Introduction
According to Mark Roemer Oakland, the real estate market continues to go strong year after year, and it’s the best time to sell your home. Whether you sell it now or in the future, you need to add value to your home to make the most out of your investment. Here’s how you can do that.
The Essentials
- Renovate kitchens and bathrooms – Renovating your bathrooms and kitchens is an easy way to increase the value of your home. However, you need to choose the materials carefully since kitchen cabinets are always in a damp environment and can be worn down very easily. That’s why you can’t skimp on cabinetry materials while renovating your bathrooms and kitchens.
They need to last for decades and need to be made from materials that can be quickly polished to return them to their former glory. Moreover, you need to pay a lot of attention to the kitchen since it’s the heart of your home. Choose kitchen designs that don’t just look good but are more open and practical.
- More dwelling units – You can never go wrong with additional dwelling units in your home. They have proven their worth during the pandemic when people required a separate space to focus on their work away from other family members. Moreover, they can also be quickly switched to a space where visiting guests, in-laws and friends can stay over.
Apart from serving multiple practical purposes, additional dwelling units also have the potential of earning you a substantial passive income. These units are self-sustaining and separate from the home. That means they can be rented out for the short term to students and young entrepreneurs. These dwelling units increase your property value and also earn you passive income till you sell your home.
- Storage – You can instantly increase the value of your home by adding any sort of additional storage. It may be anything from a walk-in closet to a pantry or a cute little farmhouse shed. Moreover, a pantry won’t run out of fashion anytime soon since more people are cooking at home even after the pandemic.
- Outdoor space – If you live in an apartment in the city, work on adding or improving outdoor spaces. Cities have limited space and developers usually don’t add outdoor spaces to apartments to make the most out of the precious real estate. However, that’s what makes outdoor spaces rare in cities, and adding one to your home instantly increases its value by a significant margin.
You can revamp a terrace or build a new patio. With hybrid dwelling units, you can always squeeze out a small area for adding an outdoor space for recreation and relaxation.
Conclusion
Mark Roemer Oakland suggests that you follow the above-mentioned tips and make those modifications to your home to add more value to it. Even if you don’t plan to sell your home, those improvements certainly increase your quality of life.
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