4 Home Renovations That Will Skyrocket Your Property Value
Homeowners in Seattle are learning how remodeling can quickly increase their property value. However, Money Crashers reminds readers that not all renovations are smart investments.
Stories abound of remodeling projects that add zero value to the house, and many homeowners make the mistake of tackling projects that significantly decrease their home’s worth. Allied Restoration Company specializes in home restoration and can help you decide which renovation projects would benefit your property value. Call 425-458-5756 to learn more.
Here are four remodeling projects that you should consider for your Seattle home:
- Indoor Systems
Modern indoor systems are the latest trend among property hunters. Before you even think about any functional or cosmetic improvements, focus on upgrading, repairing or replacing the home’s indoor systems. Heating, plumbing, roofing, sewer and electrical systems should be in perfect working order. People want to know that they will not need to inject any capital into a home’s basic requirements.
- Outdoor Replacements
Replacement projects add more value than remodeling efforts because they increase a property’s curb appeal. The return on investment for outdoor replacement projects is 72 percent, according to Real Estate. Homeowners should replace siding, doors, windows and garage doors to increase their property value. Current trends revolve around foam-backed or fiber-cement vinyl siding, vinyl windows and steel doors.
- Attic Bedroom
Homeowners who add an attic bedroom enjoy a 72.5-percent profit from the project. It costs roughly $50,000 to build a new bedroom in the attic, but people are paying top dollar for homes that offer a secluded spot with incredible views because they make excellent guest and master bedrooms.
- Extra Bathrooms
In the past, kitchens were the focal point for most homebuyers; however, in 2011, the trend began to shift toward bathrooms. An additional bathroom increases your property’s value by as much as 20 percent while a half-bathroom can almost guarantee returns of 10.5 percent. If your budget does not allow for another bathroom, consider giving your existing bathrooms new finishes, paint, flooring and fixtures.
Jacuzzis, sunrooms, landscaping, bedroom additions and any projects that increase the space will improve the value of the property. Homebuyers are concerned with safety, functional living, modern necessities and clean appearances.
Allied Restoration Company specializes in home improvement in Seattle. Call 425-458-5756 to find out how to make the most of the existing space in your home.