With 6.12 million homes purchased in 2021, people are finding the home of their dreams at a higher pace than in previous years.
Whether you moved into a new home and want to increase the property value to make life easier down the line, or you’re preparing to sell but want to get the best price for your home, there are steps you can take to add worth.
If you’re unsure how to add value to your home but aren’t sure where to start, you may be hesitant to begin your project. After all, you may be worried that it won’t be enough to help raise your property value.
However, you can continue reading to learn some of the best ways to boost the value of your property.
Increase Your Curb Appeal
When buyers or guests arrive at your property, the first thing they’ll see is the exterior of your home. Increasing your curb appeal is a great way to increase the value of your home.
One of the best ways to make your home more appealing is to add a porch. Not only does this additional area help create a welcoming and inviting atmosphere for your home, but it also creates extra outdoor space for everyone to enjoy.
If you don’t have the space to add a porch, don’t worry; you can still transform the appearance of your home. While landscaping can make a massive difference, changing your siding, front door, and shutters is a surefire way to raise your home’s value.
Changing your siding or exterior paint color is a great way to make your home look great while adding functionality to your home. Siding adds a layer of insulation to your home, keeping it cool in the summer and warm in the winter.
Invest in Smart Appliances
When remodeling or upgrading areas of your home, investing in energy-efficient appliances is a great way to ensure that you protect your property’s value.
These appliances function like standard options but consume less energy and resources to get the job done. This means you’ll spend less money on your monthly utility bills as the appliances adjust their consumption to fit the needs of the job at hand.
For example, a smart washing machine will automatically adjust the amount of water used depending on the size of the load. This means you won’t waste water which is ideal for the environment, and your wallet will thank you.
You can also install a smart thermostat to help regulate your home’s temperature. If you live in a climate where the weather fluctuates, you may forget to lower or raise your thermostat setting, wasting energy. Instead, a smart thermostat can automatically adjust to the needs of your home.
Complete Your Kitchen
They say the kitchen is the heart of a home, and it’s easy to see why. Whenever you’re at a party, you may notice that everyone gathers in the kitchen. This is where food, something everyone can bond over and share, is created.
Ensuring your kitchen is up to par is essential to adding home value. Many potential buyers will base their decision on the kitchen and master bathroom, so getting your kitchen in great shape is crucial.
You’ll want to begin by ensuring that your layout is functional to the size of your kitchen. The most common options are L-shaped and U-shaped layouts. If your kitchen looks great but isn’t functional, it can do more harm than good.
However, you’ll still want your kitchen to look great. You can change the appearance of the cabinets by painting, adding glass paneling, and changing out the hardware is a great way to update the appearance of your kitchen.
You may also choose to upgrade your lighting, which can change the ambiance of your kitchen. Many choose to add under the cabinet lighting to create a soft effect on the counters.
Upgrade Your Hardware
If you’re not sold on remodeling a house, you can change the appearance of your home by upgrading the hardware around your house.
This includes switching out door knobs, cabinet and drawer handles, and faucets. Though it may not seem like enough to change the value of your home, in conjunction with other steps, it can add much-needed details to your home.
Depending on the style of your home, you can find the perfect hardware for your needs. For example, if you’re trying to make your home look chic and modern, you can install glass knobs for a trendy look.
However, if you’re opting for something more rustic, choosing iron details can help make your home look warm and cozy. However, if a minimalist aesthetic is your goal, choosing simple and effective hardware is a great place to start and can make a significant difference.
Finally, you can apply these same ideas to the faucets in your bathroom. From simple and sleek to ornate and embellished, you can find the perfect hardware for your home.
Finish the Basement
If you purchased a new home, an unfinished basement can be a significant eyesore. Make sure you finish the space can increase the value of your home, as it serves as an additional, versatile room.
A finished basement includes finished floors and walls, heating, accessible and functional stairs, and electricity.
Ensuring you finish your basement when you move in and before selling can help raise the appraisal value. Ensure that you use high-quality materials and take time to ensure that your construction is up to standard.
Many will choose to use their basement as a recreational space. From entertainment rooms to play spaces for children, a finished basement is a high-value aspect for many.
