There are many things you can do to your home to increase the potential selling price of it. At the same time, there are many, many more things you can do that will give value to you, but will not increase the selling price any way. It is important to squeeze as much money out of your assets as possible. After doing some research, I have found this list of 5 improvements that you can make to your home to increase the property value.
1. Adding an Attic Bedroom.
This is the best improvement you can make on your house in terms of return on investment.
2. Adding a New Bathroom
Adding a new full bathroom to your house can increase its value roughly 20%.
3. Refurbishing the Basement
Converting a basement (glorified storage space) into a fully functioning room increase the square footage of your house and can increase the value dramatically.
4. Add an Alarm System
In these uncertain times, more and more families are beginning to value home safety as a qualifying factor for a potential home purchase. Adding an alarm system can increase your home value more than the system is worth.
5. Boost Curb Appeal
It is possible, and sometimes easy, to dramatically increase the sell time and sell price of your home just by making it look more attractive.
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