5 Home Features That Enhance Property Value

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Home renovations are becoming increasingly popular. With property markets facing some downturn in the wake of the current economic crises, people look for ways to boost home value before selling dramatically. While many popular renovations don’t offer much return on investment, there are a few things you can do to turn a decent profit. This includes various projects that will increase the resale value of your home.

From building your home security system to making quality of life improvements, it’s often the more basic improvements that get you the best returns. Curiously, different rooms and facilities also have varying impacts on the value of your renovation investment. Today we look at the very best home features that enhance property value.

Swimming Pools, But Only In The Right Market

One thinks of swimming pools as a feature of more expensive homes, so it seems to stand to reason that they are a feature that will improve the value of a property. In some cases, this is true. Higher-end homes situated in areas with the appropriate weather can see an increase in value with the addition of a home swimming pool.

A swimming pool can also be a deterrent and even decrease property value in the wrong market. Suppose your home is in a region with unfavorable weather or suffers any degree of water shortage. In that case, you could see a higher home value by having the pool filled and effectively removed. The maintenance costs may also put some buyers off.

A Properly Finished Basement

Your home’s basement may seem like an afterthought. One doesn’t hear stories about people renovating their basements, but that may be to their detriment. Surveys show that high-income demographics prefer a home with a basement.

While this may be the case, any old basement won’t do. People are looking for homes with basements that are well kept and fully featured. A proper basement renovation won’t set you back a fortune and will almost certainly see a decent return on investment, depending on the market demographic.

Open Floor Plans

There is nothing new or original about the idea of open floor plans. Perhaps it is precise because of how ubiquitous the concept has become that it is now pretty much par for the course to open up your home’s floor plan before putting it on the market. The most critical areas to open up are the main living room, kitchen, and dining area.

Curb Appeal

Although it has almost no bearing on the practicality of a home, most buyers tend to base their decision to purchase a home primarily on its curb appeal. It doesn’t necessarily improve anything about the home. No matter the condition or features of the home’s interior. But it is the first impression that a prospective buyer will get, and a house with a lousy curb appeal will never sell for the asking price.

Security

People are always concerned with their security. Security systems are prevalent, with things like CCTV systems and emergency response warnings improving the safety of a home significantly. Likewise, features like specific parameters and electric fencing can up the market value of your home and give a great return on investment.

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