Are you looking to add value to your home? Confused how you can make that happen? Then this article is just for you. Even if you are not looking to sell your place, maybe you’re looking to renovate your home, remodel the interior or want a makeover. All in all, if you follow our tips, your home is getting its value increased.
If you are looking to make your home go up the value ladder, you need to know what efforts can add value to your residence and ensure that you get the best returns when you finally decide to put it on the market.
Before we proceed, you must know that if you own a huge property, then adding value is relatively easier. Let’s take a look at four home updates that we guarantee can increase your home value for sure.
1.Update your home bathrooms and kitchens for the best returns on investment
Brad Hunter, a known real-estate pundit, and HomeAdvisor’s chief economist, millennials are more likely to buy houses that have extravagant kitchens and bathrooms. People have been known to make a compromise on the size and condition of the home if the bathroom and kitchen are updated. Real estate sellers find it easier to sell houses at a handsome amount compared to other houses that have average look bathrooms and kitchens.
You can start by replacing the old appliances with the new ones, replace or reface old cabinets with the new ones, changing the flooring with vinyl or new tiling options. This can add significant amount of value to your place.
Bathrooms are usually a very cost-effective choice for home remodeling for your house as you don’t even to get the whole place renovated or remodeled. Just get the tiles changed and appropriate lighting and your home will gain higher value without causing a dent to your bank account.
2. Landscaping
This is probably the most cost-effective way of enhancing the outlook of your place while keeping the budget lowkey. It makes sense because landscaping can help your home attain a natural vibe. Just imagine a house with blooming flowers, healthy trees, trimmed laws, this is something that motivates the buyer to purchase the house immediately.
Some steps are including in the landscaping, which comes at low cost and huge returns.
- Planting native trees in a strategic manner can help minimize the energy costs to approximately 50% and raise your value in the entire neighborhood.
- Plantation of young shrubs and giving them some space and nurturing them to grow big can help your property stay cool and keep the environment fresh and provide an earthy feel
- Another cost-cutting advise would be to replace the annual flowers or plants with the perennial foliage.
Remember not to go for the installation of gravel scaping or synthetic turf because it can deteriorate the resilience of the environment and increase the cost of energy.
3. Energy Efficient Windows
Do you know that 25-30% of residential heating in residence is caused due to the windows? If you are looking to remodel your house and increase its value, try adding something that a buyer wouldn’t find anywhere else.
Buyers nowadays are more concerned about the environment. While most houses are not energy efficient, your place can stand out if it had energy-efficient windows. Having old and drafty single-pane windows can sometimes be a major turn off.
Not only are these windows eco-friendly, but they can also help you save money on your energy bills and make a living more comfortable.
4. Installing a new heating system
Perhaps the one thing that owners usually don’t pay much attention to is the heating system of the house. Many of the old houses had no heating system and homes like these are not easily sold in the market unless an upgrade takes place.
Upgrading or updating the heating system will add more value to your property more than the original amount. This will make the house more energy-efficient. Making the house more energy efficient will ensure that your home provides comfort in all seasons and weathers.
Here you go, four significant improvements that can increase your home value significantly and make selling your house a walk in the park. Remember your house doesn’t have the same value it did when it was bought, and therefore it is essential you make a few changes here and there to make it more appealing to the modern buyers. The next time you decide to renovate your house, or upgrade your property, make sure you keep this in mind.
We guarantee that these upgrades will enhance your property’s overall look making it more aesthetically pleasing to the buyer allowing you to dictate a quote that they just can’t refuse.