Get the space you dream of or a return on your investment (or both) with these tips.
Whether you’re ready to make your home your own or hoping to get a return on your investment, there are several ways to increase your home’s value. Some are relatively simple while others require a greater investment of time and money. To help you along the way, we’ve compiled some of the best things you can do to up your property value. All you need to do is bring the budget and the elbow grease.
Increase your property value with these tips
1. Address the small stuff
If you’re on a budget but want to give your home an extra oomph, here’s good news: you can make small changes that can give your home a polished look. Look at lighting fixtures, doors and faucets. And one of the most powerful ways you can spiff up your home is to simply clean it. Home buyers love a sparkling clean house, so do a deep cleaning if you’re readying it for market. In addition, keep up on maintenance that has to be done, and be aware when problems first appear — to avoid bigger costs down the road.
2. Improve your home’s bathrooms and kitchens
As savvy homeowners and investors know, updating bathrooms and kitchens offers a premium return on investment. Maybe you bought an older home or just want to renovate to command a better price on the market. Whatever the reason, kitchens and baths that are modern, clean and bright can make a huge difference, both in the impression your home leaves on visitors or potential buyers and in the asking price when it’s time to sell. Don’t have a big budget? Swap out fixtures, pulls and other metallic accents, and consider adding an eye-catching backsplash or a rolling island in the kitchen.
3. Make it bigger
It may sound impossible but you can actually add to the square footage of your house. Think three season porches, additional bathrooms or even creating an open concept by taking out a wall. That unfinished basement? Maybe it’s begging to be a family room. That attic could be an adorable, additional bedroom. Admittedly, these are bigger projects, so it’s important to know when to call in the experts.
4. Up the curb appeal
Increasing the value of your home can be as easy as planting some well-selected trees, bushes and perennial flowers. Native trees can reduce energy costs by sheltering your home, as can bushes. Take care not to cut down healthy, mature trees as they are often perceived to add value. In addition, look for ways to highlight the positive aspects of your home and detract from the negative.
Increasing your home’s value is possible at any budgetIf your budget is tight, improving your home’s appeal can be as easy as cleaning up and maintaining the yard and doing a deep clean on the inside. If you have a bit more wiggle room, you can address small, thoughtful details that showcase what makes your home special. And if you have some cash to spare, renovating your kitchen and baths or finishing underutilized space in the basement or attic can really up your home’s value. In the end, your investment of time and money well spent will pay dividends at sale time.