Increase Your Home Value with 8 Home Remodeling Ideas
Did any of your home upgrades pay off when it came time to sell? There are many things you can change and remodel in your home, but these 7 key home improvements are guaranteed to increase the value of your home.
- Remodeling the Kitchen
The kitchen is usually the first room in the house that needs updating. After all, the kitchen is the heart of the home. I’m not sure about you guys, but the hang out spot at my house is usually the kitchen. Remodeling continues to have the highest budget allocation.
For many families (mine included), this room is where everyone gathers around or entertains their guests. Holidays, birthdays, a little family get together; this room is definitely utilized the most in a home. For this reason, you can expect to recoup 60%-120% of investments from remodeling a kitchen, as long as you stay within your budget.
- Adding a Bathroom
You can never go wrong with having more than one restroom in your home. This is why you can recoup 80%-130% of investments from adding another bathroom. Most homebuyers will use any room with underutilized space or take an extra room to upgrade it into a master bathroom.
- Reinventing a Room
This home improvement can be the most expensive upgrade to a house. Adding more square footage to your home can easily accumulate costs but it can bring you a 50%-83% return on investment.
- Adding Energy-Efficient Windows
Energy-efficient home improvements not only recoups 60%-90% of investments cost, but it can also reduce energy taxes as well! When you replace your windows or doors with energy efficient models, you can receive a tax credit and 10% of costs, up to $200.00 per window.
- Adding a Deck
Outdoor living spaces, otherwise known as staycations, can significantly increase the value of your home. As more homeowners are adding decks and patios to their backyards, it instantly becomes more appealing to prospective buyers when the house is for sale.
- Energy-Efficient Insulation
It’s about that time everyone has basic insulation installed, otherwise the cost to live in and maintain an unmodified home can be a burden. Most potential buyers make sure to include this home improvement into their reports.
*One way to ensure your house is well insulated is with the right masonry.
- Basic Updates
Making basic updates to your home is a no-brainer. Making small improvements such as fixing a leaking roof, replacing rotting wood and keeping paint fresh will always add the most value to your home. A solid and safe home is always appealing to homebuyers.
So if you plan to remodel or make improvements to your home, remember that even the smallest of projects can make a big difference to the value of your home. Also, focus on making your home safe and energy-efficient because it guarantees lower energy costs in the future.
Take a look at your home’s soft flooring. Are your carpets and area rugs stained or worn? Ideally, you may want to replace them all, but if a limited budget puts a snag in that plan, start by replacing the carpet in the room that shows the most wear and tear and replace the others as your finances allow. Hardwood flooring is also an upsell. Visually it’s beautiful, and gives such a natural feel to your home.
7 Tips on Building a Mother-In-Law Suite
Mother’s Day is here and it’s a day we give our moms a little extra attention. But, as our parents age, celebrating mom just one day a year may not be enough. Luckily here’s a new trend in housing that keeps our parents an active part of the family and the attention they deserve: “mother-in-law” or “in-law” suites.
Mother-in-law suites are whatever you need them to be. Bed and bath additions to a home, converted rooms, free-standing apartments or in home suites. What they all have in common is their preferred locations on the ground floor for accessibility and their added sales appeal (generally they increase property value, but by how much depends on the kind of addition you create and can be up to 60%). The additional space can also be used outside of in-law housing and can be purposed as an office, living space for recuperating relatives or serve as a guest bedroom until you yourself no longer wish to tackle the stairs.
Multigenerational housing is increasing yearly, and professionals agree: it’s best to start thinking of the future of your parents and in-laws (even your own) now rather than when you need to. They’re perfect for living situations between relatives who want to keep their privacy and save some independence while also feel included in the rest of the household. If creating these mother-in-law additions seems to be in your future, then consider these seven tips before you build.
- Check Building Area Codes
Before you begin, check with your city on building area codes because this can limit what you can do with your addition. Most zoning rules limit additions to having a bedroom, bath, sitting area and kitchenette. You can get around the kitchen problem by installing a wet bar or making sure the addition has access to the communal kitchen. Adding a kitchen or creating a free-standing unit makes it a AUD (affordable swelling unit) which is considered rentable-this makes your home no longer a single-family home and requires separate permits.
- Check Your Septic Permit
You don’t really think about it, but if you have a septic tank you also have a permit for it. There are many rules we often don’t have to think about when it comes to our plumbing, but many septic tanks can only allow for three bathroom connections. There’s a chance you mayk have to increase the size of your system to allow for an addiction with a bath, which means increased costs to prepare for.
- Choose a Location
With the type of space you want to build in mind, it’s time to look around your home for the best place to build or convert. Permits permitting, you can transform your garage or porch area to an enclosed dwelling. If you’re looking to create a new addition to your house, look for an area along the first floor next to a room you underutilized and can use a space near and existing bathroom. If you convert existing rooms, you can combine two rooms to make a suite: think formal dining and living areas you use only for guests, etc. Now they can house more permanent guests.
- Separate Power
You m ay want to consider keeping your addition on its own spate power, heart and A/C source. It will help in the future should you decide to charge an occupant rent, but more importantly, you can shut the unit down when it’s not being lived in.
- Keep Occupants in Mind
When laying out the blue prints for your addition and choosing what kind of addition to create, keep the ones who will be living there in mind. Will they need wider doors and hallways? Assisted baths with lever handles and stylish guardrails? No slip-flooring and no-curb showers? Even if your parents or in-laws are physically active now, they may need help from time to time in the future. This also goes for how much privacy and independence they desire. If you want to spend a lot of time together, maybe you can forgo a kitchen or sitting area and share the communal ones. Or maybe they would prefer an entirely separate living arrangement. It’s up to your family.
- Keep Others in Mind
If your relatives aren’t planning to move in permanently or they won’t move in for a while, it’s important to keep everyone in mind with the décor of your addition. Keeping things neutral, from flooring to curtains to wall color, will allow whoever lives there to add their personal touches on top of this basic groundwork.
- Enjoy Your Family
Having a parent move in with you may seem daunting at first, but many families who are interviewed say it’s been a blessing and many wish they’d done it sooner. Sure there are the logistical benefits of cut care costs, but the biggest benefit is spending more time with your entire family and taking care of those who once took care of you.
Eight Must-Knows When Adding an Addition to Your Home
For many homeowners, they love their neighborhood and location, but they are growing out of their house. Consider adding on, because in many cases you can get exactly what you want without moving to a new home. Here are a few tips to keep in mind when thinking about an addition.
- An addition will forever change the layout of the house, so keep the flow of the home in mind and how the addition will change the existing feel.
- Create a thorough and detailed wish-list. You can always prioritize it once you consider all elements. This is a great way to find out what you really want out of your addition.
- Legal Restrictions – be sure you are allowed to extend your structure and that it meets all ordinances, zoning restrictions, and rules.
- Know your budget – don’t lose track of the cost. Know what you plan to put in and if that will add value to your home.
- Materials – when adding on, try to match the existing exterior so your addition will look original. If a perfect match is not possible, choose material with the same tones and textures.
- The details matter – a well-designed addition will incorporate key architectural elements from shingles to gutters to windows to trim.
- Remember the landscaping – include these elements in your overall plan to ensure proper flow from indoors to outdoors.
- Plan for some chaos – depending on the size of the addition remember that your home will not be back to normal for quite some time. A general contractor or remodeling firm can handle most of these details for you and has the knowledge and experience that is necessary. It is highly recommended that you review testimonials and ask for references from your potential contractor. You may even want to interview up to 3 contractors or companies. You will want to have several meetings to discuss ideas, plans, budget and timing.