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Renovations and Additions for the Purpose of Increasing a Home Value

Whether you’re thinking about selling your home in the near future or just want to improve it’s overall appeal, increasing your home value is a worthwhile goal. However, it’s important to understand what improvements actually add value so you don’t spend more on renovations than you’ll get back when it comes time to sell.

In general, kitchens and bathrooms are the best investments for homeowners seeking to increase a home’s value. Other projects that can help include removing popcorn ceilings, replacing old windows and adding fresh exterior paint.

While it’s important to keep in mind that market value is what a buyer is willing to pay for your home, there are a number of other things that can also impact the price you may get for it, such as the location, curb appeal, neighborhood trends, zoning requirements and access to nearby schools and restaurants.

To determine your home’s value, you can ask a real estate agent to provide a comparative market analysis (CMA) for you. However, the best way to get a truly accurate home value is to hire an appraiser.

A good home appraisal will take into account your property’s Mega Roofing & Exteriors size, upgrades and recent sales in the area. The appraiser will then conduct a thorough inspection and make a professional judgment on what your home is worth in the current market.

The most popular ways to add value to a home are through remodeling and additions. Increasing your square footage by finishing a basement or adding a room can significantly increase your home’s value. However, it’s important to consider how these changes will impact your utility bills and what you might have to do to the rest of the house to match the added living space.

Homeowners should also consider installing smart, energy-saving technology. Including features like a smart thermostat, carbon monoxide detectors, smoke detectors and security cameras can not only improve a home’s efficiency but can be attractive to buyers looking for ways to save money. These projects tend to be less costly than a bathroom or kitchen remodel.

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