Tuesday, January 24, 2012

adapt, re-use, and increase your home value...

For the most part the value of your home is based on a pretty simple formula.  The first factor is mostly out of our control; the supply and demand of the real estate market around you is not something you can control.  Now the good news.  One great way to add more value is to use more useable space.  One way to do this is through adaptive reuse. 


Adaptive re-use is a term that gets used in the architecture industry a lot.  In my mind it essentially means to take space that isn't being used to its full potential, or in some cases not at all, and re-purposing that space into usable square footage that will have value.  While the definition of this concept are intended for much broader purposes in architecutre, I like to think the concpet can be used in terms of personal property as well.

The most widely used example of this practice is turning your garage or basement into the ultimate "man cave".  Or, in my future wife's dream, a craft room.  A garage or basement is a great space to easily turn an expensive storage space into useable square footage that will increase the value of your home for a fraction of the cost to add-on to your house. {source}

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