Whether you’re a real estate agent looking to expand their portfolio or a simple homeowner trying to turn a profit, you need to consider the property value. Property value is how much a house is worth depending on the amenities it has, and there’s no better way to add property value than by having the right renovations done. There are many renovations to consider, but we’ve already gone ahead and done the research for you. In this post, we’ll be listing off the best renovations to have before putting a property on the market.
Installing a Home Elevator
Home elevators are exactly as they sound; they’re elevators meant to help make it easier to ascend the upper levels of a property. Before, it was almost unheard of to have one of these in a home, but over time, they’ve become increasingly popular. Not only are they convenient, but home elevators also eliminate one of the most dangerous risks in a home: slip and falls. Slip and falls are, sadly, a very common household accident and can affect anyone.
However, there even more common among elderly people and small children. By installing a home elevator, you won’t ever have to worry about this. On that note, there are elevators that appeal to a wide array of potential homebuyers. This upgrade can be an a expensive investment, so you’ll need to research the home elevator prices according to Stiltz for an accurate estimate of what you’ll be spending.
Converting the HVAC Unit
Long gone are the days when we needed to rely on gas-fueled HVAC units. These days, more homeowners are converting their HVAC units into one that’s powered by electricity. This is a great way to combat the natural phenomenon called climate change. Gas furnaces, which released smoke via the chimney, have contributed to this problem. Like home elevators, this is an expensive renovation, so you’ll need to plan your budget out accordingly.
Replacing the Windows
One of the most important things to consider when putting a property on the real estate market is comfortability, and nothing contributes to this more than insulation. Insulation is the process of trapping heat in a certain area to maintain warmth.
However, there are many problems that can cause the insulation levels to be next to non-existent. The windows are a main contributor to loss of insulation. This is usually because the windows are old, broken, warped, or ill-fitted. It’s also entirely possible the windows weren’t installed properly. Regardless of the cause, replacing the windows is a great way to add property value and insulate the house.
Switch Out the Flooring
The flooring of a house is important, as is choosing the right flooring for your needs more specifically, but it’s somewhat underrated. There are some floors that must be replaced and there are many reasons for it. It can be due to wear and tear, excessive damage, is discolored or the floor makes too much sound when walked on. This renovation can range from affordable to being very expensive depending on the amount of square footage.