yet, taking care to make any of these upgrades a green project can help you recoup more of your initial investment with energy savings until you decide to sell.
Best-value custom home upgrades include:
Smart
Kitchen Upgrades
Homeowners undergoing a kitchen update regularly recoup
anywhere between 60 and 120% of the remodeling investment upon sale. However,
notice that we’ve also included the term “smart;” with kitchen remodels, it is
exceedingly important that you keep the aesthetic and value of both your home
and neighborhood in mind. Most
importantly, if you plan to sell within the next five years, remodel with
potential buyers in mind and include “smart” technology.
Additional
Bathrooms
Adding a bathroom can increase your home’s value, especially
if you currently only have one or two. Depending on the size, materials,
fixtures, and accessories you choose, you could recoup as much as 130% of your
investment. Look for additional space for your bathroom project in oversized or
underused rooms, as well as in spaces like extra closets or under-stair spaces.
Total
Room Additions
Adding another room to your home – especially an extra
bedroom – is another way to increase value as well as appeal to a whole new
tier of potential buyers. While not as lucrative as a kitchen or bathroom
addition, an extra bedroom can net you as much as a 57% return on your investment. To
qualify as a bedroom versus a bonus room on your real estate listing, your
addition must include a closet and at least one window.
Revamping
Underutilized Space
Finishing an unused
basement
or attic space can add square footage to your home without the added cost of
taking on a total room addition. While you make your conversion plans, keep
future buyers in mind, and maintain as much flexibility as possible for your
new rooms. Versatile finished basement and attic spaces can recoup as much as
80% of your initial investment.
Premier Builders can help you make decisions during all stages of your custom home build or home remodel to ensure you recoup the majority of your investment.
We would love to hear from you.
Contact us to setup an appointment today. Call (419) 794-5958 or visit www.nwohomebuilders.com.
