Your home is most likely your biggest financial investment, and it’s important to do whatever you can to increase its value. Even if you have no plans on selling your home any time soon, investing in projects to increase the value of your home can pay off in other ways. Your home will be more beautiful, more comfortable, and more enjoyable for you, your family, and any visitors to your property. Here are the seven best ways you can easily add value to your home.
1. Renovate the Kitchen
Home buyers today appreciate updates and renovations that help make living in the home more convenient. The best place to put your energy into updating is your home’s kitchen. This central location of meals, conversation, and cooking is the most popular spot that home buyers flock to when viewing a property. For homeowners who aren’t planning to sell, renovating the kitchen can also help make the daily routine a little more relaxing and smoother. Update counters, cabinets, floors, and appliances for the best value boost.
2. Update the Bathrooms
After kitchens, home buyers next want to see great bathrooms in a property. So, to add even more value to your space, consider upgrading your bathrooms. The average cost of a full bathroom remodel is almost $10,000, but you can make some budget-friendly decisions and still get a beautiful bathroom. Whatever you choose for your budget, be assured that any money you put into bathroom updates will significantly improve the overall worth of your home.
3. Add an Addition
Increasing your home’s square footage also helps raise the value for your property. A small rancher can explode in value if the homeowners decide to open up the space with an addition. Adding an addition to your home can be expensive, but like other pricey updates, you get even greater value added to your home’s worth. Popular additions include adding a second floor to a one-story home, turning a basement into living space, installing a garage, or converting a back porch to a room.
4. Install New Siding
The outside look of your home also matters when it comes to its value. One project that can give your property a facelift and your wallet a boost is a new siding installation. Today, there are many new materials for siding or other exterior home coverings that can give a tired property a fresh look. You can also improve your home’s energy-efficiency with a new siding installation.
5. Get New Windows and Doors
New windows and doors can also help boost a home’s value in a few ways. First, replacing old windows and doors with sleek, new designs, gives you home beautiful curb appeal, which translates into a higher value. New windows and doors may also help your home with energy usage by keeping winter drafts out and hot, summer temperatures away during the most extreme moments in the season.
6. Landscape Your Exterior
Before consumers buy any house, they also want to see attractive landscaping. If your home doesn’t really have any exterior features, you may be losing some potential value. Invest in exterior projects, such as planting trees, adding shrubs, and placing beautiful flowers around the front and backyard area of your home. This way, your property will attract potential interest during the home-buying season.
7. Go Green
A final way to invest in your home is to think about making it eco-friendlier. Today, there are countless ways of adding green features to your home, such as switching to sustainable materials, swapping in eco-friendly appliances, adding solar panels, and more. All of these updates help your home save energy and lower the utility bill.
Add value to your home by exploring some of these projects. Over time, your property will be worth much more when it’s time to sell and move on to another space.