Popular home improvements that can increase property values
Do you currently own your own home? Feeling like it may be time to make a change? You are definitely not alone.
However, before you start researching your local housing market and planning to list your property, you may want to examine the different ways in which you could enhance your house's existing features to increase its cosmetic appeal and functionality, as well as its resale price. There are numerous projects that can be undertaken by an owner to heighten a home's overall value, but some tend to be more effective than others. If you're aiming to complete such a residential upgrade in the coming months, you could benefit by choosing one of the following, which all boast the potential for a considerable return on investment.
Wooden deck addition
Although the East Coast typically experiences extreme weather in winter, many areas benefit from comfortable meteorological conditions during other seasons. Thus, one of the most valuable home improvements you can make is the construction of a wooden deck, according to Remodeling magazine. In addition to providing an attractive outdoor space for relaxation and recreation, such an exterior addition could make your property more appealing in the eyes of prospective purchasers. Generally, this update sees 87.4 percent of its cost recouped, the news source reported.
Convert attic into extra bedroom
Do you have an attic? Is it mainly used to store seasonal decorations and old clothes? You could benefit substantially from turning the unused space into an attractive bedroom. Odds are, the living area already has a few windows, so adding some insulation and drywall - as well as enhancing its flooring and amenities - could transform your attic into the perfect place to host unexpected guests and visiting in-laws. Remodeling magazine noted that a project such as this adds to a home's resale value and could see owners recoup as much as 84.3 percent of the total cost.
Enhance the house's storage opportunities
If remodeling your attic has created a beautiful new bedroom, but left you with a mountain of personal possessions and no storage space, this could be another effective home improvement project to undertake. A number of creative options - such as built-in shelves and modern cabinets - can provide your house with the storage you require and a chic, new design style, according to Houzz. Instead of taking the out-of-sight-out-of-mind approach and throwing your things in the basement or garage, facing the issue head on could leave you with a series of attractive shelving units that allow you to display your prized possessions and conveniently hide the rest.
Update the kitchen's decor and appliances
As one of the most often used rooms in an average house, improvements made to a kitchen can instantly improve the property's value considerably. Houzz noted that enlarging the space's windows and incorporating energy-efficient appliances can be the most effective projects. In addition to helping the home's resale price increase, such contemporary upgrades could serve to attract more potential buyers when the property is listed on the market.
Poli Mortgage Group, a residential lending authority throughout the Northeast, understands the importance of regularly improving homes, and knows that these endeavors can sometimes be costly. Accordingly, the organization employs Loan Officers who are adept at finding clients low rates that can be utilized to create affordable payment plans with favorable terms and conditions. To date, more than 40,000 mortgages have been written, and the company maintains an A-plus rating with both borrowers and the Better Business Bureau. If you want to learn more, are interested in researching current rates or are ready to request lending, call 866-353-7654 today.