Every day, with the real estate market looking more and more like it’s going into a slump, people are deciding it’s not a good time to sell their home. Instead, many are doing the next best thing by spending their time and money on additions that add value to the home.
These additions can take many forms, from the convenient ones such as kitchen remodeling to the more adventurous, such as building a greenhouse to try seeds from i49. However you decide to play the coming market, employing some of these ideas are almost sure to make you money when the time comes to sell the home.
Remodeling the Kitchen
Many people consider the kitchen to be the heart of a home. Because of this, of all the updates a homeowner can make, those made to a kitchen are often the ones that pay for themselves first. According to HGTV, homeworkers who remodel their kitchen can expect a 60 to 120 percent return on their investment.
Remodeling the Bathroom
It almost doesn’t matter anymore what you do to a bathroom. The chances are good that it will recoup much of your money. In fact, according to HGTV, estimates on the return on investments for a bathroom remodel are between 80 and 130 percent of your investment. If a home only has one bathroom, adding another is almost certain to pay a significant return. Even repainting will add a lot of value.
Build a Greenhouse
Adding square footage to a home is another possibility that will almost certainly add value to a home, but when that space is dedicated to something truly unique, it is sure to be a winner. Such is the case with a greenhouse, where those with a green thumb are sure to be attracted. And those without a green thumb are almost sure to develop one when they have a greenhouse to work in. Whether it’s planting flowers for decorating or growing cannabis for profit or medicinal uses, a greenhouse is almost sure to be a hit. The chances are good that you will end up being the only one on the block with one if you have one.
Adding a Deck
Adding a deck is another way almost instantaneously to add value to a home. When outdoor living spaces become more accessible, people stay home for vacations, and they need space to enjoy their time. A deck can make a home more appealing, and the house will be more attractive to possible buyers after a homeowner decides to sell. HGTV claims that a homeowner who invests in a deck will recoup from 65 to 90 percent of their investment.
It doesn’t take a lot to realize that performing some additions and updates to a home can go a long way towards increasing a home’s value. It almost doesn’t matter what a homeowner decides to do. From something elaborate like adding a greenhouse to something far more basic, a homeowner is nearly sure to realize an increase in value to their home. The ideas are almost infinite for anyone who has ever considered the possibility of taking on an updating project. All it takes is a little imagination and a little know-how to make a home into a showpiece. Sometimes, this will be so true the chances are good that a homeowner wouldn’t want to sell when the market does improve.