Valley Updates

5 Remodels to Increase Your Home’s Equity

It seems everywhere you look this time of year people are either selling a house, buying a house or fixing up a house. Folks often ask what types of changes should be made to their homes to make them gain more equity or so that they can feel like they moved into a new home even though they have lived there for many years. Better resale value, increased quality of life or just the enjoyability of your home is what many homeowners are after when they look to make remodeling decisions.  Here are five remodels to increase your home’s equity and make your space more enjoyable.

1. Kitchen: The kitchen is always the busiest place during a family gathering, a party, while dinner is being prepared or when homework needs to be done. Its where the food is prepared so naturally the aroma brings people to the source. No matter if the game is on or people are in the pool the kitchen is rarely empty during a house party. For this reason, with the kitchen being such a heavily trafficked area in the house its décor is of top priority to homeowners. Whether it is the latest appliances, a fresh new paint color or updating the countertops and cabinets these changes can help to increase the return on your investment almost 100%.  

2. Bathroom: The number of bathrooms a home has can be the difference between the house being sold or sitting on the market for longer than necessary. There was a time when a whole family had one bathroom and it was a fight to the finish every morning. Nowadays people want almost as many bathrooms as bedrooms. Master suites complete with a bathroom are almost a must. Closets and basements can be turned into half baths if space is limited. New sinks, multiple shower heads, whirlpool tubs, and enough storage space of course with a fresh coat of paint can make all the difference.

3. Landscape: It’s more than just cutting the grass and trimming the bushes. A yard which makes you feel like you and your family are on a luxury vacation is not only a dream come true but also a way to make spectators want to stop by to look. Flowers, trees, decorative stones, and a well-designed layout can give you excellent curb appeal. Adding a new deck or pool can also help to create an experience for you and your guests. An all-around nice yard with all the trimmings is contagious. When neighbors see one house with a nicely manicured yard, they naturally want to step their game up.  No one wants to be the yard on the street seen as an eyesore.  Everyone having a nicely upkept yard can also help increase the property value of your home.  When potential buyers are driving by, they want to see that the neighborhood looks pleasant.  Although you can only control your space if you do it right your neighbors may follow suit.

4. Home Office: We live in a highly connected world where it seems more and more people are working from home or going back to school. Having a home office where you feel comfortable and productive can have an impact on the value of your home.  Shelves, storage space and lighting in a home office can be a nice touch. It’s as simple as a spare room not being used or an empty closet and presto you have an office.

5. Basement: Finishing the basement can have many benefits to a homeowner. It can offer additional bedrooms, bathrooms, recreational space, increased storage and the list can go on and on. The basement can make a home with limited space become more appealing because of the possibilities and various options available. In some homes basements are turned into a full-service apartment complete with a kitchen, bathroom, bedroom, living room and even a separate entrance. The possibilities are endless and the opportunity for return on investment while living in the home or when it is time to sell could really add up. 

Making the right changes and upgrades to your home could really help to increase your home value. Whether you are trying to sell your home or want to make improvements to keep your home up to date we have you covered with Pioneer Valley Credit Union Home Equity options.  We offer great low rates, affordable payments and fast service so you can turn your plans into a reality.

For more information on our Home Equity programs and rates contact 413-733-2800.