In today’s buyer’s real estate market, homeowners are always seeking efficient ways to get the most bang for their buck when it comes to improvements. Here are four major projects that make a big impact on the value of your home.
Add a Bathroom
If your home only has one bathroom, you can vastly increase the value of your home by adding another one. In fact, HGTV estimates that you can recoup 80%-130% of whatever you spend adding a bathroom. When it comes to finding room in your house for an extra bathroom, it pays to look at any extra rooms or un- (or under-) utilized spaces. Consider other spaces, such as closets or areas under the stairs, too.
Add Energy-Efficient Appliances
One great way to increase buyer appeal and add home value is to replace old appliances with newer energy-efficient models. Energy Star-rated appliances are better for the environment, and they also help you save money because they ultimately use less energy. Potential buyers often look for ways to save money when shopping for a new home.
Add a Murphy Bed
Having a guest room is a great addition to a home, and many buyers seek them, but if your family and friends visit only one or two times a year, that entire room is empty and unused for about 350 or more days a year. If you add a Murphy bed instead, you increase floor space and allow that guest room to serve multiple purposes. You could have a real, dedicated home office, a private media room, a playroom for kids, or a craft or hobby room in addition to a guest bedroom, without building any new rooms at all! Even better, today’s Murphy beds are fully customizable, comfortable, and adaptable to fit in with any home décor style.
Focus on Outdoor Spaces
Adding a deck or outdoor living room area immediately increases the value of your home. Outdoor living spaces have become more desirable, especially with more people stay home for vacation. HGTV claims that homeowners recoup 65%-90% of their investment by adding a deck. Many buyers understandably see an outdoor entertaining space as an additional room of the house, and it is one that can be added with minimal construction costs.