5 Proven Ways to Increase Your Home’s Value
Let’s face the truth – the value of your home dictates its selling price. Whether you are preparing the house for sale or not, knowing which boxes to tick could go a long way into adding value to your home.
Boost your home’s value with these simple tips:
Adding some beauty to your home is the first thing you can consider if you want to boost its value. That’s true – home staging can go a long way in increasing your home’s value significantly.
Even with a more beautiful home being an excellent selling point for your home, you will enjoy staying in a much prettier house too!
Home staging doesn’t have to be expensive so, avoid going crazy on this one. However small it might be, go for anything that will positively change how you enjoy your home. Nevertheless, put a lot of effort into the living room, followed by the kitchen, master bedroom, and dining room.
Add a Little Space
Your home will attract a few more dollars if it is a little bigger. An additional square foot to your home gives a boost to its value, and there are several ways to achieve this.
When it comes to adding more space, it can be psychological. For instance, knocking off a few walls opens up the room giving the impression that the area is bigger.
Additionally, RICS Chartered Surveyors will tell you that adding a bathroom comes with an added value but, you need to be careful where you place it. Home renovations are expensive, and they give your home a significant boost in value, so don’t expect to spend $30,000 and recoup it back when selling the home.
Focus on Energy Efficiency
You wouldn’t consider an addition to energy efficiency as a great way to increase your home’s value, or would you? If your answer is yes, you would be right, but let’s face it – if by doing it, you get a chance to heat your home for less and boost the value while doing it, isn’t that what you are after?
With everyone moving to energy-efficient ways of living, there is no doubt that the touch of energy efficiency in your home could boost its value significantly. The most practical aspects to consider when going the energy-efficient way includes the cost of heating and cooling, doors and windows installations, lighting energy efficiency, appliances, and the installation of solar panels.
Update Appliances and Systems
Home maintenance is a big thing for any new buyer. If you can give your buyers peace of mind by addressing significant home maintenance issues, they will be willing to pay more for the house. You can achieve this by updating all your appliances and systems and ensuring that they are fully functional.
Fix any leaks, address any clanking sound from the air conditioner, and get a new water heater to replace your old one. In case the roof isn’t appealing, replace it!
Add New Technology
Everyone loves technology, so working on a bit of this could be an exciting way to increase your home’s value. Most new homebuyers are enticed by a more sense of security and alignment with modern trends. So, consider including smart appliances such as thermostats, fire detectors, carbon monoxide detectors, smart cameras, locks, and lighting systems in your home.
Increasing your home’s value isn’t something you achieve by changing one aspect of the house. Home improvement is a continuous process that requires careful planning and budget.