Whether it’s a home you’re planning on living in or an investment property Crystal Lake Illinois, increasing its value will only benefit you in the long run. Unfortunately, not every improvement you do to the property will increase its value enough to make it worthwhile. That is why it is important to ensure you choose the right improvements to enhance the home.
Upgrade the Kitchen
While kitchen upgrades are usually a shore thing when it comes to adding value to your home, overdoing it can leave you high and dry. Stainless steel appliances, for example, are a good way to upgrade your kitchen. However, you shouldn’t spend a small fortune turning your kitchen into a gourmet cooking area since that only appeals to a small demographic so you probably won’t see any return on the money you put into the large remodel.
Increase the Living Space
If you can increase the living space of the property, you can greatly increase its value. With that said, however, that doesn’t mean you need to build onto your home. You can actually increase the living space by finishing a basement. Another option is to remodel an attic for added square footage.
Invest in Energy Efficiency
In today’s day in age, homebuyers of all ages value energy efficiency, and our willing to pay more for an efficient home. This means replacing older appliances with newer models, making sure the home is properly insulated and installing energy efficient windows.
Update the Mechanical System
Most home buyers want a move-in ready home and don’t want to spend even more money updating the plumbing, electricity or HVAC system after they just laid out a large down payment. Because of this, you can increase the value of your home and tempt buyers by updating the home’s mechanical system. This goes for the roof as well.
Paint those Walls
Paint is still one of the easiest ways to increase the value of your home. Furthermore, paint is rather inexpensive, especially compared to other upgrades, and doesn’t require the help of a professional to get it done properly. When choosing paint colors, forgo jarring hues and instead stick to neutral colors, which will appeal to the majority of people. Also remember to do it right and don’t skimp with cheap paint. Choosing high-quality paint will provide a better coverage and thus save you money since you shouldn’t have to apply several coats.
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