Okay…. So more times that not we throw money into improvements with the goal of boosting the market value. Sure, some of our alterations are purely to derive more enjoyment out of our property. But even then if we can boost the value at the same time, all the better.
One of the most overlooked places to begin a value boosting improvement is the floors and walls. There is no single way to shift the look of your property at a very “cheap” price point.
Now, before you get going, put together a market valuation to make sure you don’t overbuild your neighborhood. Your buddy with the real estate license can do this for you or, alternatively, pull up sales data on Zillow.com.
If you have carpet laid down, whatever type of flooring there is underneath it will determine the best way to proceed.
Hardwood is expensive, and it scratches easily. Alas, it is beautiful and always pushes the home value north. If this is the base below the carpeting, consider yourself lucky. With some sanding and polishing you can do wonders. Alternatively, you can install hardwood relatively inexpensively. The type of wood you get will determine the pricing, with natural hardwoods being one of the most expensive and bamboo or laminates being more affordable.
If you like the soft feel of carpeting, you don’t have to get rid of it. However, if you want to boost the value it makes sense to update your carpeting and getting rid of any dingy carpet you might have. Some designers advise sticking to neutral colors (like beige) to leave space for any type of décor. Personally, I would consult with a knowledgeable real estate agent for the best colors for your given area.
Linoleum is durable, cheap and has an ambience all its own. Don’t expect to see huge jumps in value by using it, but its sure to be a step up if your current flooring is ragged or outdated.
Ceramic tiles are the norm in the bathroom and kitchen. Word to the wise – chipped tiling is a no no when it comes to value. So replace any and every broken tile. If you’re having a hard time finding the same type of tile, you can either replace all of them or put together a pattern using alternating styles of tile.
Just some ideas to play with. Until the next time, happy improving!