Obtaining a property appraisal is an important step in purchasing or selling a home. Getting an inaccurate appraisal can mean the house sits on the market for a lot longer. And the property appraisal definitely influences whether or not you can get a mortgage approved. An appraiser will give a home value based on other comparable houses, plumbing, electrical fixtures, curb appeal and the overall condition of the property. There are some home remodeling projects that can help increase the value of your home. It is important to know what types of improvements will actually increase the value of the home.
When looking at home remodeling projects that increase the value of the home, adding an entire room can help. This is not just putting up a divider to make one room into two rooms. Building a whole new room adds square feet to the house which can increase its value. It is important to have a professional contractor help with this type of home remodeling project since you will need to make sure it matches up correctly. The exterior will have to be the same as the rest of the house and it will need to fit with the rest of the home’s design.
Installing a wooden deck or building an outdoor kitchen can improve the home’s price and make it easy to sell. Either of these can make the backyard more appealing and functional. Remember to install outdoor lighting fixtures to make it even more appealing. A well designed high quality deck can increase the home’s value while making the backyard more appealing to interested buyers. If the deck is used to provide a walkway to a pool, this can be even better. These types of outdoor additions are great ways to increase the value of the home.
Remodeling the Kitchen
This home remodeling project can add substantial value to the home if it is done correctly. Homeowners who can provide extra storage, new durable flooring options, or updated appliances can realize a large profit when they choose to sell the house. Upgrading fixtures like the sink and selecting energy efficient appliances can be beneficial. You may want to consider adding a kitchen island, replace countertops or refinish the cabinets for an increased in the price of the property appraisal.
Just a simple house painting project can improve the home’s curb appeal and increase the price of the home. Even though you really like those trendy interior paint colors, repainting in neutral colors can mean a quicker sale. Interior house painting should all be done in neutrals like beige, cream, tan or even light gray. These can give the home a little color, but neutrals have been proven to make a sell long before brighter colors as sometimes it’s not the taste of the possible buyer or they are turned off by too much color. You can also do some exterior house painting to improve the curb appeal. Just remember to hold to the more traditional neutral colors for this project as well.