Whenever you renovate anything in your property, unless you’re planning on living there forever, then it’s wise to take into consideration how the changes will impact the resale value of your home. If you’re thinking of making some home improvements, here are four surprising renovations that could see your property value rise.
Building a custom closet
Believe it or not, simply building a custom closet can add resale value to your home! Real estate agents all agree that extra storage and organizational features help to add value to a property. A custom closet is an attractive feature to many potential buyers. Investing in a custom closet in the master bedroom of your property is a good place to start. Installing one in the other rooms around your home will make the most impact in the long run.
Replacing your garage door
This may seem like an odd one, but it makes complete sense when you think about it. Garages are attractive in properties as they provide storage space for a vehicle or other household items, but this extra space comes at a cost. Criminals are also attracted to garages as they know that they are often easier to break into and contain high-value items such as vehicles and power tools. If you have a garage attached to your property then installing a new garage door not only improves the security of your home but can also make access more convenient, both of which are attractive to potential buyers
Installing a fence
Fenced in properties are often priced significantly higher than homes without fences, but the style of fence you choose also matters. A chain-link fence is generally looked down upon by potential buyers, and so it’s worth replacing it if you have the budget to do so. If your option is between a chain-link fence and none at all, then none at all even works out better in some cases, with some councils even paying people to remove chain link fences. The best fences to choose are those made from natural material such as cedar wood, which not only provides privacy and security, but also looks attractive and adds curb appeal to your property,
Stripping back the carpet to expose the original flooring
If your property is currently carpeted and is an older home you may want to look under your carpenting. You could have original hardwood flooring that is just waiting to be exposed. Simply expose and restore the original flooring that lay beneath. Original hardwood floors are extremely attractive to potential buyers because any damage can be easily sanded out and refinished with a coat of varnish. Original floorboards also help to add character to a property and an aged-look that is appealing to many modern buyers.
Conclusion
So there you have it – four surprising home renovations that can increase the resale value of your home. Have you recently renovated your home? Do you have any profitable renovation projects to add? Let me know in the comments.
