Buying a home is one of the biggest things you can do in your life. Your property is your largest asset and making sure that the value of your home increases over time is important for your financial wealth. It ensures you see a return on your investment.
There are some things that influence the value of your home that are out of your control, like where you live, the neighborhood, and the demand in the current property market.
However, there are a few things you can do to help increase your home’s value should you want to sell. Let’s take a look.
5 Things You Can Do To Increase Your Home’s Value
A fresh coat of paint
Nothing says ‘new home feel’ like a fresh coat of paint. It’s a very simple update to your home, but a largely impactful one.
You can have the biggest, most beautiful home that is structurally sound and in a great neighborhood. But, if the first impression of the house is that it looks dilapidated, it’s not going to bode well for you.
By painting your home in a new and modern color, keeping it simple with clean lines and neutral colors, you’ll ensure the first impression your home gives is a positive one. We call it curb appeal – literally, how it looks when viewing it from the street.
This form of warranty is issued by the contractor, and it offers a warranty against product installation faults. It will not cover issues caused by weather conditions or falling tree branches.
Basically, it covers any issues with your roof installation arising from mistakes the contractor made during the application. It’s important to note, however, that every contractor offers a different warranty. As such, make sure you discuss this warranty coverage with them before working with them.
Also, check that your contractor has a good history of installation. Factor in their quality of work, if they are trustworthy, and their commitment to get the job done.
Invest in energy-efficient features
The world is moving towards green economies and environmentally-friendly alternatives. On the one hand, by swapping out your older light fixtures with energy-efficient ones, you’ll save a lot of money on your utility bill. On the other hand, your home will appear more modern, and thus more attractive on the market.
One great way you could make your home energy efficient is to install solar panels on the roof of your house. Solar power will help lower your energy bill and also make your home more appealing for buyers when you decide to sell.
Tidy up your landscaping
Nobody likes to view a house with an unkempt garden. The front yard is part of the first impression. So, making it more attractive with flowers, new paving, or a newly painted fence, will definitely add to the curb appeal.
Additionally, cleaning up and upgrading the backyard and patio area, will make your home that much more appealing to you living in it and to prospective buyers in the future.
If you have the money and space, adding an outdoor living space is a great way to upgrade your backyard. This increases the amount of living space your home has to offer and thus increases the value.
Renovate your kitchen and bathroom
An outdated kitchen or bathroom is a surefire way of lowering your home’s value. Old, chipped tiles or weathered kitchen cabinets make your home far less appealing.
Installing new cabinets in your kitchen is a great way to update the kitchen, without overhauling the entire space. It’s a relatively small project that will have a large impact on the overall aesthetics of the room.
Any modern bathroom is simple and clean. Updating the tiles and perhaps replacing the faucets is a great way to keep your home fresh and contemporary, which adds to the value of your property.
Install a new roof
It may seem like an unnecessary project to update your roof, but actually, it’s really important to the overall value of your home.
If your roof hasn’t been replaced in over 10, 15, or 20 years, it’s likely to cause some damage to your home at some point. Holes or leaks in the roof may lead to mold or dampness in your home, which creates an even bigger problem as it can affect your health and you would have a lot of trouble selling the house. As such, replacing the roof is an investment that will boost the value of your home significantly.
Whether you’ve only lived in your home for a few years, or it’s been your family home for a long time, renovating and updating your property is important to ensure you see maximum returns on your investment.
Some updates are simple and relatively low-cost, while others are large expenses. But, in the long run, it’s worth the effort, time, and money because your home will not only look amazing but will be worth more on the market.