Home renovations may be costly, but it is a good strategy to add value to property. If you are looking to lease or sell your property, you should renovate it to improve its chances of being bought or leased.
Renovations can increase the market value of your property. Hiring a general contractor in Manhattan for your home improvements may cost you, but it can give you a return on investment when you put your house in the market. Here are five simple renovating techniques to help improve your property's curb value.
1. Update the kitchen
The kitchen adds the biggest value to the property. An updated and modern kitchen can make or break a sale. It also gives a high return on investment when remodeled properly. Choose a modern and sleek style that suits most people’s tastes. However, make sure that the remodeled kitchen still conforms to the house’s overall decor.
2. Add or update the bathroom
The second most important room in a property is the bathroom. A renovated bathroom can significantly increase the property value. Clean or change the tiles and update the walls, the fixtures, bathtubs, sinks, and toilets to modernize the bathroom.
3. Add a bedroom
Your property is valued by its land size and number of bedrooms. Adding a bedroom can significantly boost the value of your property. However, make sure that it will not significantly compromise the size of the other rooms.
4. Update the color or layout
Changing the color of the house is the easiest way to redecorate your home while also adding value. Additionally, changing the floor plan of your home to a welcoming, open layout makes it more appealing to potential buyers.
Overall, renovating a house not only improves your home’s appearance but it also increases its market value. Expect a return on investment when you sell your home in the future.