Renovation can add a lot of value to your home. I know it is not a piece of information being passed over for the first time. Yet, when we look at it, we will find that we do not know enough about how different areas of our home are boosted through renovation; some to a lesser degree and some to a greater degree, of course.
Curb area
Our curb area is the first place where our prospects’ eyes fall. It then creates the first impression of our house for them. Buyers are ready to pay more for what looks to them like a well-maintained property. De-cluttering, tidying the roof, adding a splash of new paint, fixing the window frames and door locks; these are small things which can make a hell lot of a difference. While an all-encompassing change can force you to fork out something like $30,000, it can add nearly a $100,000 to the cost of the home.
Landscape
Landscape is a heart-winner if it can stand to the test of aesthetics. Landscape has great utility, too. Providing shade during fierce summer and acting as a protective sheath for children playing in the lawn area. If prepared judiciously, this part of your home can provide you privacy from eager onlookers (and over-lookers). Manicuring the lawn does require professional help. They can give a very smooth, homogeneous and an elegant feel to the whole patch of green that you have. And just so you don’t forget- gardening is therapeutic in nature. It can heal a lot of emotional stress. Smart landscape can add nothing short of $70,000-$80,000 to the projection of your home.
Patio and barbecue area
Adding a well-laid out patio or a barbecue area can add close to $150,000 to your home. Obviously, by an outdoor living area what’s implied is an entertainment area. Such areas can be built with council permission and can use different materials than the ones used for the inside area. No permission is required for small-time repairs with identical materials.
Bedroom, kitchen and that touch of green
While a bedroom can add about $200,000 to the resale price of your home, kitchens and bathrooms, when prepared aesthetically, can add in the vicinity of $150,000. And before wrapping up, it won’t be out of place to talk about how prospective buyers seek green and energy-efficient designs today. Putting in these mantras can raise your home’s price by another $50,000.
How much did a thorough renovation project impact your resale price?