Nothing’s better than watching the resale value of your home increase over time. It provides a sense of financial well-being. The latent capital in your home can help you in retirement or provide a safety net if times get tough. Or maybe you’ve bought your home as a short term investment…a pending flip.
Either way, home improvement projects are inevitable. But with each project, you need to make sure you’re increasing your home’s value. As a general rule of thumb, home improvement projects cost about 20 to 25 cents on the dollar…the other 75 to 80 cents spent go directly back into the home through increased value.
What Areas Should I Focus On?
Focusing on key areas like kitchens and bathrooms is always a good idea. But the one space that people often neglect is the garage. If someone told you that you could increase your home’s living space by a minimum 200 square feet for less than a few thousand dollars, would you do it?
Think about it. Garages are ugly. With the dirty, stained and cracked concrete, it’s not a space anyone would want to spend time.
But what if you could transform the space so that it would be comfortable, warm and inviting! And in the process, actually have an impact on your home’s equity.
You can add some inexpensive drywall, paint, lighting, heating, but most importantly…fix that concrete floor. Beautiful, durable epoxy flooring is the most important step in making your garage a true extension of the home.
Potential buyers will be thrilled with the idea of another usable room. You can transform your garage into your own retreat or sanctuary…man-cave, family room, art studio?
Resale Value: The Wrap
Whatever you decide to make it, your home will stand out on the market. Because you’ve increased the livable space, the return on your investment could be high. So talk to an authorized Garage Floor Coating flooring specialist. You can find an authorized dealer or franchise near you by going to www.garagefloorcoating.com. Simply choose your price range and style, the options are virtually limitless. And when we’re done, sit back, enjoy your new space, and watch your resale value climb.
Image credit for header – https://www.corvallisadvocate.com/2015/median-corvallis-home-prices-increase/house-with-dollar-signs1/
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