Regardless of your home’s size or age, there are always things you can do to increase its value – and it’s much easier than you think. Some investments might be a bit costly, while some might cost you nothing but your time. However, what you really should be looking for are the kinds of projects that will result in bigger ROI. So, if you’re planning on selling it in the near future, or you just want to improve it for other reasons, here are a few things you could do to get the most bang for your buck.
First, you need to plan your remodel. Now, you might be thinking, “what does this have to do with the value of the home?” The thing is, you’re more likely to make the right choices if you upgrade your home according to a premade plan than if you do it on impulse. Also, upgrading your home is a process, it won’t happen overnight, so there’s no reason to rush. Get to know your place, and list the things you want to change. Be realistic about the possible cost of everything on your list. After you organize everything by price, see what's the most important, and what you will do only if there’s money left after the more important upgrades. Finally, do some research or talk to a professional, and see which of those improvements can increase the value of your home the most.
The curb appeal
Installing a new steel door might not sound like the most important addition to your house, but research has shown that it is one of the financially best upgrades you could do. Moreover, it’s all about the first impression and if your exterior doesn’t look impressive, the potential buyers might assume that the interior won’t be much better either. Besides the doors, you should also replace your windows, do some landscaping, repaint the house, etc. In short, your curb appeal can really make or break your ROI, so you should make sure your home looks as great on the outside as it does on the inside.
Think about sustainability
Nowadays, more and more people are becoming environmentally conscious, so it might not be a bad idea to invest in eco-friendly upgrades. You can install double-flush toilets and low-flow faucets to preserve water. You can also try to get more details about low-flow toilets in the market that flush powerfully and thoroughly.
It may also be a good idea to add some LED lights, insulate your home properly so it doesn’t waste too much electricity on regulating the temperature, and you might even want to consider installing a solar power system. There are many innovative companies such as Australia’s leading solar energy installer Skylight Energy that can provide you with the best solar panels that are guaranteed to efficiently serve your home for a long time.
Add more space
A research from 2005 has shown that every 1,000 square feet you add to your home is likely to boost its sale price by more than 30 percent. Nowadays, everybody needs an extra room, which they can turn into their home office, private movie theater, or something similar. So, if your budget allows it, consider enlarging your bathroom, building a nice patio or an outdoor kitchen, or perhaps a room or two extra for people’s hobbies. Just try not to add so much that your home’s price skyrockets way beyond your neighborhood’s average – you can be at the high end of your neighborhood’s price range, just try not to be the leading value.
Clean your home
Another thing that only takes time – yet is extremely important – is your home’s cleanliness. A clean home will attract more buyers than a home that is obviously full of dust, mold, dirt, and whatnot. It’s not just about the appearance though – by cleaning your home from top to bottom, you might also notice some maintenance issues that need to be taken care of before they turn into bigger, more expensive problems. Mold, for example, can become a huge problem if it spreads, so it’s always best to catch it as early as possible. Also, cleaning includes decluttering, so don’t leave any boxes lying around – get rid of everything you don’t need, and move out of sight everything you do.
There are many different ways in which you can increase your home’s value, from cleaning and planning, which takes nothing but your time, to investing in your exterior and building extra rooms, which does require a thicker wallet. Therefore, plan wisely, don’t rush, and have no doubt that your home will be much more valuable after you’re finished.