Increasing your home value doesn’t have to be complicated. And it doesn’t have to cost you an arm and a leg in home renovation projects. There are simple and affordable ways to make your home more desirable, which in turn will make your home go up in value.
Here are 5 ways you can easily increase your home value:
Tip 1: Increase the appearance of your home’s square footage
Your home has a set square footage—and the only way of actually making it larger is to physically go in and do a major renovation project where you either add on new rooms or make existing ones larger. Without going through such a great undertaking, you can still make your home feel and look larger. You can do this by getting rid of heavy drapes and replace them with plantation shutters (or faux ones of a similar style) that will let plenty of light in. Having more light will give the illusion of a bigger room.
Another thing you can try is to put in high curtains that reach close to the ceiling. Having high curtains, rather than ones at a regular height, will give the appearance of a larger space since it draws the eye up, making the ceiling itself look higher. Giving a room a fresh coat of paint with a lighter, more vibrant color will also reduce the feeling of a cramped space.
Tip 2: Small bathroom updates result in big profits
Doing small bathroom updates can give a big return when it comes to your home’s value. You can do things such as tear down old wallpaper for a new coat of paint—that’s one quick way to modernize the bathroom décor. Other ideas you can try are to replace faucets with upgraded fixtures, put a new vanity mirror in (a framed one will make it look significantly more luxurious). Light fixtures can also be updated. These are all small changes that are fairly inexpensive, but will dramatically transform the room—and put more money in your pocket when the day comes to put your home on the market.
Tip 3: Replace the existing carpet
How old are your existing carpets and how stained are they? More than likely, you haven’t changed your carpets since you’ve purchased your home, so your floors are 10+ years old and reflect all the daily wear that that all entails. Potential homebuyers don’t want to deal with having to replace the old flooring themselves, so be sure to do it before putting your home for sale. New carpets can transform any room into one that feels and looks fresh. Eye appeal goes a long ways!
Tip 4: Add new energy-efficient appliances and fixtures
People care about energy-efficiency, and because of that, it’s crucial to make updates to your standard appliances and fixtures. Convert them all to energy-efficient products if at all possible. This will give your home huge appeal and desirability. Look for Energy Star-rated refrigerators, dishwashers, etc. Replace old ceiling fans for functional, yet elegant ceiling fans that can put the A/C to rest on the right kind of day.
Another addition you can do is to invest in an ADT alarm system that provides energy-efficiency and remote home monitoring. A home monitoring system in itself is an attractive feature for any potential homebuyer. The fact that ADT has one that provides energy-efficiency is an added benefit.
Tip 5: Reduce energy costs
In getting new energy-efficient appliances and fixtures, you’ll undoubtedly be able to reduce your energy costs. You can ask your local utility company for a free energy audit and see how you can get the most of your energy consumption. The more you can market your home as an energy-efficient home, the more desirable it will be if and when you put it on the market.