The Best Improvements To Increase Your Home’s Value
By: Kyle Spearin
When you are looking to sell your home, whether this is sooner or later on, knowing how to increase its value is very important. Home improvements are an approachable way to automatically boost the value of your home—and they can offer some benefits for you too! With the right home improvements, you can see a significant increase in the value of your home.
The reason that home improvements increase home value is because of a little real estate term called forced appreciation. Forced appreciation is the act of valuing your home higher simply because you have a desirable home improvement. Even if it isn’t something that the person was actively seeking, its presence can be used to drive up the value and convince them of its worth. In this post, we will talk about the best home improvements to increase value.
A remodeled kitchen is a highly coveted home feature right now. Even though not everyone is looking for them, when most people see them, they are blown away by it. It is no secret that homes have been purchased completely because a potential buyer just fell in love with the kitchen. A kitchen remodel might include new tile or something bigger like the addition of new appliances.
In the modern age, remodeled bathrooms have quickly become all the rage. People love the idea of getting ready in a flashy bathroom that looks like a scene in a movie. For this reason, remodeling your bathroom can play a huge role in helping you to really boost the value of your home.
Bathroom remodels are a popular choice because they can often be done for a relatively low cost. You can instantly improve a bathroom with new paint and tile—or, if you are looking for a real boost, you can add in new features. Popular choices include dual-headed showers, raised bathtubs, and bathroom storage.
A Finished Basement
Finished basements are becoming a must-have for potential buyers in many cases. A finished basement can add a large amount of value to the home, particularly if it has the right features. Whether you opt for a simple finished basement or you choose to go all-out and create bedrooms and a bathroom, a basement is a major selling feature. People love the idea of having a bigger home and a finished basement can give it to them. More importantly, it can allow the seller to market a higher number of bedrooms in many cases.
If you are the kind of person who loves gardening, you will be glad to know that yard improvements are a big home improvement. You can really add some value simply by redoing the landscaping of your home. Whether you add new rocks to your yard or create a nice flower bed, using your green thumb can go a long way.
A simpler way to improve your yard is simply to take a bigger interest in the maintenance. Make sure that your bushes are trimmed, that your yard is edged, and that your trees are well-maintained. Even taking more of an interest in pulling weeds and watering your lawn can really help you to drive up the value of your home. Your goal is to make your house more inviting—and that absolutely starts with the yard!
Beyond simple gardening, a yard can be improved by adding features. Making a nice patio, adding or improving a deck, or even adding a permanent feature like a gazebo can go a long way. Show the buyer that your home doesn’t just come with a house, but also with a beautiful landscape that they can enjoy for years to come with the right maintenance.
Repaint The House
Adding a bit of new paint to a home can drastically improve its appearance, both inside and out! Inside your home, consider freshening up the pain. This might mean painting the walls a brighter and more inviting color, or you can challenge yourself to make your home more modern. Colored rooms and rooms with accent walls can really catch a potential buyer’s interest. Focus on choosing colors that are neutral and inviting. Fortunately, there is plenty of inspiration online!
The exterior of your house will without a doubt wear down with time. Weather and sunlight can take quite a toll on your house and might leave the home looking dingy. You can really improve your home’s value by repainting the outside. Remember to choose a fashionable color that won’t show too much dirt. Nobody wants to deal with buying an eye-sore!
Add A Bathroom
It might seem funny, but homebuyers are obsessed with bathrooms. People love homes that have a lot of bathrooms in them purely because they are convenient, particularly for families. No one wants to send a guest through their entire house just to use the bathroom, so always make sure you have one on the main floor. Adding bathrooms upstairs or in the basement can make a home much more accommodating and make it more desirable. Of course, be realistic about how many bathrooms your home needs.
Get An Energy-Efficient Water Heater
Water heaters are an absolutely invaluable part of a home, but they can be costly to operate. An energy-efficient water heater can offer your potential home buyer incredible savings, which means you can ask more for the home. These features are modern, easy to maintain, and can really boost a home’s overall value. Make sure you choose one that is the right size for the amount of space and bathrooms in your home.
The reality is that increasing your home’s overall value is really just one passion project away. Whether you buy a new feature or take some time to spruce up what you have, you will find that your house appeals to more buyers. With these easily managed and cost-effective upgrades, you can improve your home’s value immediately. You can invest upfront to make more money later!