Increasing the value of your home is important if you are expecting to move out in the future.
The advantage of this is that you get to sell your home at a much higher price.
While homes do appreciate in value, it still takes legwork to push the numbers up, especially when there is economic uncertainty.
Fortunately, there are a number of ways you can increase your home’s value regardless of the situation. Here are four of the best ones:
1. Upgrade for Energy Efficiency
If you have owned your home for more than 10 years, you may opt for energy-saving improvements.
Today’s homebuyers want to settle down in homes that are energy-efficient.
You can start by replacing outdated bulbs with LED lighting.
Opt for high-quality dimmable LED bulbs that can last longer and provide more than adequate illumination for areas such as the living room, bathroom, and bedroom.
Apart from bulbs, you can also add insulation to the attic and basement areas.
Make sure to use materials with the right value for the walls and floor. You can also add insulated vinyl siding to your windows.
This material costs less than wood and it doesn’t warp, unlike regular vinyl siding.
Lastly, consider installing a solar energy system. Apart from reducing your energy bills, solar panels can increase the value of your home by 4.1%, according to a report by CNBC.
2. Improve the Landscape
The quality of your landscaping is an important factor in calculating the value of your home.
When done properly, landscaping improvements can increase your home’s selling price by 20%.
If you want to get started on sprucing up your lawn and backyard, start by keeping the grass fresh and healthy all throughout the year.
It helps if you are able to install a sprinkler system and mulch up the soil.
If there’s any vegetation around the property such as bushes, shrubs, and hedges, consider making them look more presentable by trimming and pruning overgrown branches.
To help your landscaping stand out, set up a flower bed and a mini-garden in your backyard.
Patios and other outdoor living spaces are also great features to add to your landscaping.
A good rule of thumb is to select a theme for these amenities.
For a more rustic look, consider building a patio with hardwood floorboards and adding rattan furniture.
If you would like a more modern theme, use monochrome colors and opt for minimalist chairs and tables.
3. Breathe New Life to Deteriorating Parts
Over time, certain parts and components of your home deteriorate, causing structural and aesthetic problems that will eat into the value of the property.
If you want to sell your home for a better price, you need to identify anything that needs to be repaired or replaced.
Pay attention to areas that aren’t always visible, such as the gutters.
Rusting can definitely cause rainwater to collect around your home and cause severe erosion and structural damage.
You can never go wrong with the advantages of quality gutters, so shop around for those that match your home’s look.
4. Remodel the Most Important Areas
You should also inspect your plumbing system from time to time.
Although small leaks may not necessarily be a cause of concern, they can cause water damage that will stain your floor.
The best thing you can do is to seal these up immediately or replace your pipes with copper ones.
It’s always a great idea to remodel areas such as the living room, bedrooms, and kitchen. It gives the interior space a fresher vibe.
Plus, any improvement to these areas can also raise your home’s value.
To make the most of your remodeling projects, consider changing the wall colors, replacing the curtains and furniture, and swapping old appliances with new ones.
When it comes to remodeling the kitchen, you can opt to add or increase the size of the countertop.
You can also replace old cabinets with new ones. As for the tiles, you can opt for either slate or granite which are easy to clean.
Finally, the bedroom offers countless remodeling possibilities.
If it’s a master bedroom, you can add a touch of luxury by building a walk-in closet and a balcony area.
If you would like to add an extra $20,000 to the resale price of your home, consider building another bedroom.
There is a lot more you can do to increase the value of your home.
You just need to plan for it and reach out to contractors and suppliers who can help you with every project idea that’s on this list.