How to Increase Home Value

Adding value to your home is vital if you’re trying to sell your home now or even in the future. We’re not really talking about thousands and thousands of dollars’ worth of upgrades with an entire second story and a swimming pool.

There are a lot of things you can do that don’t take a ton of time or money at all. Many people wonder how to increase home value, and here are few ways to do just that.

Clean Up and Declutter

When prospective buyers look at your house, they don’t want to see a dingy, cluttered space with no room to move around. Lived-in homes are always going to be messy; it’s an unfortunate fact of life. But, you can’t really leave the home in that shape if you want to sell it at a higher price. If you have a lot of clutter in your home you can:

  • Sell it
  • Trash it
  • Store it elsewhere

When prospective buyers look at your house, they don’t want to see a dingy, cluttered space with no room to move around. Lived-in homes are always going to be messy; it’s an unfortunate fact of life. But, you can’t really leave the home in that shape if you want to sell it at a higher price. If you have a lot of clutter in your home you can:

Speaking of appearances, you should also consider a deep clean. If you’re wondering how to add value to your home, this is it. A clean, modern-looking home is valuable to buyers. A dirty, dusty home only makes them think of the dirtiness and dustiness.

Exterior Upgrades

They say not to judge a book by its cover, but that aphorism almost never applies to houses. First impressions are everything when it comes to the potential value of your home. A few things you can work on are:

  • Landscaping – Don’t go crazy, but a well-manicured lawn, healthy plants, and overall efficient landscaping provide the sense that the interior of the house is just as exquisite.​
  • Roofing – A new roof is both cosmetic and practical. It ensures that homebuyers won’t have to worry about fixing it up, and it brightens up the appearance of the home in general.
  • Exterior painting – A chipped-up, faded paint job on the exterior of the house is unappealing. Choose a neutral tone and go around the house to give it a fresh, new appearance.
  • Plant some trees – One study suggested that planting trees on your property can increase your home value by almost $9,000. That seems to be a good return on your investment.

If you want to save money, you can even take the DIY route. Of course, professionals know best, and you’ll still get a return on your investment either way. But, if increasing home value is important to you, don’t neglect the exterior.

Interior Upgrades

We could go on forever when it comes to interior upgrades, but we’ll just give you a few. There are a couple of categories that interior upgrades fall into: expensive and not-so expensive. Let’s start off with the not-so expensive ones.

  • Flooring – New tile or hardwood flooring can make the home sparkle. Carpet, however, is becoming less popular due to potential allergens and expensive maintenance.
  • Lighting – Lighting can be too dark or too bright. Get the right fixtures with the right bulbs to effectively illuminate your home.
  • Faucets – Although seemingly minor, new faucets can add major value to your home at a low price.

The more expensive options generally consist of upgrading and modernizing rooms like kitchens, bathrooms, or bedrooms. Adding more rooms or renovating them to be possible rental units might also be a good option for adding value to your home. A basement, “granny” unit, or even an extra bedroom can be added for the purposes of renting.

Things to Avoid

Swimming pools are becoming less and less popular with potential homebuyers. No one wants the added headache and expense of pool maintenance. Not to mention the fact that pools can be dangerous. In general, try to avoid overdoing it. If you live in a neighborhood full of $200,000 houses, don’t turn your home into a million-dollar mansion. Buyers are more likely to buy a property for a million dollars in a neighborhood where houses actually cost a million dollars.

In the end, increasing home value is vital to get the most bang for your buck. Just make sure you do it the right way.

What you should do now

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