When you become a homeowner, you not only want to make your home nice and updated for yourself while you are living there, but also to ensure that you are adding to your home’s value so eventually when it comes time to sell, you will be able to get more for your money. Not only that but adding value to your home will help to make sure that your home is set apart from other homes that are on the market.
As prices of homes and mortgage rates continue to rise, it has never been more important to keep your home as up to date as possible, especially if you are planning on selling in the coming years. While increasing your home’s value may seem overwhelming to you, as you may be focused on other financial commitments, there are ways to renovate your home little by little, slowly but surely. Overall, you want to ensure that you are spending your money wisely!
Check out some ways that you can increase your home’s value in the most efficient and effective way possible:
1 – Spruce your home up with some fresh paint.
One of the simpler ways to increase your home’s value is by giving the interior of your home a fresh paint job. If you would prefer to paint your home yourself, all you will need is a few gallons of paint, some rollers and taps, brushes, and drop cloths! You may opt to freshen up your walls as they are or give a room some flair with a brand-new color. A crisp, clean paint job is always a good idea, regardless of if you are planning to sell or not!
2 – Focus on your curb appeal and exterior.
First impressions mean everything, especially in real estate. Focus on your curb appeal so that when anyone, whether it is guests, people in your neighborhood, or potential buyers, drives by, they have a solid impression of your home! If you are not experienced in landscaping, consider hiring a landscaper to ensure that your front yard, bushes, and any flowers or plants are properly groomed. Additionally, ensure that the outside of your home is freshly painted, windows are cleaned, and your front door is welcoming. Remember, you only get one chance to “wow” someone upon their first visit!
3 – Update your kitchen and bathrooms.
Two of the most important rooms in your home are your kitchen and bathroom, as they are rooms that everyone spends a lot of time in and consider central features of the home. You want to make sure that your kitchen and bathroom have enough space, are modern and up to date, have updated appliances and plumbing, and have a nice aesthetic. While updating your kitchen and bathrooms are extremely expensive projects, they are well worth it. Ensure that you are budgeting ahead of time before beginning each project, and that you do your research to ensure you are working with quality materials that will last for years to come. This is one of the most important ways to increase your home’s value.
4 – Replace your garage doors.
While your garage doors may be one of the last things you are thinking about when adding value to your home, they have more of an impact than you think! Everyone uses their garage for different purposes, some choose to use them for their vehicles, while others utilize the space as a convenient storage and workspace. Regardless of what you use your garage for, make sure that the doors are working properly and are aesthetically pleasing to match the rest of the exterior of your home.