Increase the Resale Value Of A Property With These Remodeling Ideas
When selling a home, property owners want to garner the best value for it. Remodeling and improving a home make great ways of increasing the selling price. Bathroom remodels, kitchen upgrades, and painting, among other projects, are the most effective ways of increasing the value of a property. Up to 76% of property experts state that using high-quality tiles that have good grouting add the highest value to a home while 70% believe adding other fixtures like electric showers has a similar effect. The text below highlights what remodeling this space entails.Electrical Fixtures And PlumbingA dated bathroom should be remodeled within the parameters of the existing space. Typical remodeling projects feature re-tiling, electrical, plumbing, and structural upgrades. Homeowners should determine if they need a new layout, create more space, or a simple update on the existing design to estimate the total costs. The average cost of a remodeled bathroom varies widely based on the age of the property and the amount of electrical work performed. For example, a homeowner who decides to add a backsplash and change the fixtures spends much less than one who makes an upscale remodel. Experts estimate that a simple remodel has a return on investment of 66% and 58% for an upscale remodel upon resale.LightingOther features that attract potential buyers include the lighting and the cabinets, so the homeowner should involve these areas in the remodeling budget. Experts also recommend adding a touch of luxury and functionality by:
- Installing a double sink
- Adding a steam shower
- Enhancing the storage areas
- Fitting a shower seat
PaintingHiring a remodeling expert is best when performing all these tasks. The colors and the style used on the space also light up a space. Remodeling specialists come in handy as they are well-versed in choosing colors that blend in with the homeowner's space and style. Neutral colors allow buyers to visualize themselves in that space. For the design, the remodeling expert should avoid stylish designs that will appear dated in a few years.Creating More SpaceAdding space is also a great way of adding value. A property seller should engage an expert in the construction, but the specialist may use few tricks to make it appear bigger if the homeowner does not want to construct another room. For example, using light colors like white make the room seem more spacious. White paint, white tiles, and white vanities create a spacious room as the color reflects light instead of absorbing it.However, if the homeowner is not a fan of the color, remodeling experts will use tone-on-tone palettes in faint hues like powder blue, soft grays, or warm shades of beige. The paint color used on the walls and tiles should complement the tone used to create a mild effect without creating visual breaks that shrink the style of that space.