17 Dec How Can I Increase The Value Of My Condo?
Several factors determine the value of a condo, just like any other type of building. Meanwhile, you must increase the value of your home if you are planning a resale in the future. However, you are planning a future resale, or you intend to spruce up your property with the right condo renovation, you can rely on our tips to help you achieve your goals. As a result, we present to you five condo renovation ideas to increase the value of your condo.
1. Bathroom Renovation
Upgrading the bathroom is crucial to increasing the value of your condo. Make the bathroom a great place to start the day by getting rid of the lousy smell, fix chipped tiles, repaint the walls, upgrade the faucets to modern designs, change the toilet seat, replace the vanities, and install a glass shower if you can afford it. The transformation of your bathroom will translate into increased value for your condo.
2. Kitchen Upgrade
The state of your kitchen will bring a significant increase in the value of your condo. So, if you are looking for the right condo renovation to invest in, the kitchen is the way to go. Install a large sliding window above your sink, install a backsplash, change the cabinets or spruce them up, repaint the walls, and lots more.
Install in-built storage that can be integrated into the wall to save more space. Introduce multi-functional furniture, declutter your condo space, replace bulky furniture, and open up space within the condo to make it seem more spacious. It is essential to undertake a condo renovation that focuses on saving space.
4. Basement Waterproofing
The state of the basement is crucial to the value of a condo. As part of essential condo renovation projects, complete the basement of the building by waterproofing to prevent water seepage into the foundation and the growth of mold and mildew. Besides, extend the downspouts from the base of the building, and seal the basement correctly by hiring a professional company.
5. Energy-Efficient Lighting
Another condo renovation that will help to increase the value of your condo is to upgrade the electrical installation, fittings, and fixtures into energy-efficient materials. Install the LED bulbs to save energy service or replace your water heater with an energy-efficient model. All these target reducing energy consumption and energy bills.
Undertaking the condo renovation tips given above will undoubtedly increase the value of your property – whether you want to sell now or later.