When trying to increase the value of your home, you never want to invest more into a project than you’ll get in return. To avoid unnecessary costs, do what needs done, and don’t do anything more. You shouldn’t redo a whole room if minor touch-ups and updating a few appliances will suffice.
Here are a few quick, cheap fixes that will give the most bang for your buck.
In today’s home market, energy efficient appliances are desired. Lower utility bills and a smaller impact on the environment make energy efficient appliances a must-have for a home to be considered truly modern. This includes windows, appliances, insulation, heating and cooling systems, etc. Many local utility companies are willing to provide free energy audits for their customers. An audit can show you exactly how to maximize the energy efficiency of your home. Going green is more of an investment than other home improvements, but it can definitely pay off in the end.
An old, dingy carpet can be both unsanitary and unpleasing to the eye. Replacing old carpet and dated flooring with fresh material is a quick way to increase the value of your home. You don’t have to splurge on top-of-the-line flooring for the update to be effective. Simply replacing the old with the new can really liven up your space.
Walls with chipped paint and peeling wallpaper are unattractive for visitors and potential homebuyers alike. Popcorn ceilings and drop ceilings can also date your home. A fresh coat of paint can do wonders for any room, and it is a super affordable way to add value.
Add Space Without Adding Square Footage
Open floor plans are more popular in today’s market than having every room boxed in by four walls. Knocking down a wall (as long as it isn’t a load-bearing wall) can make your home seem more open and inviting.
If you want to make your home seem larger without much demolition, consider investing in larger windows to add more natural light to the space. You can also lighten the paint color or add one large mirror to give the illusion that a room is larger than it actually is.
Increasing The Value For Home Sale
If you’re looking to increase the value of your home because it will be on the market soon, there are some things to consider in addition to what’s listed above.
Your home’s exterior is a potential homebuyer’s first impression, so invest in curb appeal to maximize interest. To increase resale value without renovations, staging and decluttering your home can do wonders. In addition, you should invest in professional photographs to showcase your home in the best light.
Whether increasing your home value to sell or for your own personal benefit, remember that you can’t do it all. Comparing the value of your home to that of other homes in your area is a great place to start before making any big decisions.