- Adding an outdoor deck is a great way to increase the square footage of your property and increase its value.
- An outdoor shed provides extra storage space and privacy, while an additional bathroom increases the value of your property.
- Home security systems are becoming more popular, adding value by providing a safe living environment for future buyers.
- Finishing a basement is an excellent way to add more living space and make your property more attractive.
- Energy-efficient upgrades can help you save money in the long run and boost the value of your home.
As a real estate investor, your main goal is to get the most out of your investment. One way to do that is to add value to your property. The good news is that adding value doesn’t always have to be costly or complicated.
In fact, many easy-to-build additions can make a significant difference in the value of your property. In this blog, you will learn about some additions that can add more value to your residential real estate investment.
Outdoor Deck
An outdoor deck is a beautiful addition to any home, creating a comfortable space for you and your guests to relax. This type of addition is relatively easy to build and can be completed in just a few weekends. Adding an outdoor deck can increase your home’s square footage and boost its aesthetics. You’ll also add to your home’s resale value, making it an excellent investment for the future.
Outdoor Shed
An outdoor shed is an excellent addition if you’re looking for additional storage space. This structure can be used to store tools, furniture, and more. It also provides extra privacy and security, keeping your belongings safe from external elements. 8×12 is the perfect size for most residential sheds, and it’s easy to construct in just a few hours. You can purchase 8×12 shed plans to make the process even easier. These plans will give you the instructions and materials needed for a successful build.
Extra Bathroom
Another simple but effective way to add value to your property is to build an extra bathroom. If your property has only one bathroom, adding another can make a huge difference in its value. This addition is not too complicated either: you will only need to allocate enough space for a shower, toilet, and sink. Extra bathrooms are popular among homebuyers, and they can significantly increase the value of your property.
Home Security System
Home security is a critical concern for everyone, and adding a home security system is an intelligent investment. With the increasing popularity of smart security systems, such as Ring and Nest, setting up a home security system is easier than ever. Such additions not only protect your property but also add to its value. By providing future buyers with a secure and safe living environment, you can command a higher price.
Finished Basement
A finished basement is another way to increase the square footage of your property. It’s often neglected but can potentially add a lot of value to your home. By finishing your basement, you’ll be able to create additional living space, such as a game room, a home office, or additional bedrooms. It’s an excellent way to add more functionality to your home, making it more appealing to potential buyers.
Energy-Efficient Features
Finally, making your home more energy-efficient is an excellent way to add value to your property. There are plenty of energy-efficient upgrades you can add. Here are four of the best ones:
Solar panels
Solar panels are becoming more and more popular for homeowners, as they can significantly reduce your electricity bills. Installing solar panels on your property is a great way to make it more desirable and increase its value.
Insulation
Adding insulation to your walls and ceilings is a great way to keep the temperature inside your home regulated. This will help you save money on energy costs and will make your home more desirable to potential buyers.
Double-paned windows
Replacing single-paned windows with double-paned ones is another excellent energy-saving upgrade. Double-paned windows help retain heat in the winter and keep your home cooler during the summer months, resulting in reduced energy bills.
LED lighting
LEDs use significantly less energy than traditional light bulbs, which makes them a great addition to any home. Installing LED lights can help you save money in the long run and will make your property more attractive to potential buyers.
Energy-efficient homes are in increasing demand, meaning that these additions can significantly boost the value of your investment.
Adding value to your property doesn’t have to be costly or complex. As you’ve seen, many easy-to-build additions can make a real difference in the value of your residential investment. From an outdoor deck and shed for extra storage space to energy-efficient features like solar panels and LEDs, these additions will add more functionality and increase the resale value of your home. With just a few weekends worth of work, you could turn your house into a profitable asset!