Consider New Roofing
If your roof looks worse for wear, it may be time to consider installing a new roof. This can increase your home’s value significantly, as new buyers may not want to deal with the hassle of hiring a roofing contractor.
Depending on the size and material of your roof, this can be a relatively simple process. In many instances, you can simply place new material over the existing layer. However, you will not be able to do this if you have two layers existing.
For many, you’ll need to completely remove the old roofing before installing the new roof. This can be an arduous process but will help increase the value of your home.
Boost Your Bathroom
Much like your kitchen, upgrading your bathroom is a great place to add more property value to your home. These are some of the most essential spaces, so buyers will pay close attention.
You’ll want to begin by adjusting the layout of your bathroom to make it feel as open and functional as possible. Another way to make your bathroom feel more spacious is to use natural lighting and mirrors to open up the space.
You can also add luxury amenities to make your home more appealing to buyers and raise the value. Installing heated floors is a great way to attract potential buyers while also adding a functional feature to your bathroom.
Similarly, adding a tub and shower is a great way to make sure buyers can get the best of both worlds out of your bathroom. Similarly, including double sinks in the master bathroom can be an influencing factor for couples.
If your home only has one bathroom, you may want to consider calling Milan Build to include another full or half bathroom in the house. These home additions can be a significant difference maker, as buyers will appreciate the extra washroom on the premise.
Depersonalize Before Selling
When preparing your home to sell, you’ll want to choose the most neutral colors possible. This isn’t entirely necessary if you just purchased your home and plan on staying for years to come, but when preparing to sell, going neutral is essential.
You’ll want to begin by personalizing your home. Though it can be a challenge to remove your treasured knick-knacks and sentimental photos, this step raises the value of your home by allowing buyers to imagine themselves living in your home.
You’ll also want to change the color of your walls to a more neutral color. This again helps guarantee that buyers can picture themselves in your space, as they may have a hard time envisioning living in your home if the walls are bright yellow.
Keep Up With Maintenance
This is one of the most crucial tips for new homeowners, as it can save you money and frustration in the long run.
Making sure you keep up with simple maintenance around your home can help ensure that you aren’t spending big on pricey repairs before you sell. In many instances, these repairs can be done quickly with a simple internet search.
It may feel as though these repairs aren’t essential, but leaving them unchecked can add up over time. Similarly, failure to make simple repairs as they appear can make the problem worse.
Buyers may not appreciate having to make a handful of repairs before they move in. While you may be able to fix many of the issues on your own, hiring a handyperson can help save you frustration and money.
Upgrade Your Garage
Whether you have an attached or detached garage, ensuring you keep the space up to date is essential. It can be an eyesore if the rest of your home has been updated, but this aspect of your property hasn’t.
If you change the siding on your home, you’ll want to update it on your garage as well. Similarly, updating your garage door to fit the aesthetic can not only be a functional update, but can also help improve the curb appeal.
Similarly, redoing the flooring of your garage can help entice buyers as they’ll appreciate the functionality of a garage door. Not only can they use this as extra storage space, but a finished garage is ideal for housing sentimental items without worrying about deterioration.
Create a Backyard Paradise
Just as the appearance of your front yard can make a difference in how easily your home sells, your backyard can affect your home value as well. Whether renovating a home or remodeling, you’ll want to keep your yard in mind.
For many, backyard space is essential. As many as 90% of Americans believe their outdoor space is more crucial than ever! Ensuring your backyard is up to par can help entice buyers and make a difference.
You may want to consider adding a deck or patio space. This is appealing to many buyers, as it offers them a space to sit outside, whether they’d like to host a dinner party or enjoy the solitude of reading outdoors.
Another outdoor element you can consider including is a pool. This will only work if you have the necessary space, but a pool can be a deciding factor for many home buyers. However, in many states, you will also need the proper fencing around your yard to install a pool.
How to Add Value to Your Home: Your Simple Guide
Though these home renovations can be intimidating, you don’t have to do them all at once. You can choose which projects would be the most beneficial to your goals.
If you want to know how to add value to your home, approaching your property with an unbiased look is a great place to start.
If you’re ready to invest in home renovations to increase the value of your property, you’ll want to check out the rest of our website. You’ll uncover some of the best home improvement and real estate tips and tricks.