Have you ever been curious about what it would take to increase the value of your home? There are several steps you can take to make your home more valuable. Not everyone will have the same reasons for doing this and that’s okay. Whether you are planning to add little ones to your family, having a family member move in with you, or just want to simply do something that will add some extra value to your home for resale purposes, there are several steps you can take to do just that.
Make It More Attractive
One of the best ways to have your house get more attention from potential buyers is by making it catch the eyes of people who drive by. Whether it’s beautiful landscaping with blossoming flower bushes, or a freshly painted front door, your house will get more attention if you take the time to improve its exterior.
Two of the most used rooms in a house are the kitchen and the bathroom. Therefore, it would be wise to put in the necessary time to make these two places look as attractive as possible. You don’t have to break the bank for a remodel either. On average, basic kitchen remodels recover 81% of its cost in added value while more elaborate ones that have stone countertops, state-of-art appliances, and custom cabinets recuperate 53%.
It’s a similar story when it comes to remodeling bathrooms. If you’re putting in new flooring and updating some fixtures, as opposed to mustering up cash for a more upscale remodel, if you’re more concerned about getting a better return on your investment, it’s best to take the conservative approach with the remodel. Heated floors, custom cabinets, and designer fixtures have a 56% return on investment as opposed to 70% for a midrange remodel.
Make It Low Maintenance
If you want potential buyers to be excited about the prospect of owning your home, consider making repairs to the property to take that burden off of them. By doing this, you may be justifying that potentially higher listing price.
In addition to replacing old water heaters or air conditioning systems, consider replacing the carpet floors with hardwood flooring. If you don’t want to replace the floors with hardwood, a composite material is easier to maintain and clean than carpet. It’s also cheaper.
Make It More Efficient
Depending on the area in which you live, updating your home to make it more energy-efficient may prove to be a wise choice if you’re looking to sell.
Consider double-paned windows, enhanced attic insulation, LED lighting and energy-efficient appliances in order to increase your home’s value. This could also prove as an effective way to make your home more attractive to energy-conscious buyers.
Solar Panels tend to prove effective in the long run when it comes to increasing the value of a home. However, if you’re looking for a quick boost in sale price, you may want to choose not to proceed with installing solar panels since they tend to be more costly. Additionally, installing them can be challenging.
Make It Bigger
Increase your square footage. It tends to have an enormous positive impact on a home’s value. Converting a room you’re not using into an additional bedroom or finishing a basement or building a deck are all good ways toad value to your home.
Make It Smarter
Everyone wants to feel safe inside their homes, especially those who have small children. Devices such as thermostats, smoke detectors, carbon monoxide detectors, security cameras, door locks, and enhanced lighting all help to make homeowners feel safer.
Although having these devices inside your home may not add value in terms of cash, it does make your home more attractive to potential buyers. Installing these devices is also a lot cheaper than replacing a roof or renovating a bathroom.