Here’s 4 Quick Ways to Add Value to Your Home

There are several areas of your home that you can renovate to add value; however, the kitchen is often the most recommended space.

A lot of property owners are reluctant to part with their hard-earned cash for renovations to their home, but the fact is, perform the right remodeling and your property will increase in value to a degree that outstrips your initial investment. If you want to get the most for your property, you need to realize that a simple coat of paint will not be sufficient. Below, we look at the best remodeling and renovation projects to take on in order to maximize the potential profit, should you decide to sell up.

#1 Kitchen Upgrade

There are two obvious places to start and the kitchen is one of them. As you should be aware, the price of a property is determined by how easy it is to sell and the demand for it. Properties with old or outdated kitchens are not wanted and can be very difficult to sell, so sellers tend to lose out one way or the other. If you can’t afford a complete overhaul, focus on repainting cupboard doors, replacing the countertops, upgrading appliances and, changing the handles of doors and cabinets.

#2 Bathroom

This is the other renovation/remodeling project that can yield a substantial return on your investment and is arguably a better place to start than the kitchen, according to realtors. If you have a relatively large budget, you can go for a complete overhaul and replace the toilet, sink, shower, and tile work. If your budget is a little bit smaller, you can still do a simple upgrade and reap the rewards. For example, you could replace the main fixtures, like the faucet and the towel bars; while also placing a vinyl floor over the tiles.

#3 Front Door

Experts in the real estate industry are shocked by how little attention is paid to the front doors of properties for sale. It is one of the first things prospective buyers see and a high quality and stylish front door adds some much needed curb appeal. Fortunately, repainting the front door is one of the least expensive home improvements one can make. Whilehiring a contractor shouldn’t be that pricey, you can save even more money if you have the requisite DIY skills to tackle the job yourself.

#4 Furnace

This is possibly the least obvious renovation project and is certainly the least appealing. However, replacing your furnace can be an extremely lucrative thing to do, even if you decide not to sell. If you have a furnace that is 15-plus years old, you may only be using 50 percent of the energy that goes into it. With a brand new furnace, you may be using over 95 percent of the energy, which means your gas bill could be halved. This means you either save money while living in the house or you make the property more attractive to prospective buyers.

When looking for contractors to take on any of these projects, look for at least three bids, because there could be a surprising disparity in pricing. Once you decide on a contractor, ask for his credentials and also see if you can find recommendations or testimonials to ensure the individual or company in question has a positive reputation.

via:http://www.newhomessection.com/blog/heres-4-quick-ways-to-add-value-to-your-home/2014/02/25/