Are you looking to sell your home or just interested in taking steps to increase its value? No matter your budget or the amount of time you have to invest in home improvement, there are steps you can take today to make your home more appealing. Below, we lay out key home improvement tips to increase the value of your home: now and for many years to come.
Focus on the Kitchen
Home experts agree: money spent remodeling or updating a kitchen is rarely wasted. According to Consumer Reports, a “modern/updated kitchen” topped millennials’ list of ideal home features. If your budget allows, replacing appliances (homebuyers gravitate toward stainless steel), countertops, and flooring can bring value to your home. Even small tweaks, like adding a new backsplash or light fixtures, can update a kitchen.
Don’t Neglect Your Yard
Whether you plan on selling your home next month or five years from now, there are steps you can take to improve your home’s landscaping. Curb appeal matters. Rejuvenate a tired looking yard by planting a shade tree, which can also cut down on cooling costs, or spruce up your gardens by planting bright, cheerful flowers (bonus points for low-maintenance plants). For those with a bigger home renovation budget, hire a lawn service or landscaper to really transform an unruly yard.
Did you know that you can quite easily make your home feel bigger than it actually is? Adding visual space to your home can make it more appealing to prospective home buyers, thereby increasing its value. Tweaks like replacing heavy curtains with shutters, painting a dark room white, or adding mirrors to a small space can make a room feel larger. For those with a more substantial home improvement budget, creating actual additional space – not just the illusion of space – could increase value. Finishing a basement or an attic adds additional usable space to a home.
Don’t Underestimate the Power of Paint
Looking for a cost-effective, easy way to refresh your home and make it more appealing to future buyers? Look no further than a few coats of paint. Painting a home’s interior is as transformative as it is simple, as anybody who has brightened a dreary interior with clean white paint can attest. If you’re choosing paint for a home that will soon be on the market, we recommend selecting a neutral crowd-pleaser as opposed to a loud, specific color that may not find many fans.
In today’s market, many homebuyers gravitate toward energy efficient homes. According to Consumer Reports, a survey by the National Association of Home Builders reported that “energy efficient” was second only to “safe community” on a list of factors that would influence a home purchase decision. Oftentimes, energy companies will perform a free audit of their customer’s homes, recommending ways to make the home more energy efficient. Taking them up on this offer and implementing a few of their suggestions will not only save you money on energy costs now, but can also increase the value of your home and entice more buyers.
Quick energy saving tips:
- Install a fan: not just a decorative piece, fans reduce the need for air conditioning in warmer months
- Replace your old water heater with a modern, tankless water heater
- Swap out old light bulbs for LED lighting
- Got budget to spare? Replace old carpet with modern, environmentally-friendly bamboo or dated windows with high-efficiency ones
Call in the Pros
Inspector: A home inspector can point out and recommend solutions for non-cosmetic issues that may hurt your home’s value, such as water leaks, loose roof shingles, and deteriorating crawl space insulation. Addressing these issues increases your home’s value (not to mention makes it safer for current and future occupants) and saves you time and money in the long run.
Interior designer: A little professional design help can go a long way. Invite an interior designer to your home (most designers will charge an hourly rate less than $100). Designers can offer tips for needed improvements, whether it be painting a room, replacing carpet, or updating light fixtures.
Home cleaners: It would be a shame to discourage potential buyers from seriously considering your home due to its perceived cleanliness. If you don’t have time to deep clean your home, hire a cleaning service that will make your home sparkle from the inside out.