More and more homeowners are spending their hard-earned money on renovating and designing their homes. They will usually scout and hire contractors who provide home renovation and design services to make their investment look and feel new. But have you ever wondered how do all of these projects can increase home value? Can you see the connection between the two? This article can provide accurate answers to these questions.
Designers such as Candy Scott of MOOD Design + Build offer home renovation and design services. If you’re wondering how working with businesses like them can increase the value of your home, consider the points below:
- It Can Make Your Home Look More Attractive
How your home looks from a distance can create an impression. Regardless of whether you’ve invested in the most advanced and expensive indoor appliances, if your home doesn’t look good on the outside, don’t expect that you can gain any buyers or tenants. The exterior of your home can create a lasting impression.
Renovating and designing can increase home value because it allows you to improve the property’s curb appeal. If your house looks welcoming from the outside, a lot of buyers and tenants will be enticed to inspect your home upfront and eventually do business with you. You can start by making sure that your landscape is well-maintained and the exterior of your home has a fresh coat of paint, clean fixtures, and uses a fully-functioning roof.
- It Can Make Your Home Low-Maintenance
Being a homeowner is a long-term commitment. After buying a house, you have to make sure that all of the utilities and fixtures are working properly. Everything in your home should be functional for the longest time possible. After all, there’s no point in having a home that doesn’t have electricity or water.
Renovating and designing your home is one way of increasing its value because it allows you to upgrade to low-maintenance components. For example, when you replace your roof before putting your home up for sale, potential buyers will have peace of mind knowing that they will not be burdened to look for contractors who will repair and replace their roofs in the future. Buyers and tenants are looking for homes that will provide convenience to their lives, so by hiring contractors who provide renovating and designing services, you’ll be able to achieve this goal easier and faster.
- It Can Make Your Home More Efficient
Aside from making sure that your home has working fixtures and amenities, you also have to consider how your future buyers and tenants will manage their electricity bills. No one would want to buy or rent a home that will require them to pay expensive energy bills in the long run. Renovating and designing your home can ensure that this will never happen. These projects can increase the value of your home because they give you the opportunity to upgrade your home with energy-efficient features.
You can do this by investing in double-pane windows, LED lighting, and enhanced attic insulation. And while the installation of these features might require money from your pocket, everything will be worth it in the end. Having energy-efficient features will allow your home to gain higher value in the real estate market, making it easy for you to earn a profit from this investment.
- It Can Make Your Home Bigger
You don’t need to be a rocket scientist to know how important square footage is when determining the value of a home. The more spacious your home is, the better the price it can be sold in the market.
When you renovate or design your home, you’ll be able to increase its value because you’ll have the liberty of adding more space. Depending on your preferences, you can add another room in your house and use it as another bedroom, entertainment area, or living space. If you’re looking for more unique and creative ways of adding space to your home, consider transforming your basement into another living space or think about adding a patio to a deck. All of these projects are smart investments because they allow you to turn vacant spaces into functional areas.
Work With The Pros
Regardless if you’re planning to resell your home or turn it into a rental property, paying for renovation and designing services will allow you to make the most out of your investment. Just make sure that you’re working with contractors who have a proven track record in the industry so you can maximize the value of your property.