Increasing your home’s value is helpful and important if you want to sell your home in the real estate. However, increasing your house’s value is easier said than done. One should never underestimate the planning and effort needed to do this in order to have a profitable income when the time of selling comes. Thankfully, increasing the value of your home is not impossible to do, it may take a lot of time but with the right plan and execution, it will all be worth it. Here are some several ways and tips in how to increase your home’s value.
Increasing Your Home’s Value
Focus on kitchens and bathrooms
The two major rooms of any house that directly impacts its resale value are the kitchen and the bathroom. This is because these rooms are high traffic rooms and used by everyone. Focusing on kitchen and bathroom improvements and upgrades results in a high level of interest come the time of selling. Moreover, millennial home buyers prefer having an updated kitchen and bathroom according to HomeAdvisor. Home appraisers also tend to look for improvements into these rooms first due to their instant appeal to buyers. Aside from this, the kitchen and bathroom will give you the biggest return of investment than any other room in the house.
When doing improvements, do not do it all at once. Start small and slow. For example, you could start out by replacing old kitchen appliances with newer ones. Cabinets that are old and creaky can be repaired or replaced. You could also look into flooring and see if it needs a modern update. These minute improvements can stack and add to the overall value of your home.
Invest on increasing square footage
Bigger is always better. The same can be said when it comes to increasing your home’s value. Square footage will always have a huge impact on any home’s value because it is a testament to how much space can be fitted in a house. It also helps clients in making final decisions by comparing two similarly styled homes. Square footage or size can make or break your home’s value since bigger homes often means they have bigger value on the market.
One way to increase your home’s square footage is by adding another room. Though this is expensive, it will surely pay off since it will significantly increase the value. A cheaper alternative is just to create additional space creatively like building a view deck or a small terrace, or you can finish the basement to add more square footage.
Make your house more energy efficient
This is a subtle way to increase your home value since energy efficiency is not practiced by all homeowners. However, it has been proven that a home’s efficiency in energy affects its overall value since being environmental friendly has a positive appeal on people. Moreover, it feels nice to help the environment once in a while.
Consider LED lighting, energy efficient appliances, attic insulation, and many more. If you have money to spare, you might want to go bigger and put solar panels on your home’s roof.