If you are considering some renovations to add value to your home, either just to boost your investment or to prepare to sell, there are a few things to know. Naturally, the first question most people ask themselves when diving into a remodel is “Will I boost my home value or at least break even?” There really is not a universal or easy answer to that question. The value a buyer sees in your remodel is influenced by a lot of factors. It could be influenced by the room you choose to renovate, the materials or design used, as well as the current values of other similar homes in the area. You can, however, improve your chances of putting a SOLD sign on your house if you choose to renovate one or all of these three sale-boosting rooms in your home.
Make Your Remodel Count
Not all renovation projects are going to garner much interest from a buyer. How many people do you know walk into a house and notice that newly renovated laundry room? No, it just doesn’t happen. Buyers consistently look at bathrooms, kitchens, and master bedrooms first. These rooms are sources of comfort, practicality, and see heavy use. Naturally, they are going to be the most important on a buyer’s checklist. If you really want to go all out, adding a room such as a great room or master suite will also give you a good return since homes with more square feet tend to go for higher prices.
When considering renovation ideas, keep in mind that just because a project costs a lot of money, that doesn’t mean it is going to add more value than a more conservative project. You would be surprised how simple improvements can deliver major returns. For example, when you compare the cost of a full kitchen redesign and a kitchen refresher, (painting, upgrading appliances, refinishing cabinetry) the kitchen refresher will return more value. Keep that in mind, and realize a little can go a long way. Just remember that the products you choose and the design are the keys to maximizing value.
Unlike a full kitchen redesign, which literally guts the entire kitchen and starts from scratch, a kitchen refresher works with the existing design and cleans it up a bit. Cabinet re-facing, adding an updated appliance set, re-painting and new floor covering can yield amazing results. Scout your local builder’s surplus stores for cabinet hardware and flooring and save some money, and consider Craigslist for updated appliances that are in good shape.
If your home has a small bathroom and you have some room to expand it, consider expansion to add value to your home. Small bathrooms are often seen in a negative light by buyers. If expansion is an option for you, consider expanding to offer enough room for a tub and shower as well as a large vanity area. Remodeling can also pay off big. Look to replace showers, tubs, tile, and flooring. If you have a stock mirror, you can improve its appearance by adding a frame such as the models we carry here at Mirrorcle Frames.
Family Room Addition
As mentioned before, a larger home fetches a higher price. If you have the budget and the space to extend out your home, adding a family room can do wonders for your home value. Consider an open floor plan design that opens up to your existing kitchen and flows together. Create spaces for entertainment that feature plenty of seating for guests. If additions are not possible, there are ways to give rooms a larger appearance such as hanging mirrors on the opposite side of windows. The reflected light makes the room appear larger. Sometimes selling your home is just a matter of staging. Framed mirrors, artwork, and furniture arrangements can go a long way in making your home appealing to buyers.
Design Is Key
As you can see, it really doesn’t take a lot to add value to your home. There are projects for every budget. Choosing to remodel rooms that capture the attention of buyers and using universally appealing designs are important.
Framing mirror a part of your remodel project? Contact Mirrorcle Frames for mirror frames that are simple to install, affordable, and can completely transform the look of any room.