Whether you are selling your home or looking to buy one, there are many ways to increase your property’s value. Among these ways is making improvements to the house itself. For example, you might add an extra bedroom to it or make the exterior more appealing. These changes can also add a significant amount to its value. Here are some tips on how to maximise property value. Read on to discover the ways to increase your home’s value.
Improve the condition of your house
Improving the condition of your house can increase its value if you plan to sell it in the near future. For example, you can add functional space to your house by finishing the basement or knocking down non-load-bearing walls. These changes can add up to several thousand dollars to the value of your property. However, you should also consider other factors before making any improvements. While these projects are worthwhile, they are not necessarily the best way to increase the value of your home.
Make interior and exterior improvements
There are many ways to improve the appearance of your property and increase its value. Increasing the exterior value of your property is an excellent way to attract potential buyers, as it increases curb appeal. However, besides making the home more appealing, it can also add to its asking price. Some exterior improvements are do-it-yourself projects, while others require the services of a professional contractor. Whether you decide to perform these renovations yourself or hire a professional, many of them can be completed without breaking the bank.
Add another bedroom
If you’re looking to add another bedroom to your house, it’s worth considering several different options. One of the cheapest ways to add another bedroom is to convert an existing one, but there are some important factors to consider when doing so. Here are some tips for maximise property value. First, determine whether you can add a second story to your home. This will add approximately 30% to your property’s value, but you’ll have to pay between $300 and $500 per square foot. You’ll also need to reinforce the walls and foundation. You’ll probably also need a new roof, or you’ll need to lift the existing one.
Adding another bedroom to your home can boost your property’s resale value by 15% to 20%. It can also increase the size of your master bedroom, but be careful to ensure that you’ve got enough space. Adding an extra bedroom can also increase the house’s square footage, so you need to make sure you’ve got enough room to accommodate more people. The extra space can also lower your property’s asking price, so make sure you have enough space to do this without compromising on comfort.
