8 Ways to Add Value to Your Home
As a homeowner, it’s important to maintain your property and not let it fall into disrepair. Making improvements to your home will protect your investment and make the process of selling your property much easier down the road. Most often, an updated home is more desirable for potential buyers and garners a higher purchase price than a “fixer-upper.”
Let’s take a look at several ways to improve the value of your home.
Paint is one of the simplest and most cost-effective ways to improve your home. A freshly painted room can make all the difference for a potential buyer. When choosing paint colors, keep in mind that a neutral color scheme will appeal to most buyers.
When shopping for plants, consider purchasing a mix of perennials and annuals. Perennials will come back on an annual basis and are more low-maintenance than annuals, which typically last just one season. Furthermore, consider drought-resistant plants since they tend to last longer.
Updating old light fixtures throughout your home can make a big difference in terms of energy efficiency! A new ceiling fan may also help by reducing the need to run your air conditioner for great lengths of time. New light fixtures will also increase the value of your home should you decide to move.
Kitchen & Bathroom Remodel
One of the biggest ways to increase the value of your home (and achieve a sizable return on your investment) is to update the kitchen and bathrooms. You don’t have to fully gut either space to achieve a great result! Consider replacing old appliances, painting the cabinets, replacing countertops, or installing a new vanity.
Is your carpet stained? Do your area rugs look worn? If so, it might be time to replace the soft flooring in your home. Start with replacing the carpet or rug that appears most worn and then move forward as your finances allow until all of the old flooring is replaced.
Are your hardwood floors worn and scratched? Consider having your hardwood floors refinished or replaced, whichever is deemed most cost-effective, as this will instantly improve the look of your home.
Technology & Energy Efficiency
As the energy efficiency of your home increases, your energy bills will decrease. Not to mention, buyers are increasingly searching for homes that are energy efficient, from appliances to thermostats, lighting and more. In terms of security, many homeowners are also installing high-tech security cameras and electronic door locks.
Outdoor Living Space
Creating an inviting outdoor space is a great way to increase the value of your property. Whether you plan on staying in your home or selling your property, adding a deck, paver or concrete patio, outdoor furniture, landscaping, and lighting is a worthwhile investment.
Investing in your home is always a good idea, whether you plan to live there for decades or sell your home in the near future. Either way, you’re improving the value of your living space!