About to take up a remodelling, renovation, or home makeover project to increase the value of your home? Well, before you begin, you should know that there are only some specific construction projects that increase a home’s value in the market.
Here, we’ll be discussing 11 such ideas for renovating the house as per your needs and convenience to benefit from a better valuation.
Home Improvement Projects That Add Value to Your Home
The 11 construction projects that increase a home’s value are:
- Resolving structural issues
- Updating the utilities
- Fixing interior defects
- Remodelling the home
- Adding a bedroom
- Opting for a kitchen makeover
- Renovating the bathroom
- Landscaping the garden
- Improving kerb appeal
- Creating additional storage
- Styling the interior
A detailed explanation for each of these ideas to improve a home’s value is shared below. We hope that these will enable and empower you to do a better, more financially rewarding job when it comes to renovating the house.
1. Resolving Structural Issues
If you want to increase the value of your home, then cosmetic changes can only take you so far. Ultimately, if the basic structure of your house is weak or in need of repairs, then you will have to prioritise that first. You cannot remodel your home or perform any major makeovers without looking into this home improvement project first.
Some of the possible structural issues that you might have to resolve include:
- A leaking roof
- Damp walls
- Cracks in the walls
- Pest infestation
2. Updating the Utilities
If you’re living in an older property, it becomes necessary to update your utilities and keep them up to the current standards. Rewiring your home and upgrading the plumbing system are two of the prerequisites in this regard. Even if you do not plan on selling your home immediately, all future home buyers will require updated utilities, and having them ready can become a huge plus for your aged property.
3. Fixing Interior Defects
Another idea to improve a home’s value is to inspect the interior of the house for defects and much-needed repairs and to perform those in a timely manner. Some of the possible signs that you shouldn’t ignore include:
- Peeling paint
- Mould stains on the walls
- Dripping taps
- Squeaky doors and windows
- Foul odours
- Cracks in the ceiling
- Creaky floorboards
- Loose wall or floor tiles
- Defective door locks
- Broken window panes
- Damaged flooring
Most of these issues can be resolved quickly via the DIY approach or by calling a technician over to your place. Dripping taps are one of the most common plumbing problems that can be fixed on your own. You can also fix squeaky doors and creaking floors with some easy DIY methods. With regards to paint, if roller brushes aren’t your thing, consider spray painting your walls for a unique finish.
4. Remodelling the Home
If you’re eager to take up an extensive home improvement project, opt for remodelling the home. Do keep in mind that remodelling a house does not only mean knocking down walls. It involves carefully studying the floor plan and evaluating how the central living spaces can be opened up or put to better use. The best way to go about it is first to have a floor plan of the house in hand. You can draw one by hand or using relevant software. Determine which walls are loadbearing walls, as those cannot be removed.
Next, eradicate some extra walls, open up the central living space, and maybe opt for an open kitchen and dining area. You will start seeing plenty of options once you study the floor plan in detail. Multi-functional living spaces and open floor plans are all the rage nowadays, and fewer but larger living spaces will make the house seem larger than it is. Employing an open floor plan also offers a lot of customisation options for homeowners who want to infuse their personality into their interior.
5. Adding a Bedroom
Got a small storeroom that you’re not putting to good use? Consider converting it into an additional bedroom for a surefire way to increase the value of your home. You could also consider dividing one large room into two and creating two bedrooms out of the same space.
6. Opting for a Kitchen Makeover
The kitchen is the heart of every home, and most families gather in the kitchen or around the dining table for at least one meal daily. Therefore, a spacious, modern, and functional kitchen is what home buyers are looking for. If you have dated features in your kitchen, it might be time for an upgrade. Adding new countertops, a better sink, additional storage cabinets, a kitchen island, or new tiles are some bankable ideas to improve a home’s value.
7. Renovating the Bathroom
Just like the kitchen, upgrading the fittings and fixtures in your bathroom will also increase the value of your home. Make sure there is adequate lighting, a shower area, or even better, a bathtub with a shower, and modern sanitary fittings in your bathrooms. Add a small high window or an extractor fan for ventilation as well. You can consider changing the tiles if they’re dated, worn, chipped, or loose.
8. Landscaping the Garden
When we talk about the construction projects that increase a home’s value, we cannot overlook the importance of a home’s exterior. This includes kerb appeal, which we’ll talk about in the next point, and the garden or yard that comes with the property. Nobody likes the sight of an overgrown and unkempt garden, and this is why landscaping is vital when renovating the house.
Redesigning your garden will make it more attractive, not just for prospective buyers, but for your guests as well. If you have a large garden, consider adding a rock formation or a waterfall fountain that can be a big hit with home buyers. Adding an outdoor seating area or patio and a paved space for hosting garden parties or a BBQ are other ideas you can consider.
Even if you cannot perform any of the above-mentioned major renovations in your yard, do make sure that you weed your garden, trim the plants, water them regularly, remove any dead ones, and avoid an insect infestation so that the outdoor area is presentable and appealing to the eye.
9. Improving Kerb Appeal
Kerb appeal refers to the impression people get when they view your property from the road before they even take a step inside. Buyers values kerb appeal and thus, taking care of your house’s exterior is mandatory to increase the value of your home. As such, you can consider repainting the doors, windows, and exterior walls. You can also replace the front door or broken windows (if any).
10. Creating Additional Storage
Having lots of storage space is generally high on the list of priorities for most home buyers, and this is one of the many ideas to improve a home’s value. Custom-built storage spaces that make ideal use of spare nooks and corners are sold along with the house and play a big part in boosting the value of a property.
11. Styling the Interior
Well, once the structure, interior, and exterior have been taken care of, we can move on to styling the interior. Hardwood floors, modern light fixtures, and false ceilings are some interior styling tricks that can increase the value of any home. Additionally, if you’re putting your house up for sale, paint the house in a neutral shade so the new buyer can easily give it their unique touch. Moreover, declutter and clean the home, which is a task that can easily be done over a weekend.
Get your home evaluated once you’ve completed all of these home improvement projects, and you’ll immediately see a hike in its financial value. However, give yourself enough time to finish these tasks before you list your house for sale so you can successfully increase the value of your home.
For more posts on how construction and renovation projects can help you make your property more appealing, keep following Zameen Blog, Pakistan’s leading real estate, property, and construction blog.