As a homeowner, you might want to see your property increase in value over time as you strive to build up home equity. Several factors out of your control, like local demand for housing, home location, and the economy, may affect your home’s value increase rate. However, you can significantly impact the value by simply making a few home improvements and upgrades. Here are the ten most effective ways to increase your home value and the resale price.
Upgrade Your Bathroom
Bathrooms are one of the most important rooms in your home, not only because they are used frequently but also because they reflect your personality. You can turn your bathroom into a showpiece by replacing items like flooring. Flooring is an important element of a bathroom because it creates the foundation for everything else you install, including tile, cabinets and lighting fixtures.
You can add granite or quartz countertops for an upscale look and feel without breaking the bank. Consider installing chrome accessories like towel bars and shower curtain hooks and update lighting fixtures.
If possible, add a new bathtub or shower enclosure. You might even consider renovating your entire bathroom by adding a new toilet, sink, and other fixtures. Visit this website to get more bathroom renovation ideas and engage with an expert.
Apply a Fresh Coat of Paint
A fresh coat of paint will make your home look new again. The painting budget depends on the number of rooms you plan to give a brand-new splash of color. You can start by repainting those rooms with odd color schemes as you move to the exterior wall. It would be best to stick to neutral colors like white or beige.
Create an Energy Efficient Home
Bring in a home inspector to evaluate your current energy use as you set up strategies to reduce energy consumption. You can start by insulating your home and sealing visible cracks around doors and windows. Insulation protects your home from heat loss and drafts, reducing energy costs. It also prevents mold and mildew growth in walls, ceilings and floors.
You may also go for energy-efficient appliances and fixtures, such as programmable thermostats, low-flow shower heads and faucets, and energy-efficient light bulbs. Consider installing Energy Star-rated windows and solar panels on your roof, which could generate up to 30% of your home’s electricity needs.
Declutter and Clean
There is no easy and more inexpensive way to boost your home’s value than to reduce the amount of stuff in it. Clutter not only makes your house look messy but also creates room for mold and mildew to grow in the walls and ceiling. Dirty carpets can also harbor allergens that cause respiratory issues for some people. Make sure that all the rooms are clean and everything has been properly arranged. Take all the additional equipment and furniture to the storage room and discard items you no longer need.
Improve Your Property’s Curb Appeal
The exterior of your home speaks volumes about its quality. It would be best to make the entire home visually appealing to everyone who sees it from the streets. If you have plants or shrubs outside, trim them back by an inch or two so they don’t block views from the road.
Growing flowers inside your house will add natural beauty and liven up any room. Power wash the driveway and windows and hire a professional to upgrade your landscape. If your exterior paint is peeling off, repaint it to give your home a fresh look and boost its curb appeal.
Add New Improvements and Amenities
Another way to increase the value of your home is by making improvements. These include new windows and doors, adding a deck or patio or landscaping the yard. Most people like having new things in their homes, and these improvements could be just what they need. You can also add amenities such as a hot tub or pool, pool house, backyard theater room, or additional bedrooms.
Make Use of Smart Technology
Creating a smart home is the perfect way to boost its value and make it more secure. You can install smart home technology in a variety of ways to increase your home’s value. It includes home automation that allows you to control lighting, heating and cooling systems from your phone. It’s also a great way to reduce energy costs and save money on utility bills.
You may also install home security systems, such as surveillance cameras, alarms, motion sensor lights, and smart door locks. A home security system can provide peace of mind for homeowners who worry about intruders breaking into their homes at night. These systems are typically integrated with other smart technology, allowing users to monitor cameras in real-time or receive notifications if something happens while they aren’t home.
Consider buying smart appliances that allow users to remotely control their homes via mobile devices or voice commands without getting up off the couch. Some examples include smart thermostats, which help keep your house at a comfortable temperature and programmable lights, which turn on and off automatically.
Replace Worn-Out Roofing Material
Before you invite real estate agents, surveyors, and potential buyers to the home, ensure it is leak-free and safe. You can bring in a professional roofer to inspect the roof and identify those areas that call for a replacement. If you spot dented or missing shingles, sagging, torn flashing, and daylight penetrating the attic, it may be time to get a new roof or replace damaged parts.
Remodel the Basement or Attic
A finished basement can improve the value of your home by adding square feet to the overall size, as well as providing additional storage space for items such as furniture and toys that may not fit into a regular bedroom or living room area. The added square footage will also make it easier to add an additional bathroom or kitchen if needed in the future. You may also convert the attic into a workout area or extra bedroom.
Upgrade the Kitchen
A well-designed kitchen can add thousands of dollars in value to your home over time. You might want to equip it with all the features potential buyers want to see when shopping for homes. They include large pantry space, granite countertops and stainless-steel appliances such as dishwashers and refrigerators. Other upgrades include adding cabinetry or molding around cabinets to give them a modern look.
Buying a home is an investment that you would want to see appreciating. It would be best to spruce it up with these options above to enable you to sell it at the best price.