How Features of a Property Can Increase Value

Property

• Some of the core elements of the value of your home come from the location and features of the property itself. Desirable traits in a piece of property can dramatically increase its total value. For instance, lakefront or beachside property is traditionally worth far more than landlocked property, and city real estate is generally more expensive than real estate in the suburbs. Large trees, nearby activities or landmarks and sheer size can all have an impact on what your property is worth.

Bathrooms

• When you think of home enhancement, you may think of fancy tile or dramatic visuals. However, one of the best ways to instantly increase your home's value is to add a second bathroom. A second bathroom provides extra convenience to a family with children and makes your house much easier to market as families will look for places that work well for their needs. Adding a bathroom may be expensive, but it pays off in the long run.

Decks

• Adding a deck to your home is usually cheaper than adding a room or completely overhauling your garage or kitchen, yet it can add significant value to your property. A nice, covered deck with room to grill and sit outside is a coveted feature in small homes. People who look at your house as a potential new home can imagine themselves sitting outside with their family, making a few steaks and enjoying a nice summer evening. This means a big bonus at selling time.

The Kitchen

• A kitchen makeover has one of the best cost-to-value ratios of any home improvement, as long as you approach the situation with care. Avoid major expenditures like home espresso machines and focus on adding nice cabinets and storage space, finding attractive stovetops and sink fixtures, and putting in an island if there is room available. This can be an expensive project but will dramatically increase your home's appraisal value.