Top 4 Improvements to Increase Your Home’s Value
If you are currently in the home buying market, you have discovered the high cost of building a new home. Many home buyers are choosing to purchase an older home that may give them a larger property or more square footage as opposed to buying a new home on a very small lot. With many people buying older homes, it’s not a big surprise that the average home owner spends around $5,000 a year on home improvement projects. The big question is, what do you improve first? If your goal is to improve your home’s value, we have you covered with the top 4 home improvements to increase your property value.
Kitchen & Bathroom Remodel:
If you have ever watched ANY show on HGTV, you have already learned that kitchens and bathrooms sell a home. The kitchen is often considered the “heart of the home.” Thankfully, simple changes can make a big difference. Painting cabinets, upgrading countertops and adding a coordinating backsplash can make a big difference in the feel of your home and kitchen. New appliances also give your Kitchen a quick update! If your current appliances are still working just fine, you may want to just replace them as you go.
Landscaping & Outdoor Living:
When someone is searching for homes online or even driving through a neighborhood, what is the first thing they see? The exterior of a home. The exterior and landscaping will create the first impression of your home. You want that first impression to be a pleasant, clean one and not an overgrown mess. Considering sprucing up your landscaping with fresh mulch, trimmed bushes and seasonal flowers. These are easy and inexpensive ways to increase your home’s value and appeal.
Add a Bedroom:
Even with just 2 children, a lot of buyers are looking for that 4th bedroom option. They want a guest room, office space or play area for their children. A 4th bedroom can also take the place of a finished basement. If you have attic space, or space over your garage, this is a great option for creating a 4th bedroom.
Remember, at the end of the day, this is your home. Unless you are looking to sell your house in the near future, all of your projects should be done with your style and happiness in mind. If you aren’t looking to sell for many years to come, you can be sure that styles will change and you will want to give everything another refresher when the time comes. So for now, remodel based on your current needs and not necessarily on what the market dictates will sell a home quickly.
If you are looking to begin a home improvement project, we have you covered with our many financing options! Be sure to check out our BCFCU Home Equity Loan Special! For a limited time, take out a home equity loan and choose your free gift: A $50 Home Depot Gift Card or 1% cash back on the first $10,000 borrowed! Our Summer Loan Special is another great low-rate option. Take up to $2,000 for 12 months for as low as 5.99% APR. Check out all of our great financing options or call one of our expert loan officers at 1-800-782-2328.
Reference Resources: HGTV.com/theblance.com/CNBC.com