When you starting thinking about improving your home's value, one of the things that always comes up is doing some renovations. The problem with doing home renovations is that not all of them are worth spending the money on. You may end up spending more money on the renovation than will increase the value of your home. So, what are some things to think about when you are debating doing some work to your house?
You may want to think about maintaining what you have instead of adding on. For example, if you have hardwood floors, instead of replacing them, you may want to refinish them. Refinishing will make the floor look as good as new, but it will cost much less. Other maintenance options include resodding or replanting your yard or repainting the exterior of your house.
When you are doing any kind of renovation work in your house, you really want to make sure that the new things fit into your aesthetic. The problem is, if you are thinking about selling your house at any time, that new stuff, while it makes you happy, may not make potential buyers happy. So, your personal David-Bowie-themed room, complete with lighting-bolt-shaped hot tub may not add as much value as you think it will. An alternative to that could be a room with a regular hot tub with neutral wall colors and lots of pictures of David Bowie. That way you are still getting themed room that you want, but when it comes time to sell, potential buyers will be able to see themselves using that room instead of seeing themselves having to do a lot of work to make sure that the room is ready for them.
Check Your Roof
One thing that will always pay off is redoing your roof. If your roof is starting to reach the end of its lifespan, you should definitely consider replacing it. When you put your house up for sale, one of the things that any house inspector is going to look at is how sound your roof is. If you have papers showing that it has recently been replaced by a company like Alleva Construction and that the roof is well within the average lifespan for the material, that can add on to the amount of money you are going to end up with after the sale.
Doing renovations to your house can help improve your house's property value, but you need to make sure that you think about which renovations you do.
By the time I finally finished saving money for my new home, I knew that I wanted something special. I didn't want to buy a starter home, and I really didn't want to deal with fixing up an older place. Instead of scouring the market and dealing with real estate agents, I decided to work with a general contractor to start building a place of my own. However, I didn't choose my contractor willy nilly either. I spend hours interviewing and researching various construction firms until I found the business I wanted to work with. This blog is all about working with contractors, so that you can make better construction decisions.