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Home renovations do more than make your home more luxurious and modern. They also increase the resale value, which can net you a bigger profit should you decide to put it up for sale. There are, however, certain things you can do to further enhance the value of your home. Here are three renovations and projects you can do to improve the value of your home.

Increase the Space of Your Home

Many that are purchasing houses these days are coming along with families of three to five, so tacking on additional home amenities is in your best interest.

We’ll start by talking about one of the more long-term projects; adding more space. This is one of the biggest renovations you can do in your home. And when it comes to resale, bigger houses generally sell better. How much space you add depends on your personal preference, the base size of the house and the size of the plot. For example, if you live in a two-bedroom, one bathroom house, you may be tempted to add another bedroom and bathroom. Many that are purchasing houses these days are coming along with families of three to five, so tacking on additional home amenities is in your best interest. Let’s not forget about the space behind your house; the backyard. If you have younger children but don't really have an area for them to play in, adding to the backyard is the way to go.

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Add a Home Elevator

According to, another renovation that adds value to your home is the installation of a home elevator. Although it might sound a little over the top, it's a great way to ascend the higher levels of your home without having to strain yourself going up the stairs. This particular renovation is especially appealing to people who are elderly or suffer certain medical conditions. Aside from making your home more valuable, a home elevator comes with many benefits such as:

  • Minimizing the risk of slip and falls
  • Adding style and grace to your home
  • Saving up space that would originally be used for stairs
  • Simplifying your home life

Unlike adding another bathroom or bedroom where the price is dictated by the measurements, home elevators have set prices. The average price of a home elevator ranges from at least $30,000 to as much as $40,000. The cost is dependent on how many floors you plan on having it go through. It should also be mentioned that the type of elevator you want to have installed plays a part in this as well. Hydraulic elevators, for instance, is an exceptional home elevator, but they’re typically the most expensive while pneumatic elevators cost less due to them being easier to install. You’ll have to do some research before coming to a final decision.

Make the House Energy Efficient

If there is one thing every homeowner or industry longs for, it’s a decrease on the utility bills. Heating and air conditioning costs can fluctuate when you least expect it. That's why many great buildings look for insulation for industrial building that has many benefits such as lowering energy bills, noise, and carbon footprints. Installing a smart thermostat, however, can keep your home energy efficient. Smart thermostats automatically regulate the temperature in your home. You can even access some models through your smartphone or tablet prior to your arrival. This saves money and helps extend the life of your HVAC.