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Ideas for Home

Three Best Renovations to Increase Property Value

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Your home is one of your most valuable assets, especially considering how much money you've invested in it. What if you could make it even more valuable? If you plan to sell your home in the future, proper improvements and renovations can increase its value by orders of magnitude. If you want your home to look its best, investing in renovations is the perfect solution. If you're looking to improve your home, here are three best renovations to increase property value.

Installing a Garage

When people search for real estate, they often choose homes with the most amenities and those that stand out from others. One such amenity is almost always a garage. A well-equipped garage allows you to safely store your car indoors rather than outdoors in bad weather. It also protects the vehicle from theft. If you're considering building a garage, the total cost depends on several factors. These include:

  • The size of your car
  • The size of your home
  • Prices from the garage construction company

Adding a Home Elevator

Nothing speaks to comfort quite like installing an elevator in your home. If you or family members suffer from disabilities that make using stairs dangerous, the risk of falling and sustaining serious injuries increases. However, a home elevator can help you move easily between floors. This is one renovation that will definitely increase property value. However, installing an elevator requires careful planning. It can take a lot of time and require significant investment. Be sure to consult with a reliable home elevator specialist to guide you through the entire process. They will help determine the best placement, calculate costs and project timelines.

Three Best Renovations to Increase Property Value

Consider Installing a Pool

A pool, in terms of improvement scale, is similar to a home elevator. While both are investments that may take time to implement, they can increase your home's value. Pools are among the most sought-after amenities by real estate buyers. Whether it's an individual who wants a personal beach or a family of four looking to spend summer time outdoors, pools can significantly increase property value when resold. In fact, you could double the original listing price. And if combined with an elevator, it can make your home the most valuable in the neighborhood. The cost of installing a pool depends on its size and style. The average cost for a small underground pool ranges from $20,000 to $30,000. Larger pools, such as city-sized ones, can cost up to $150,000. Choose a pool size appropriate for your yard rather than just going big.