Do Those Additions Really Add Value To Your Maine Home?

Do Those Additions Really Add Value To Your Home?When you own a home in Maine, there are additions that you can make to the property that will improve the value of your home. For example, a newly renovated kitchen or bathroom is a popular choice that will really make the home more desirable to buyers.

Also, adding storage space or a well-thought-out family room or other practical space can be a very good investment that will bring up the home’s value.

However, there are other projects that are not really worth your time or money and will allow very little opportunity to recover your costs when it is time to sell the property. Here are a few examples of things that you think might add to the value of your home, but really don’t.

An Elaborately Landscaped Garden

A beautifully landscaped garden might make the home more visually attractive to Maine buyers when they are looking at the property, but it will not likely add to the selling price.

This is especially true if the new buyer is not interested in putting in the effort to keep the garden well-maintained and sees it as a burden. If they don’t have time to do the landscaping, they will need to hire a gardener which will add to their expenses.

A Hobby Specific Room

Are you tempted to convert a bedroom into a room that is specific to one of your particular interests, such as an art studio, a library or a wine cellar? This will not add a lot of value to the home, because the next buyer is not likely to share your passions.

It might even make the home less than desirable, because the next owner will not want to spend the time and money renovating the room back into a bedroom.

You can create a hobby room; just make sure that you make non-permanent chances to the room so that you can quickly and easily switch it back to a bedroom.

A Renovated Garage

Redoing your garage and turning it into a family room or a play room might give you a short term benefit, but you might regret it when you go to sell the home. Most people want a garage to serve its original purpose – as a place to protect their cars from the elements and store their shovels, garbage cans, leaf blowers and other outdoor things.

These are a few examples of home additions that will not add to the resale value of your property. To find out more about selling your home, contact your Maine mortgage professional.

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7 Simple Steps To Finish Your Basement This Holiday Weekend

7 Simple Steps To Finish Your Basement This Holiday WeekendNot only does the Labor Day weekend signal a little time off work, but it also indicates a close to the summer season, which means it’s time to get ready for colder weather.

So get in the spirit of the long weekend and put the labor of love into your home by creating a cozy hideaway that your family can retreat to once the outdoors become too chilly.

One of the best places to create this snug space is to mimic hibernating animals and go under ground — to the basement.

Whether your lowest level needs a facelift or is completely unfinished, Labor Day weekend is the perfect time to make a game plan and get started on remodeling your basement.

Step 1 – Obtain A Permit

Before you can just slap up insulation and drywall, you need to make sure your basement is even fit to dwell in.

Check with your city to ensure there aren’t any permits you need to obtain and that the space is up to code. If you don’t do it right, then this update could haunt you when it comes time to sell.

Step 2 – Get The Air Flowing

You’ll want this space to be warm in winter and cool in the summer. Contact a contractor to see if getting air to this lower level will be as easy as tapping into your current HVAC system and whether or not your existing appliance can handle the extra space.

Step 3 – Design And Frame

Now comes the fun part. Decide what you want down there! A bedroom or two, a man cave, or TV room; a blank slate provides all sorts of exciting options. Once you’ve got a plan, start framing it out.

Step 4 – Add Emergency Exits

This underground level needs exit points that go directly outside. So, install a back door or windows that someone could fit through in case of emergency. If there are bedrooms in the design, they also each need their own exit point.

Step 5 – Insulate And Drywall

While the ground surrounding your home provides some insulation, you’ll want to properly insulate around the perimeter and in between rooms to provide a noise barrier. Then put up the drywall.

Step 6 – Install Flooring

Pick out your flooring, such as wood, tile, carpet or vinyl. It mostly depends on what type of rooms you’re planning to create. Make sure your floors are level before you lay anything down. It’s especially common to find slanted floors in older homes.

Step 7 – Paint And Decorate

You’re almost finished! Pick out your paint colors, move in your furniture and enjoy your new cozy hideaway. Colder weather will be here before you know it, so use the long Labor Day weekend to get this project started.