Not all house upgrades are equal. An open concept home might sell for a much higher price in one area of the country than it does in another. Some projects add a significant amount of value, while others don’t add as much.
Understanding the home improvements that increase the value of your home is an important part of being a homeowner. In order to determine the value of your home, you must first understand the upgrades you can do to increase it!
1. A Little Paint Goes a Long Way
A simple, yet cost-effective way to increase the value of your home is to spruce it up with a little paint. Sure, those bright colored walls seemed like a good choice for your kid’s room, but will it be appealing to future home buyers? Probably not.
When picking out those new paint colors, keep in mind that the majority of people prefer neutrals when it comes to their homes. A fresh coat of paint has the ability to make even the most outdated room look sleek and clean!
2. Focus on the Kitchen
Among a survey of homebuyers, the kitchen was the top make it or break it feature within a house. But don’t worry, you don’t have to gut your kitchen in order to have a serious impact. Even small updates can go a long way.
Set aside the budget to swap out your old appliances for new, stainless steel items or add a larger sink. Updates like this can add significant appeal and value to the cost of your home.
3. Curb Appeal
The value of your home doesn’t just lie within the four walls. Value comes from the exterior appeal of your home as well. Adding something as simple as a fresh coat of paint can add extra life to your home while also protecting the exterior from harsh weather conditions.
Another good investment is greenery. Adding some flowers or trimming the shrubs draws the eyes of potential buyers to the front of the house where they can see your freshly painted door. Or add lanterns to your walkway to make your home more inviting.
4. No Space, No Problem
The thought of “how to sell my house for cash” might have crossed your mind. Consider this, square footage isn’t the only way to increase the size of your home. Creating visual space allows you to make each room seem larger. This will increase the overall feel of the space of your home.
Clearing out clutter is a huge way to increase how large your house feels. Too much furniture can cause a room to feel smaller. You can also utilize large mirrors throughout rooms that will seem to double the space of the room it’s in.
5. Energy Efficient
These days, millennials that are looking to buy a home focus a lot of their time looking for a place that offers energy efficiency. Many companies will provide free energy audits for your home that will show you ways in which you can cut costs.
Installing LED lights, low-flow showerheads or having a set thermostat are small ways you can save money while increasing the value of your home.
House Upgrades Are Worth the Investment
House upgrades can be expensive, but you can add a lot of value to your home without breaking the bank. Focus on the items that catch sellers’ attention and you’re sure to get the best return on your investment!
Check out the rest of our blog for more tips on how to increase your home’s value.