Switch to These 8 Ways to Boost the Value of Your Home
Your home is more than just a place to live and an investment. So, to ensure this asset always stays worthy and valuable for the market, you must always stay ahead with simple upgrades and more extensive renovations.
Home value estimators can provide a starting point for understanding your home’s worth. Assessing your home’s value can influence your decision to sell or explore financial opportunities like refinancing. Even if you’re not planning to sell, high market prices make it worthwhile to consider refinancing for potential monthly savings. But ultimately, it’s the tangible improvements you make that can significantly boost its value.
So, here’s a range of tips to help you achieve a higher appraisal and make your home more appealing to potential buyers.
1. Invest in quality garage doors
Garage doors are a prominent part of your home’s exterior. Upgrading them with modern, aesthetically pleasing designs can significantly improve your home’s curb appeal, making it more attractive to potential buyers.
Newer garage doors often come with better security features, such as advanced locking systems and durable materials, which can enhance the overall safety of your home.
High-quality doors not only improve the value of your home but also require less maintenance over time.
Start by researching reputable suppliers and installers in your area. Ensure that the supplier and installer are licensed, insured, and bonded. This protects you in case of any accidents or damages during the installation process. Contact multiple suppliers and installers to get quotes for the garage door you want and the installation service.
2. Splurge on long-lasting paints
A well-painted home with fresh and stylish colors can boost its perceived value. It can make your property stand out in the real estate market.
Good paints are formulated to withstand wear and tear, making them resistant to chipping, fading, and staining. Choose the appropriate paint type for each area of your home.
For example, use semi-gloss or satin finishes in high-traffic areas like the kitchen and bathroom for easy cleaning. Opt for flat or eggshell finishes in living rooms and bedrooms for a more elegant look.
3. Install slate roofings
Slate roofing is exceptionally durable and can last for a century. These roofs have a classic, elegant appearance that never goes out of style.
Homes with slate roofs often command higher resale values due to their premium quality and aesthetic appeal.
A slate roofing contractor can guide you to choose the best one for your home and will help in every step towards an astonishing finish.
Remember, slates should be installed by experienced professionals knowledgeable about the slate’s specific requirements. Proper installation is critical for the roof’s durability and longevity.
4. Clean up the lawn
Your lawn is the first thing that people see when they approach your home. A neat lawn leaves a positive first impression.
A clean and organized lawn can serve as an additional living space for relaxation, recreation, and entertaining. Buyers often appreciate functional outdoor areas.
Consider adding landscaping elements like flower beds, shrubs, or trees to enhance the visual appeal of your lawn.
5. Ensure your basement is finished
A finished basement provides additional usable living space, attracting potential buyers looking for extra room for various purposes.
In a competitive real estate market, a finished basement can set your home apart and make it more appealing to buyers.
The latest cost vs. value report from Remodeling Magazine shows that a finished basement will get you at least a 70% ROI.
Ensure proper ventilation and heating/cooling in the basement to make it comfortable year-round.
Improper installation or maintenance of HVAC systems can pose safety hazards, such as carbon monoxide leaks or electrical fires. HVAC experts adhere to safety protocols and regulations to protect your home and family.
6. Change worn carpets or rugs
Worn, stained, or outdated carpets or rugs reduce the overall appeal of your home. Replace them with fresh, clean, and modern options to instantly enhance the look and feel of your space.
Opt for neutral colors and styles in your new carpets or rugs. It allows buyers to envision their furniture and decor in the space.
New carpets or rugs are easier to clean and maintain, which can be an attractive feature for buyers looking for a low-maintenance home.
Carpets come in various materials, styles, and pile heights. Some common carpet materials include nylon, polyester, wool, and olefin. You must consider durability, stain resistance, and comfort when choosing the right type of carpet for your space.
7. Add a deck or patio
Decks and patios provide additional living and entertainment space, making your home feel larger and more functional.
Invest in durable, weather-resistant materials that require minimal maintenance. Popular choices include pressure-treated wood, composite decking, and natural stone for patios.
Install outdoor lighting to extend the usability of your deck or patio into the evening. This can create an inviting atmosphere and improve safety.
8. Add new energy-efficient fixtures
Upgrade older appliances like refrigerators, washing machines, and dishwashers to ENERGY STAR-rated models. These appliances use less energy and water.
If suitable for your location and budget, consider installing solar panels. They can generate clean energy and potentially reduce or eliminate your electricity bills. This cost savings is attractive to potential buyers.
Conclusion
Investing in your home improves your living environment and increases its market value.
By carefully planning and executing these improvements, you can reap the benefits of a higher resale price and a more attractive property in the real estate market.
Remember, the best approach may vary depending on your specific circumstances and budget. So, take the first step toward increasing your home’s value and turn it into a more valuable, beautiful, and functional place to call home.
