No matter how you look at it, buying a home is a major purchase. Luckily, homes in many areas have increased in value, and when it comes time to sell, you will often get more than what you put into it. In the meantime, you can make the most of it. There are several ways you can make your home a better investment.
Install a Home Elevator
A home elevator can be attractive and increase your home’s functionality. It makes it easy to move packages between floors, and it can help you get around if you suffer from impaired mobility. You can learn more about residential elevator prices to see if this might be a good option for you. If you’re interested in aging in place, a home elevator can be a great way to stay in your home during the golden years.
Add More Space
One way of adding more space is by renovating the attic. The area over your garage might not be used that heavily, and the space may be cramped. Consider turning it into a bedroom or office space. Try to add as many windows as you can to increase natural light. You can add built-ins, like bookshelves or seating. You could even add on another story. If your home looks uneven, adding another story can balance out a home that looks uneven. You could put in a reading room, master suite, or an apartment that could be used for visitors or adult children.
Don’t Limit Rooms
If you have a room designed for a special purpose, one of the renovation mistakes to avoid is to limit it to only one thing. While you don’t need to give it up, you should avoid customizing it too much. This might be an issue if you try to sell later on. You may stick with adding hardwood floors and many windows, as this can keep things versatile. Or you could set it up so it is easy to convert it to a family room, guest suite, den, or family room. The kitchen is the exception to this rule. Making small changes, like painting the walls a neutral color, can make a big difference. More buyers want certain standard items, like quality hardware and appliances. You might add new light fixtures or even redo the counters.
Increase Curb Appeal
While you might spend the biggest chunk of your time at home inside it, increasing the curb appeal can boost the value. Consider replacing or repairing old, worn-out siding. It can help your home make a great first impression. If the siding is not in good condition, the whole house will look run-down. The exterior often sets the tone for what potential buyers will see inside. Cement board siding lasts a long time and is efficient, and composite siding can reduce maintenance. Another way you can improve the curb appeal is by adding more plants, like flowers and bushes. Adding plants that are native to the area is also better for the environment, so doing so can reduce your carbon footprint and make it more appealing for eco-friendly buyers.
