Buying an inexpensive, outdated home is a great investment. You can easily hire a company to update that 1970s styled kitchen into a modern dream kitchen or transform the ugly, carpeted bathroom into a spa-quality getaway. After renovating, your new home’s value increases exponentially. You have the choice to either sell it for a high ROI or keep it as an affordable home for yourself. See why renovating an inexpensive home is a wise financial choice.
Renovation Increases Your Property Value for Resale
Renovation for your property is a hugely profitable decision. You can increase the home’s size, improve the home’s layout to be more functional, or improve the home’s design to be more aesthetically pleasing. Take an old kitchen with maple cabinetry and floral wallpaper and renovate it to include painted shaker cabinets in a muted pastel color, granite countertops, and expansive windows. You can bring an old kitchen into the present by incorporating stainless steel, state-of-the-art kitchen appliances and strategically-placed outlets and charging ports for smartphones, laptops, and tablets. Similarly, update a musty, carpeted bathroom with brand new, natural stone floors for a sleek, relaxing spa experience. Go even further by installing his and hers sinks and a spacious, luxurious walk-in closet. Potential buyers will walk into your luxury bathroom and won’t want to leave! You can also consider adding a sunroom or an in-law addition to increase the property’s value by nearly 60%!
Customize Your Home
If you are planning on staying in your home and simply want to update it, then a professional renovation can provide you with a sense of satisfaction and accomplishment. You can customize your home to be a more comfortable, personalized living space. If you enjoy entertaining guests, then adding a screened porch or deck and renovating your kitchen to be open-plan and spacious provides ample room to make guests comfortable. Likewise, if you want to create a space that is just for you, consider building a cozy, closed-off sunroom that you can escape to for reading and relaxation. Or revamp your master bathroom suite with a large bathtub or Jacuzzi for some well-deserved “me time”. The possibilities are endless when it comes to home renovation. Plus, not only will your home be customized to your needs, but it will also be more valuable!