10 major home improvements
Home improvements may be expensive, but they will increase the value of your property. (Photo courtesy of Penny Luker)
For most, home ownership is not solely about having a roof over one's head. Instead, it is about cultivating a sense of pride as a homeowner and investing in the future.
For this reason, when most people purchase a home, they have a list of the improvements that they would like to make on that home.
Most homeowners have at least a few high-end improvement ideas in mind. By making these high-end improvements, homeowners can improve the time they spend in their comfortable homes, but they can also increase the value of their homes, securing a higher purchase price should it be sold.
Here is a list of the 10 most expensive:
1. Add a swimming pool, hot tub or sauna
After a long day, homeowners like to relax, and a swimming pool, hot tub, or sauna can help them do so. This high-end improvement can make for a more luxurious home, but it can also be costly. Despite the high cost of construction, all three of these home improvements must constantly be maintained.
2. Convert an extra room or closet into a home office
Not all homeowners work from home or hope to go into business for themselves. Yet, a home office is a room that most owners enjoy -- if nothing else, it is a place to store books, important papers and the desktop computer.
3. Design a closet Beverly Hills style
The closets of the stars are like rooms of their own. Complete with racks, shelves, displays and seating, a Beverly Hills-style closet is an excellent luxury home improvement idea for a person who keeps up with the latest fashions.
4. Create a gourmet kitchen
Cooking is no longer a chore with a kitchen renovation that turns a traditional kitchen into a luxurious one. From designer granite to state-of-the-art appliances, a gourmet kitchen is an eye pleaser, and it also has practical appeal to both homeowners and buyers. Homeowners should consider both the look and function of a gourmet kitchen.
5. Add an addition or finish a basement
Hiring a contractor for either of these home improvements are expensive, but the payoff is similarly grand. A finished basement adds value to a home, and also creates space for a number of luxurious home items, such as a media room or a home gym. More space is always a good thing when home value is concerned.
6. Add or remodel a porch
In addition to feeling comfortable on the inside, most homeowners want their houses to look good on the outside. A well-kept front porch is a home improvement that not only helps homeowners foster a sense of pride in their homes, but also adds enough value to help a home sell. Homeowners who want a very elaborate remodel may consider a wrap-around porch or porch with a gazebo.
7. Pay attention to the outdoors
According to TLC, "outdoor living" is in, so some of the most high-end home improvements are actually done outside their homes. Homeowners who want to spend more time outside or make their home’s appeal more to potential buyers. Elaborate outdoor home improvements include brick grills, high-end patio furniture, new landscaping and ponds or other small bodies of water.
8. Hire a professional interior designer
Through a combination of color, decor and furniture arrangements, professional interior designers make a big difference when it comes to a home's look and feel. Homeowners who are looking for a put-together interior should not discount professional help.
9. Install a luxury bathroom
A whirlpool bath, spacious shower and in-bathroom media center create a bathroom experience unlike any other. Homeowners interested in relaxation and attracting buyers will enjoy this elaborate option.
10. New floors
Switching from carpet to hardwood or from hardwood to carpet is an expensive home improvement, but for homeowners who want to complete an elaborate repair. It can be an excellent way to make their homes look completely like new. Homeowners should realize that they may have to repaint or change decor if they are choosing different colors for their carpets or while selecting hardwood.