Kitchens are the heart of the family home, and as such, making them look better will increase the value of your property. Painting the walls will help, but you may want to consider installing a hardwood or tile floor. Laminate flooring is also a bad choice and looks dated, so consider replacing it with something that looks more modern and appealing. Read on for tips on home improvement projects that will increase the value of your property.
Refinishing hardwood floors
The most expensive aspect of refinishing hardwood floors is the labor. In addition to the sander and the sanding belt, you will also need a vacuum and plastic sheeting. Additionally, you will need stain and topcoat. Both of these will cost money and are dependent on the type of stain and the square footage of the floor. The labor costs will be higher in areas where the cost of living is high, but this will offset the costs of refinishing hardwood floors.
Installing new wood floors
According to the National Association of Realtors, the installation of new wood floors in a home can add up to 5% to the overall value. The return on investment for new hardwood floors is about 70 to 80 percent. That is, if you spend $15,000 to install a new floor, you can expect to earn at least $6,000 upon selling your home. On the other hand, if you decide to use less expensive materials, your ROI may be less than half that.
Repainting
Painting the exterior of your home is an effective way to boost your property’s curb appeal. Buyers are often enamored by the fresh colors in pictures. New paint will make digital images brighter and cleaner, and that will translate to increased online traffic. Painting the interior of your home is important, too. While repainting the exterior is essential to improve the look of your home, you should also consider repairing damage and painting the trim.
Adding a bathroom
Adding a new bathroom will increase the resale value of your property. Bathrooms are highly-desired by prospective home buyers. According to recent studies, homes with at least one bathtub or shower sold more quickly than homes with a single bathroom. The addition of a new bathroom will increase the house’s value by about 60%, though this figure may vary depending on the region.
Converting a basement to a living area
The first step to converting your basement into a living space is to obtain planning permission. To obtain planning permission, you should hire a professional basement company. These professionals can help you understand planning regulations and the processes involved in completing a basement conversion successfully. In most cases, converting a basement into a living space is allowed under permitted development rights in England. In some cases, however, this process is not possible in a listed or Conservation Area.
Adding insulation
Insulating your home is an excellent investment for a variety of reasons. It not only reduces energy costs, but it can also protect your walls from water damage. It is a worthwhile project to consider when looking to sell your property. Professional insulation contractors can help you get the job done right for maximum benefits. Aside from the monetary benefits, insulating your home will also enhance the interior of your home.
