Your home is one of your most prized possessions, especially considering how much money you put into it. But what if you wanted to make it even more valuable? If you’re looking to sell in the future, the right upgrades and renovations can make that happen, with a much high price point. If you want to make your home look the best it can be, then investing in home renovations is the perfect thing to do. If looking to upgrade your home, here are three of the best renovations to increase property value.
Install a Garage
When people search through the real estate market for a new house, they often seek out ones that have the most amenities and really stand out. One of these amenities almost always includes a garage. Garages that are set up properly allow you to safely store your car inside instead of leaving it outside in harsh weather. It also prevents your car from being stolen. If you’re considering building a garage, the total cost will depend on a few factors. These factors include:
- The size of your car
- The size of your house
- The rates of the company who’s building it
Add a Home Lift
Nothing says convenience more than installing a lift into your home. If you or your family members suffer from a disability that prevents you from safely using the stairs, the risk of fall and serious injury is higher. However, a home lift can get you from one floor to another with very little effort. If anything, this is one of those renovations that’s sure to boost the property value. However, installing a lift does take proper planning. It can be a lengthy process and an even bigger investment. Be sure to consult a reputable domestic lift specialist with any questions you have to walk you through the process. They’ll help you determine which location is best for the install, how much it’s going to cost and how long the project will take to complete.
Consider a Swimming Pool
A swimming pool is similar to a home lift in the scale of the upgrade. While both are investments that can take time complete, both can increase the value of your home. Pools are perhaps the most commonly sought-after amenity by homebuyers. Whether it’s a single person looking to have their small private beach to themselves or a family of four looking to have some fun during the summer, pools can significantly boost resale value of their property. In fact, you could potentially double the original listing price. And with the home lift thrown into the mix, it’s possible you could have the most valuable home on the block. The price of installing a swimming pool depends on the size and style. The average cost of a small in-ground pool is approximately $20,000 to $30,000. Larger pools, like the size of a community swimming pool, can cost as much $150,000. Choose the pool that’s the appropriate size for your backyard, not one simply because it’s larger.