How To Increase Your Home Value?

It is an understood fact that in order to increase your home value you ought to make certain renovations, changes, additions, and improvements to your home.

However, the effectiveness of these improvements may vary from area to area. One improvement that may be highly appealing and in demand in one part of the country might not matter much in the other part of the country.

But not all improvements are equally effective, so where to start from? Let’s see.

Finish a Basement:

Finishing a basement includes a basement space of 700 square feet with insulation, drywall, lighting, and an emergency exit.

According to global studies, finishing a basement can boost the resale value of your home by 10.6%.

This is a highly location-specific amenity so you need to figure it out before implementing it.

Add a Bedroom:

Though this blog is based on international studies, adding a bedroom is something that seems particularly applicable in Pakistani culture. This is because most people have big or even joint families.

People here are mostly looking for big homes with a number of bedrooms. So adding a second or third bedroom can significantly increase your home value by 6.2%.

Add More Interior Living Space:

Adding more interior living space can earn you the same resale value as that of adding a bedroom to your home. But it purely depends upon the area in which you are living.

However, you need to remember that adding value is quite different than ROI. And, while calculating the value of your home and making improvements to it, you need to be considerate about your location and the current value of your home.