5 Renovation Investments that will Give You a Better Return
To most homeowners, increasing the value of their property is the primary matter of concern. Actually it doesn’t really matter whether you are doing it for short run gains or for long run so long as you have a better return. You want to spend some cash behind quality renovation work and can hope to achieve the maximum output against each penny spent.
Flooring
When someone is looking for a home or willing to take a rent, what are the things that they frequently ask you about? Is the floor made of hardwood? Hardwood is durable, easy to clean, and, above all, looks amazing. Both engineered and traditional hardwood fit very well. It is not a problem if it is exceeding your budget line, there are plenty of laminate options available out there. No matter whether hardwood or not, upgrading flooring works like magic and gives a new look to your home.
Fixtures and Hardware
At first look, it might not seem so important to change hardware like: drawer pulls, sinks, toilets, faucets for their relatively lower expenses. It however can create a big impact when someone is looking at everything with great attention, someone like a homebuyer, to be more precise.
Somehow these small investments could earn you a big return. Plus, they create a fresh and modern atmosphere.
Bathrooms
Remove anything blue or pink from your bathroom. And remember, seashell tiles, pastels, and anything fuzzy is the other name of ‘a house owned by granny’! There is nothing wrong about preserving grandma’s memories by other means, however, remembering her in the bathroom is out of question, I reckon.
Most of the people you talk to will answer that they want something spa like when asked about what seems perfect to them. That means, soothing color palette along with chic finishing, modern materials and clean lines is the way to go. Express your taste through using funky faucet or sink, and stand-out tile.
Kitchens
Remodeling a kitchen is quite expensive. And when you utter phrases like custom design, stainless steel, and granite, it will cost you a fortune. However, it’s not always necessary to spend a huge amount on a renovation, and any kitchen renovation will give you possibly the biggest return, than any other room in the house.
Only with a little bit of thinking and an attentive eye for design you can get beautiful, but not so expensive design.
Though stone is still the top choice for counters, there are other alternatives like: composite, high-end laminates, and butcher block – which are quite affordable. They will make your kitchen look great, within budget.
Income Suites
There is nothing comparable to an income suite if you are looking for a way to increase the value of your home without spending too much. It could be a loft conversion, a coach house, or simply, a third floor. If implemented properly, you may get double return for the amount spent. This is definitely a good trick to increase the appraised value of your house by manifold.