As a homeowner, any investment in your home should be one that enhances its overall value. There are many different ways to improve the value of any home. The trick is to choose those features which will bring you the most return on your investment and satisfaction for your everyday living environment. Here are our best suggestions for areas to improve the value of your home.
The curb appeal of your home is in straight connection with the perceived value of the home. It’s important to remember that the value of your home will be determined by the buying market. For this reason, you’ll want to ensure that your home looks amazing. Curb appeal is an area that you simply can’t ignore. The outside of your home is the first glimpse that people get of your house from a listing and when driving up for a showing. You want to impress them at first sight. Investing your money in different landscaping features can provide a great return on your investment. Features can include trees, shrubs, flowers, fountains, fences, benches, ambient lighting, and so forth.
Aside from the mortgage payment, one of the most expensive parts of owning a home is paying the electricity bill. This holds especially true in the dead of winter and drought of summer. To help keep energy levels low, there are various energy-efficient features that can be installed throughout your home. Solar panels tend to be some of the first features that most people think of when they hear about cutting energy costs. By producing your own energy, you can avoid the high costs of paying your utility company each month. Heat pumps are another great way to majorly reduce your heating and cooling costs. Even adding energy-efficient kitchen appliances can be a great idea to help lower the electric bill each month.
Replace Old Windows
Older windows in your home can be a big avoidance of potential homebuyers. They know that windows can be somewhat costly to fix and will avoid buying homes that will need a lot of windows replaced. You can fix this problem by installing new windows in your home. These newer windows will be more energy-efficient and make your energy bills much cheaper. According to EnergyStar, the average homeowner can enjoy savings of up to 500 per year in energy costs just by installing new windows. Also, by installing new windows, it can modernize the look of the home which is a big plus for potential buyers.
Convert Extra Space Into Rooms
One of the biggest ways to improve the value of a home is to add another bathroom or bedroom. While not all homeowners have the space to do so, it can be advantageous for those who do. Look for those spare rooms that can be converted. Even an attic space that is tall enough to be converted into a bedroom can drastically improve the value of your home. If you have a lot of open basement space, consider installing a downstairs bathroom and bedroom. The more bedrooms and bathrooms you can install, the higher the value increase for your home.
Update The Kitchen
The two most popular rooms in a home are the bathroom and the kitchen. The kitchen is one that is highly desired to be modernized. This includes new appliances, beautiful countertops, and more modern features. If you’re going to be investing your money in updating any room of your home, you should opt for the kitchen first. This will bring you the biggest return on your investment.
Increasing the value of your home can be done through many different methods. The above are just some of the most popular methods that are used by homeowners. It’s always a good idea to consider the return on investment that you’ll get from any home improvement that you intend to do. This will ensure that you get your money back when you go to resell your home in the future.