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Tuesday, January 21, 2014

Top 5 investments that will boost the value of your home

 Basement and attic renovations add living space to a home
Energy efficient renovations lower cost & add value
By David Glenn

Maintaining or increasing the value of your home is an ongoing concern. Even if you are not looking to sell your home in the near future, the chances that you will part ways with your home at some point are high. There are some worthwhile investments that you can make in your home that will immediately increase the value of your home.

This article will take a brief look at the top five investments that produce the greatest increase in value to your home.

Modernizing the kitchen

Unless there are places in your home that are just screaming for attention and renovation, the kitchen is by far the wisest place to invest your hard earned money with the hopes of increasing the overall value of your home. Recent research has revealed that the wife has the greatest influence in the decision making process for purchasing a home. The same research revealed that the room that carried the greatest gravity with wives is the kitchen. There are so many ways that you can go with kitchen renovations. You can change the appliances or flooring. When changing appliances you can always go with automated appliances. Home automation is becoming quite the rave. Another popular Kitchen renovation is to change the lighting. The truth is that any upgrades, especially those that are universally impactful (something that the average person would find value in – not to personally specific), will add value to your home.

Basement or attic renovation

Any renovations that create more living and functional space add value to your home. Turning the basement or attic into an additional bedroom or game room is a move that is common and it works quite well. You have the option of creating the ultimate man cave of sewing room. The fact is turning these dead spaces in your home into functional and livable spaces is like instant equity. By renovating the basement or attic you immediately increase your square footage and room count.

Give the bathroom a boost

This can be done without having to perform a complete overhaul. You can change the cabinets and fixtures or maybe change the flooring or shower design. Something as simple as adding crown molding has the potential to add personality to your bathroom. Another trend that is picking up steam in the arena of bathroom renovation is the installation of contemporary lighting. There are numerous options for you to choose from.

Home automation

With the advancement of technology and its integration into the everyday life of the common man, home automation has become a huge plus for prospective home buyers. Having a basic setup can boost your home's value significantly. Although the initial set up can sometimes seem expensive, the residual benefits outweigh the costs.

Update your plumbing

Another simple way to add value to your home is by changing the plumbing fixtures, especially in the kitchen, master bath and the main bath. The modern plumbing fixtures that are available today have the capacity to add character and personality to the kitchen and bathroom areas, immediately adding value.

About the author: David Glenn is a home improvement expert and freelance writer with over 30 years experience in the home building industry.

Image license: Scott Maxwell, CC BY-S.A. 2.0