How to Increase the Value of Your Home
While many of us don’t exactly realize it, our homes are one of our most significant investments. Its value continues to rise over time, and with some TLC, it’s possible to make a considerable profit if you plan to sell in the future.
However, knowing where to get started with renovations and modifications is challenging. Some improvements are worth more than others, and you want to be certain you’re putting money into the right places.
Below we are going to discuss a few solutions to help you increase the value of your home.
Let’s get started!
Improve energy efficiency
Energy efficiency may not be the first thing you think about when making home improvements, but it is crucial. Any changes that will decrease usage will reduce the cost of the next homeowner’s bills.
Simple switches such as installing LED light bulbs are a great place to begin, but it can also be worth looking into solar panel options too. While they may require a more significant initial expense, they certainly pay off in the long run.
Create a blank canvas
Unusual homes undoubtedly have a lot of beautiful features that can be of great value, but in most situations, having a blank canvas is better. White walls and a minimal design give future owners the freedom to make their own personal choices.
So, if you’re thinking of giving everything a fresh coat of paint, keep it light and airy. It’s also best to avoid making any crazy changes that you wouldn’t traditionally see.
Upgrade your bathroom
If you want to improve one main area of your home, it’s wise to start with the bathroom. A few simple changes, such as a new showerhead and fixtures, can completely transform the space.
Just make sure that you hire the right professionals if you will be making any significant modifications. Bathroom renovations are not easy, and the last thing you want is to end up causing more damage.
Install new appliances
When a buyer is touring your home, they aren’t just looking at the rooms but also the appliances that are included. Things such as your water heater, HVAC unit, oven, and dishwasher all play a part in value.
If your existing ones are damaged or look worse for wear, it might be time to consider an upgrade. In most situations, you will make your money back during the sale.
Don’t forget to consider energy efficiency when choosing your options, as we discussed above! The greener your home is, the better, not just for the environment but for your wallet.
Fix minor imperfections
You would be surprised at how many people pay attention to all of the minor imperfections when looking at your home. For example, holes, chips in the walls, and broken tiles all become noticeable in the eyes of a buyer as they are searching for problems.
Thankfully, most of these issues aren’t that expensive to fix yourself. However, if you’re still not comfortable, there are plenty of qualified professionals out there that can assist you before you value your property.
Renew your kitchen
Alongside your bathroom, the kitchen is another area that can significantly improve the value of your home. When you think about it, it’s certainly one of the most used spaces. The key is to think about functionality and practicality when designing the layout.
Alongside having enough cupboards, you want to include high-quality appliances, taps, and fixtures. These simple kitchen upgrades are a perfect place to start if you’re on a budget.
Breathe life into forgotten spaces
Your attic, garage, shed, and basement might seem like areas in your home that aren’t important. But, they are full of potential and can be a great way to maximize your profit. Particular renovations can even help you stand out from other houses on the market.
You might consider turning them into a games room, home gym, spare bedroom, or children’s play area. The options are endless and can be an excellent selling point for your real estate agents to focus on.
Increase storage space
Extra storage space is your best bet if you want to choose just one improvement. Lack of storage is a big turnoff for potential buyers, as most people want to be able to keep their belongings in an organized matter without the need for excessive furnishings.
Alongside built-ins, don’t forget to consider your vertical space. Shelves are highly desired, as well as simple additions like hooks for hanging towels and cleaning supplies.
Tend to your garden
While your initial focus may be on the interior of your home, you shouldn’t forget about your back and front yard either. Remember, your garden will be the first thing potential buyers see and will set the tone for the rest of the tour.
Mow the lawn, clean up debris and pull out any weeds. You would be surprised at how much of a difference it will make. Of course, you can also look into other external improvements to add further value too.
Deep clean everything
Finally, one of the simplest ways to get your property ready for market is to deep clean everything inside and outside of your home. Wiping away dust, grease, and grime can make any environment more appealing.
Some areas that are often missed include your baseboards, fans, light switches, and door tracks. To prevent getting overwhelmed and to stay on schedule, tackle one room at a time and follow a checklist like this one here.
And that’s it! As you can see, there are so many different ways to increase the value of your home. However, you don’t need to tick off all of the above before you decide to make a sale.
Pick and choose what is most suitable for you and keep to a budget so that you don’t go overboard. If you’re unsure what aspects are highly desired, you can reach out to your local real estate agent for more advice.