Friday, February 13, 2009

Dramatically Increase Property Value with an Extra Bathroom

By Thomas Johnsen

Congratulations. As a home owner you have the great benefit of increasing house prices that will eventually put money in your pocket. Prices can increase and decrease but in the long run they will eventually increase in value.

But instead of just waiting for prices to rise to your favor you can also help them by adding an extra bathroom to your home. Especially if you currently have only one bathroom than an additional one will help you increase the value greatly.

Something as simple as a basement bathroom will not only be easy to add but you'll also be able to do it fairly cheaply by following these simple tips and guidelines.

Tip #1: Instead of thinking about what you might like in terms of colors and interior decoration think of what the common homeowner might like. If you try to design the room to fit the taste of the majority you'll be much more likely to get that extra value increase you're looking for.

Tip #2: Don't buy anything at the normal price. If you have the time to wait for the god deals you'll be able to save thousands of dollars in total. You can find wholesale dealers or maybe even closing sales that will let you have things at less than half price.

Tip #3: Go for common brands and mass produces items. You'll find that people can really tell the difference between something that is mass produced and the higher priced designer items. And you'll definitely not get the increase in property priced that you'll have to put in to get luxury brands installed.

Tip #4: If you're a handyman and you know how to do most of the basic work around the home you're in luck. The biggest expense by far when creating a new bathroom is the payment you'll have to make to have other people install everything for you. The more you're able to do yourself the more money you'll make.

Each of these four tips can be followed on it's own but if you combine them you will get the greatest benefit from it. You will probably be able to see home value increase by at least 5 times the price of the materials you have put into it and maybe even more.

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