10 Interior Renovations That Add Value To The House
In an uncertain economic time, the biggest investment is your house. Many homeowners and first time homebuyers devote their investment into buying a nest for generation to come. Unfortunately with what we witnessed in recent economy crash, even the house prices can fall below the original investment. With this awakening alert, still housing market remains the best long-term investment for many families. Other than the house location and the land zoning value, a homeowner can add to the investment and the house value by doing some interior renovation.
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1. Adding space and light
The first impression of walking inside any house is to see how open the space is. The lack of space and improper lighting in the house turns off many homebuyers. The first update on the list that adds value to the house is to create more space with more light. If you have a wall that blocks the open view of the window
from the entrance then remove it to make the house more open.
Update your lighting system and electrical needs in the house. Keep the electrical system current with city requirement and add more updated outlet, cable box and ceiling lighting box and fixtures. Some homeowners take it to the next level and add an updated technology such as Wi-Fi access in entire house, TV cable and access in every room including bathroom and add extra smart security wiring with the new technology to control the heating and cooling system, lighting and the security alarm of their house with a touch of a button.
Aside updating within the technology, add proper light in every room makes the house more spacious and open.
2. Kitchen remodeling
The second most important renovation that guarantees the increase in the house value is remodeling kitchen. We have a perfect article on creating a checklist before renovating the kitchen. A kitchen is the heart of the entertainment in the house and keeping it up to date can easily charm the house up and add an excess value. A remodel of a kitchen runs $8,000 to $20,000 based on the kitchen space and the extent of the renovation.
3. Add bathroom and remodel
Many old bungalows and old houses do not offer an equivalent needed number of bathroom per rooms. Add an extra bathroom can tremendously make the house more valuable and perfect in the eyes of family buyers. Remodeling or adding a bathroom is a great opportunity for creating an earth friendly bathroom, which can help with monthly utility bills.
One of the biggest misconceptions that house owners avoid going green is that it is more expensive. Well friends, let me clear this once and for all, it actually cost less to convert or building a green bathroom or kitchen and the bonus is also saving on the monthly utility bills. The regular cost of adding a bathroom can run from $6,000 to $10,000 depending on the space and material of the choice.
4. Adding extra room
No matter the size of the house, the more room, the better the value. But adding a proper bedroom size must be the first in mind. Although in mega cities meaning to have a proper size is in void and misunderstood.
The question of how to add an extra room is based on what walls to remove and what space could be saved.
5. Finish the basement
A house with basement is calling for extra hidden value. Complete your basement and add a big value to your house and stand out from the neighbors. We will cover the total detail of completing your basement in another article. Completing the basement includes proper insulation, ceiling height, drywall lining and paint. Many house owners take it the next level and to secure a great increase in the value of the house and also a property income value, they complete their basement into one or two bedroom units with separate entrance. This is an extensive renovation since it requires building bathroom and kitchen and a great deal of planning.
The planning for such important renovation is managed through a qualified builder and contractor and managed and overseen by a professional architect and designer.
6. Interior paint
A fresh quote of paint and a choice of color can go a long way in giving adequate impression. A proper choice of color makes the rooms bigger and opener. It also has a big role in the house design and showing off the staging in the house. Other than the cosmetic benefit of a fresh paint, it also can help with the house insulation and saving energy. Say what? Yes, a quality choice of paint can help the moisture not make its way inside your wall’s core.
How to find a quality painter and contractor?
To find a quality and professional painting company or a contractor, post your need in bidsbypros.com project format and get connected with local service professionals. Design your project format with extra detail about the job and provide many pictures for extra description then share the finalized version with your friends via easy access social media buttons provided to get the best recommendation from people you trust the most.
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7. Add laundry room
A designated space to do laundry is every homeowner’s desire. Why not create your own by adding one and other than the convenience it provides, secure the increase in value and the money well spend for this project. The challenge to create such space is to address proper plumbing and electrical issues and follow the city codes. But the fun part is updating your old washer and dryer and replace these money stealing equipment with green and earth friendly washer and dryer that can save you bundle of money in your water and electric bills. The bonus for that is some cities offers tax credit to use certain approved green washer and dryer.
8. Add home office
Many big companies are cutting in their spaces and pay their employees to work from home. With this going green trend, companies are saving on the building size, water and electrical bills and insurance. The employees also save time and money by avoid the long drive to work. This is a great trend of new millennia and helps reducing carbon in the air since families eliminate the need of having a car per member of the family and having just one vehicle for family activities. With that entire saving and going forward to a future of employment, creating a home office is quite valuable.
To create a professional work place, reduce the noise and interruption by adding proper in-wall insulation. Also add all technology wiring and offering. Some homeowners go the extra mile and build a separate individual bathroom for this private home office. Creating a home office can be simply turning a room into a home office and add all the needed renovations. This project based on the space and the extent of desire can cost from a thousand to $10,000.
9. Add entertainment room
This is a tricky point to mention for adding value. If you have a small 3-bedrooms bungalow style house, converting one of those bedrooms into an entertainment room is a personal choice, not a renovating tool to add value. But if you have a ranch style Victorian style house with many rooms and square footage, then going through the expense and turning one of the rooms into an entertainment room and cinema can pay off.
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10. Add sunroom
Extend your living habit and turn your balcony, porch or back entrance into an outdoor living. Depending how far you want to use this space, heated or not heated makes it into a four seasonal use. Enjoy a sunny or rainy day while feeling as you are outside, safely under your own sunroom enjoying nature. Add a kitchenette, a luxury style patio and a great looking fireplace to make this new space in the house to be the conversation point of your house. Adding a sunroom is an affordable way of extending your house square footage. It is great way to increase the value of your house.
Another important factor that can be quite effective in showing off the features of your house and its added values is proper staging and choosing the right furniture. Many homeowners are not aware of this important fact and without consultation with qualified interior designer, go on a shopping spree for their furniture. Size, color and staging the furniture can help increase the space and open more rooms and show off the main features of the house.
Hire a professional interior designer via bids by pros and post your project for free.
Don Z
Interior design and staging