Alabamans residing in Pelham, Trussville, Leeds, or Bessemer may not think about their residence’s resale value when purchasing a residence as much as they should. Birmingham has plenty of homes that could give homeowners a higher return on their investment. Considered one of the most popular markets at the end of 2014, Birmingham’s domestic market is expected to grow by 7.8% this year. Home prices are up 6 percent and the average home costs $174,000 in this city. The revival is attracting householders to the region.
What will add value to your property? In many cases, smart home improvements can add value to your home. If most houses in the city have two bathrooms, including an additional bathroom in a one-bath house can increase its value. The value of your home can be affected by the wrong choice. Until after they buy, some homeowners don’t think about a home’s resale value; they should feel it before buying the house.
Rent can hurt or help a home’s value
Location is really everything and a house that is in Birmingham’s Avondale Park district, an area of the district, can advertise better than one located on one of Birmingham’s busiest streets. Many households and couples want a home that is minutes from Birmingham city center, without having to listen to heavy traffic.
Avondale Park is popular and members and families may have to search for a while to find a 1920’s Federal, Georgian or Tudor country house here. You will find many neighborhoods to decide. Be sure to add outdoor advancements, for example planting a vegetable garden, they will add value to your home.
remodel the kitchen
Appliances, including the dishwasher, sink, stove, wall oven, and built-in microwave, can add value to a home. It must not stop there. Flooring with this change and hardwood can increase the value of your own home. Adding seating, countertops, and a homework space could also add to the value of your property.
When you remodel your kitchen, consider the cost versus what you expect to get back. You will need to spend more money than you expected to remodel. But if done right, a leading large kitchen remodel should return homeowners at least 68.9 percent of their expenses when they resell their property, according to Remodeling Magazine.
tackle a bathroom
Did you know that first time homeowners would generally opt for a two bath home, if it costs less to get a one bath home and install a second bath? How much will a bathroom add to the value of a house in Birmingham? On average, Birmingham homeowners can expect to recover 65.2 percent of their investment after a renovation.
What is really going to increase the resale value of a bathroom? Changing fixtures, such as adding a tiled bath or 2-person shower, can increase the value of a toilet. In the event that you are going to update a toilet, do not forget the small touches. Install light fixtures, a mirror that’s modern, and a new vanity. It could be great to splurge and buy floor tiles or buy an energy efficient toilet. Keep in mind that including bathrooms may unintentionally decrease the value of your home. It is not enough without having one of those as a main bathroom to have toilets.
increase space
Adding storage space and a family room could be a smart addition that increases a home’s value. Your home may not necessarily require a living room if there is enough space for the whole family to gather comfortably. It may be more significant to obtain space to store material. Walk-in cabinets are fundamentally smaller cabinets for properties and may not market well to all homeowners.
It’s best to think about what a buyer would want before buying a home. If he does this, he will know the resale value before he puts his house up for sale. Look at the trends; what’s popular today may not be tomorrow in your chosen Birmingham neighborhood.
