Small Upgrades that Boost NM Home Value
NM Home value increases with improvements and upgrades, especially if you plan to sell your house several years after purchasing it. You can make these improvements gradually, so you don’t break your bank. But, what upgrade should you prioritize to boost the value of your home? Here are some upgrades you might want to consider and, in the end, a bonus section for improvements to avoid.
Kitchen Remodeling
Kitchen remodeling is the best improvement you can make in your house. Many people consider the kitchen the heart of the home. This is where you can eat, prepare meals, or hang-out while your closest friends and family come to visit.
In remodeling your kitchen, keep future buyers in mind. You can remodel your kitchen in two ways.
One, you can repaint the kitchen from its walls down to the furniture. This simple upgrade can make your kitchen look new and crisp. Just make sure that the repainted theme is still appropriate and in harmony with the rest of the house. Also, use eco-friendly paint. Homeowners in today’s market want to go green.
Buy energy-efficient appliances, especially if you want to sell everything as part of the house. These appliances can help save money by reducing energy consumption. Would-be buyers look at these improvements because they want to save money for more important expenses.
Here are a few reminders, though: don’t overdo the remodeling and avoid fancy, deluxe kitchen appliances.
Adding a Bathroom
This upgrade is worthwhile if your house has one bathroom. It can be expensive, but it can boost the value of your home. The new toilet can be an unused room or space, such as under the stairs.
A full bath with a bathtub requires a 35 square feet space. A bathroom with a stand-up shower needs 30 square feet or more. On the other hand, an 18-square feet space is enough for a half-bath.
The total cost of the project depends on the accessories you place in the bathroom. Watch out for sales on bathroom accessories, which values are often cut back 50% to 70% off the original price.
Room Reinventing
Adding a room is an expensive project, no matter how good a plan is. Your original budget can double or triple, depending on the problems you and your contractor encounter. So, the best solution is to reinvent unused rooms and space in your house.
You can start with your basement. Convert it into a game room or a second living room. Alternatively, the basement can become an apartment you can rent out to someone.
Other than the basement, the attic is another space you can reinvent. You can remodel it into your kid’s playroom or a craft room for yourself. It could also be your home office, especially if you have a work from home set-up. You can do the reinventing all by yourself or hire a contractor.
Adding Energy-Efficient Windows
Many potential buyers look for ways to save money with their house purchase. They want energy efficiency in all aspects of their future home. Aside from energy-efficient appliances, you can add windows with the energy-efficient star symbol.
Energy-efficient windows can make your HVAC system work more efficiently. As a result, you can save up to $500 a year on utility bills. Installation of these windows entitles you to receive a tax credit for using green energy.
Basic Upgrades
Your house ages, too, because of the various elements it faces every day. So, check your roof for possible leaks. Update the roof after several years, even though you don’t experience water leaks. You don’t want hidden damages ruining your chance of selling your house in the future.
Repaint the entire house and keep it looking new. Check the plumbing, the electrical system, and the HVAC system annually to ensure the house is in great shape.
Bonus: Improvements to Avoid
- In-Ground Swimming Pools (too expensive and not cost-effective)
- Gourmet Kitchens with High-End Accessories (makes your house too hard to sell)
- Whirlpool Baths (costly to maintain, making people hesitant to buy your home)
- Sunrooms (high energy costs in summer and winter)
- Expensive Landscaping (too much customization, a turn-off to the would-be buyer)
- Home Office Remodeling (not all people are keen on having a luxurious home office)
Concentrate on making small upgrades. However, don’t forget about NM Home Insurance. Ensuring your home can protect you against losses and damage. If you want to know more about insurance, you can call us. We will gladly discuss everything you want to know.
About Daniels Insurance, Inc.
At Daniels Insurance, Inc., we have a unique understanding of the risks that businesses like yours face on a regular basis. With the backing of our comprehensive coverages and our dedication to customer service and quick claims resolution, your business will be fully protected. For more information, contact us today at (855) 565-7616.