When you’re thinking about raising the value of your home, you’ll be faced with things like a loan. On the other hand, the length of the renovation time is something that may tire you out.
But it’s worth it if you plan a well-considered and proper renovation. Because it increases the price and value of your home dramatically.
Follow this paper to learn how to increase the value of your home.
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Contents
- 1 14 Ways to increase home value
- 1.1 Make the home more energy-efficient
- 1.2 The magic of a fresh coat of paint
- 1.3 Clean and declutter
- 1.4 HVAC system
- 1.5 Mount hardwood floors
- 1.6 Work on your curb appeal
- 1.7 Importance of usable square footage
- 1.8 Update the look of your kitchen
- 1.9 More Space
- 1.10 Upgrade your front doors
- 1.11 Pay attention to the safety and security
- 1.12 High-Quality Finishes
- 1.13 Refining the bathrooms fittings and fixtures
- 1.14 Update Your Garage Door
- 2 Conclusion
14 Ways to increase home value
You can use different methods to increase the value of your home. These methods are known as the best possible methods and are as follows:
Make the home more energy-efficient
Using smart home technology equipment will add significantly to the home’s value. For example, a smart thermostat completely prevents the cancellation of water and electricity, and wherever you are, you can remotely manage all related costs. This will make your house efficient and reliable and will attract the attention of customers.
Usually, these costs are between 200 and 500 dollars. You can even consider replacement windows and insulation, which can make a significant contribution to energy efficiency and make your home look more impressive. You can also put the installation of solar panels and batteries on your agenda. They may have heavy costs, but they will undoubtedly increase the value of your home. According to some studies, the value of the house increases by 4.1% due to solar panels.
The magic of a fresh coat of paint
Sometimes paying attention to the appearance of the house is very useful. Paint the house to see how this magical method can make even old houses popular and attractive.
Use balanced color combinations. Warm and attractive colors are usually compatible with all models of arrangement and furniture, but sharp colors create contradictory combinations. Check the required amount of paint. Interior walls need more paint than exterior walls.
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Clean and declutter
Start cleaning and decluttering your home. All cabinets, closets, drawers, beds, and other related items should be cleaned. You need to free up an acceptable amount of the house. If you outsource it, it will cost you between $200 and $250. But if you start doing it yourself, it will be very affordable for you.
HVAC system
Pay attention to the HVAC system. If this system is well installed, buyers will pay a lot of attention to it. Try to prevent air leakage in the environment. With proper insulation, you can prevent cool air from leaving the house. A smart thermostat is a good tool to make your HVAC system more efficient. The thermostat automatically adjusts the temperature of the house during the day, which is a significant saving for you.
Mount hardwood floors
A recent survey of real estate companies shows that the wood floor of a house can help its sale by 1 to 10 percent. If the wooden floor is of good quality, we can sand it up to 10 times during its lifetime. If you choose good flooring, it will last you up to ten years. It is also more suitable for families with children.
The color of the flooring is another important factor. Choose a color that appeals to buyers. The color of the flooring helps the new homeowner a lot. It is easier to wash than the carpet and it is much easier to match accessories with it.
Work on your curb appeal
Increasing the attractiveness of the house is a very important point. Joint research between the University of Texas and the University of Alabama shows that this has an impact of up to 7% on the sale price of a home. Start from mowing the lawn to laying decorative stones to washing the windows and painting the front door to enhance your home’s curb appeal.
Importance of usable square footage
Homes are valued by the square foot. Therefore, adding a bathroom or a great room to the house can significantly increase its value. For example, adding a separate suite can make a significant difference in the eyes of customers. The costs of adding a laundry room or adding a new en-suite bedroom vary. It is important to make the best choice by knowing the quality of the facilities.
Update the look of your kitchen
Although modernizing the kitchen costs about $80,000 and may not increase the value of your home as you expect, equipping the kitchen with smart home technology and modern technology can have an impact on the home buyer’s initial impression. The layout of the kitchen and opening the space for work in this environment are also very important.
But it should be noted that there are ways that make your kitchen very visible and have a great impact on the sale of the house. Take advantage of new updates such as changing the counter, changing the appearance of the cabinet, and creating a floor. Add a new sink and faucet. Pay special attention to the lighting of the kitchen. Great lighting can attract the attention of the customer.
More Space
Always see the space of the house as a bonus. This space allows you to create a bathroom, a recreation room, or another suitable area. Zoning restrictions do not allow you to increase the square footage upwards or outwards. So focus on the basement.
Take on the basement renovation yourself. Do the painting of the walls and the flooring of the basement yourself and leave things like wiring to the experts. If the basement is converted into a substantial living space, it has the power to contribute up to 75% of your return on investment.
Upgrade your front doors
You may not take this option very seriously, but the fact is that renovating the front door is one of the least expensive and yet most effective measures to increase the value of the home. Change the entrance door to a steel door. It creates more security and adds to the beauty of your home with its attractive appearance.
Steel doors are not supposed to be unadorned and in a rough and soulless style. They can have decorations and decorative glasses. In addition, they have another advantage, which is that they maintain coolness and heat inside the house.
Pay attention to the safety and security
Home security is a very important issue. After discussions about beautification, home security will not only give you or the new home buyer a sense of peace and security, but it will also include discounts on your homeowner’s insurance. This will make your home more attractive to buyers.
Meanwhile, some companies offer up to 20% discount on the home security system. It is possible to work with them and integrate the security system with smart home technology such as thermostats and lighting. Or, the security system can be connected to the house’s electricity to warn you in case of a power outage.
High-Quality Finishes
Some small and low-cost changes can be seen and attract buyers and customers. Things like replacing brass door handles and changing them to nickel or chrome plated handles. Or change and adjust the LED light of the house. Something that increases the value of the home by 1-3% and reduces the need to constantly change light bulbs.
Refining the bathrooms fittings and fixtures
Changing the interior of the bathroom does not need to be expensive. Faucets, showers, handles, and heated towel racks are options to consider. Give old fixtures a brushed nickel finish to change the look of your bathroom. Focus on details like whitewashing and caulking the bathroom. Try to pay special attention to the state of the bathroom vanity.
Make sure the countertop is waterproof and modern and install a mirror for ease of use. Repaint the cabinets in neutral colors that match the rest of the room.
Update Your Garage Door
Take the garage door seriously. Because they form a significant part of the exterior of the house and customers and buyers pay attention to it at first glance. If we look from the point of view of return on investment, according to the claim of Remodeling magazine, replacing and upgrading the garage door will yield up to 93.8%.
No matter how much the garage door costs, it will be profitable for you. Because it is very important for the appearance of the building. Replace the garage door if it is battered and damaged, then insulate it to regulate the temperature inside the garage and then paint it tastefully.
Conclusion
You should optimize your home using these methods to increase its value. Now either alone or use a contractor. It is very important to understand the necessity. Therefore, it is necessary to move forward with calculating the costs and planning for their allocation.
Some of these methods are more expensive and some are cheaper. It is up to you how to use the expenses to get the best use and productivity. Consulting with a real estate agent or contractor can help. Therefore, a house that is upgraded in the best way will be at the top of the eyes of customers and buyers.
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