You're thinking of flipping your home or building a new house with a price that is right for your needs. If this describes you, make sure to contact your home builders in Iowa City, IA to perform these home enhancements. These simple upgrades will add real value to your home and make you a significant profit if you try to sell your home.
Upgrading Your Kitchen
The kitchen is one of the most critical areas of your home and must be treated with respect. For example, you need to add new paint, a better series of countertops, better appliances, efficiency-minded items, stainless steel surfaces, and quartz items.
These upgrades are significant because they make your kitchen not only look better but improves its usability. These days, a growing number of home buyers are mastering at-home cooking to save themselves money. As a result, they're willing to spend good money on a home with these enhancements.
Just how much more? If you add these elements to your home – spending around $5,000 or so – you can expect a return average of about five percent. While you may end up with a return as high as seven or as low as three, five is a good average to expect from this investment.
Enhance Your Outdoor Experience
Too few homeowners take the time to enhance the look of their home's exterior. This mistake is a problematic one because you may neglect the curb appeal of your house and decrease its value heavily. Thankfully, you can hire home builders to add a variety of elements to your home that boosts its value exponentially. Each of these items should add not only extra comfort to your home's exterior but a beautiful look and a variety of amenities that make it more fun to hang out outside.
For example, a deck or a patio with a built-in grill is an excellent choice because this design will appeal to a large number of people. You can anticipate millennials, baby boomers, and almost all other generations digging this benefit. Just as importantly, you need to get your builder to add elements such as seating areas with simple seating arrangements and a comfortable outdoor fire pit. A few seats around this pit will add more value to a home than a pool, which can become a burden for some buyers.
When it comes to landscaping, make sure that you have a light touch with what your builders add. For example, foliage that is too lush will be hard to manage and may be a deterrent to some buyers. Try to keep the bushes and trees down to just a handful that your builders can position near your exterior walls and other vital areas. This simple tip can add up to five percent to your home's value, which is a significant increase when you're buying an expensive home.
A Whole-House Generator
If you hire home professionals to install a whole-house generator to your home, you are doing yourself an excellent service. These generators will provide Iowa City, Iowa homes protection when lousy weather – such as the threat of tornadoes – knocks out your electricity for an extended period. This type of generator can usually power your house for days on end, as long as you have a good store of gasoline or a solar pack that can draw energy for the batteries in your generator unit.
Most of these generators can cost anywhere from $7,000 to $15,000, which can seem like a significant investment. However, you can often offset this cost by looking for tax breaks on the generator. The federal government – and many states – will give you a tax break if you install items like this on your property. Some will cover a particular portion of the installation expenses while others will provide you with a lump sum based on how much the generator will save you in electrical costs.
However, this type of home improvement, which most builders should be able to handle for you, can add up to five percent to the value of your home. So if a professional priced your home at $400,000, you could get a boost of $20,000 to the home’s value. This rate will vary depending on many factors, such as the cost of the generator and its efficiency, so make sure that you talk carefully to the builders to ensure that you make the smartest choice for improving your home value.
Add Smart Technology
These days, a growing number of home builders are focusing their skills on creating "smart" homes or houses that utilize a variety of high-tech elements to a house. You need to make sure that you add items that will add safety to a home or efficiency and which aren't likely to become outdated too quickly. Too many high-tech devices can decrease the cost of your home because they may go out of date and make your home seem like a relic of an earlier time.
However, some types of technology rarely go out of style. For example, wireless controls remain useful for just about any home. Just as importantly, programmable comfort items like thermostats are particularly helpful. Thermostats help you create a more efficient HVAC system and will help save you money, no matter if the technology gets outdated. Even better, millennials and other professionals look for these types of benefits because of their green nature.
Just as importantly, you need to make sure that smartphones can sync with your home's programmable devices to ensure an even bigger yield. Like with generators, you can anticipate a return of up to five percent on this investment. So make sure that you talk to your home builders when you're designing and crafting your home to ensure that you get these amenities. Even if they end up becoming a little outdated, they offer an immediate value improvement if you plan on flipping the house quickly.
Calculate Your Costs
If you get each of these four improvements for your home, you will add 20 percent total to the value of your home. That is a very significant amount that more than makes up for the thousands of dollars you'll spend. For example, all of the improvements above are likely to cost around $50,000 total when added up. However, if you buy a $500,000 house and add 20 percent to its value, you will be making $100,000 on the deal for a total profit of $50,000. That's not chump change.
So if you're interested in these types of improvements for your property, contact home builders in Iowa City, Iowa right away to see how they can help. These experts can perform many of these upgrades or add them to your home while they build it. Even if your expert cannot perform a few of these enhancements, they should be more than capable of at least planning their execution. As a result, you'll get the beautiful home at the value that you deserve.