Top 10 Ways to Increase Your Property Value
Whether you want to sell your house tomorrow or make a smart investment for later on in the future, increasing your property value is a smart move in both the short and long run. From adding modern garage doors to putting a little flare into your front yard landscaping, there are so many things you can do to put a few extra digits on your property value.
No matter what your budget is, there are improvements that you can make that won’t break your bank. Here are a few ways to take your home to the next level:
- Start Small
If you’re not quite ready to start doing big budget upgrades, start with the small stuff. You don’t have to spend big bucks to begin the process of increasing your property value. A little can go a long way. Have a few faulty electrical outlets? Get those fixed. Faucets and fixtures looking outdated? Update them.
Grab a notepad, take a walk around your home, and write down all of the little things you notice that you could easily fix on a small budget. Another great way to not overwhelm yourself with updates is to go room by room. Start with the room that needs the least amount of work and go from there.
- Kitchen & Bathroom Remodels
If you think that you’re ready to go BIG, the kitchen is a great place to start. According to Consumer Reports, an updated and modernized kitchen is on the top of the list of things millennials look for when buying a home. This could mean a fresh coat of paint, sleek appliances, or upgraded cabinets and countertops. Although, you don’t necessarily have to rebuild your entire kitchen from scratch – a new trendy backsplash and modern knobs for the cabinets could give the space the perfect updated look it needs. Just focus on two words: bright and open.
Once you’re done with the kitchen, it’s time to take a hard look at your bathrooms. Sinks, faucets, and showerheads are the best place to start. Then you can move on to larger things like perhaps installing a low-flush toilet and some new tile. If you’re not exactly sure what style to go for, Pinterest can be your best friend when it comes to looking for what things people are loving, and bathroom designs are no exception.
- Replace Your Doors
This is an upgrade that people often forget but should not be overlooked. Your front door is one of the very first things people notice when entering your home so it should be in tip-top shape. Think about how your house looks to the average person driving by. Is it welcoming and inviting or are there weeds growing in your front yard and paint chipping off the garage doors? Upgrading your doors can really add to the overall appearance of your home.
To make a substantial visual impact, consider installing a new garage door or repairing and restoring your old one. Highly-rated companies like Family Christian Doors are able to accommodate any need pertaining to upgrading or replacing your garage door, with a vast selection of styles to choose from.
- Creative Landscaping
Okay, this may sound a little intimidating but don’t worry, landscaping doesn’t necessarily mean that you have to spend thousands of dollars on a pool. In fact, while previous generations reveled at the thought of having their own pool, millennials are less likely to associate a pool with fun and more likely to just think of how much it’ll cost to maintain. Instead, if you are looking for a large-scale landscaping addition, focus on creating outdoor spaces to gather by adding a deck, a patio, or gazebo. A few lovely, well-placed drought-tolerant plants and some outdoor lighting go a long way.
- Paint! Paint! Paint!
You’d be amazed what a fresh coat of paint can do for a room. With a few hundred dollars and a few extra hands you could have the whole place dazzling. Quick Tip: Try your best to use mostly neutral colors since they appeal to the majority of people and be sure to invest in high-quality paint! You won’t be saving money in the long run if you are having to repaint every few years. When picking colors, don’t hesitate to ask the professionals for their opinion on what works best.
- Make Your Home Energy Efficient
The future is Green! If there is one thing that many future buyers care about, it’s saving the planet. Get ahead of the game by installing energy-efficient fixtures, lights, and even a solar power energy system. This is a great update to do because not only will it increase your property value, but it will lower your electricity bill! Here are some other ways that you can start to make your home energy efficient:
- Install a solar-powered water heater
- Replace your windows with high-efficiency windows
- Weatherize your home with air sealing and revitalized insulation
- Keep Your Technology Smart
We are in the era of smart technology and you’d be wise to be sure that your home follows suit. Get rid of that old dodgy thermostat and replace it with a model that can be controlled from a smartphone. Install a smart backup power generator that can power your entire house is also a worthy smart technology investment for those thinking seriously about disaster preparedness.
- High-Efficiency Windows
As previously stated, adding high-efficiency windows are a great way to not only increase property value but also save money on your monthly energy bills. Windows don’t have to be number one on your list, but if you have an issue with cracked caulking, condensation, drafts, or mold, it could be a great investment. Replacement garage door windows are also something to consider as they tend to accumulate scratches and imperfections overtime.
- Think About Your Floors
Time to rip out that old shag carpet that the kids have destroyed and add in some beautiful tile or some bright and shiny hardwood floors. Floors are yet another huge feature that people consider when buying a home and you should take it into consideration too! While changing your floors are definitely on the more pricey and time-consuming end of your property value project, don’t worry, it doesn’t necessarily have to cost you an arm and a leg to get the floors that you want – engineered wood flooring is a beautiful and cost-efficient way to go!
Doing a good job of maintaining your home can keep your property value high and save you a lot of money in the long run. If something needs repairing, don’t wait. Fix it now! Prolonging repairs almost always ends up costing you more money and more time. If your garage door won’t open, don’t wait forever to get it fixed – fix it now! Here are a few other things that you should focus on maintaining in your home:
- Repair plumbing leaks, leaky windows and faucets
- De-weed your front and backyard
- Keep your gutters clean
- Stay on top of peeling paint before it’s too late
Updating your home to increase your property value doesn’t have to be a stressful project. In fact, it can be a lot of fun! Be careful to not overwhelm yourself with all of the possible repairs. Before you get started, make a list of everything you’d like to get done and categorize it from least expensive to most expensive. Working within your budget, start at the top of the list and before you know it, you’ll have crossed of everything and increased your property value big time! If you don’t know where exactly to get started, consider hiring a home inspector to tell you where your home’s biggest flaws are. Remember, don’t be afraid to ask for help and have fun!