5 Things you Can do to Add Value to Your Home
Purchasing or building your dream house is a major achievement in life and being able to add value to your home is huge. However, it is a venture in your financial life, and while you can build up equity in your home with time, there are a few upgrades that can significantly increase the value of your home. So, as a homeowner, you must look for cost-effective and easy ways to increase the value of your home, particularly if you have plans to sell it in the future.
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Here are some things you can do to add value to your home to get a solid return on your investment:
Add energy efficiency
It is vital to note that energy preservation aspects can significantly affect the value of your home, depending on the location of your property. Remember that the current homebuyer tends to be more attracted to environmentally-friendly homes, especially because it helps save them money on utility bills.
So, consider upgrading your home’s appliances like the microwave, furnaces and don’t forget to get energy-efficient equipment that will help lower your utility bills. Also, you can upgrade your thermostat to a smart one that improves energy efficiency; for best results, get a Hornsby Electrician to help you install these features.
Spruce up the landscaping
When it comes to the value of your home, curb appeal plays a significant role. It is your initial opportunity to make a good impression on potential homebuyers. The impression home buyers get from the exterior of your home can be the main difference between them continuing their search and putting a proposal on the home. So, make sure that your bush is well kept and green, spruce up your porch, add fencing and repaint the exterior.
Update your kitchen
Almost all home buyers focus on the kitchen as a central feature in a home. Therefore, if you have an outdated kitchen, know that it will impact the amount your property can garner from a sale. Also, you will not maximise the space in your kitchen if you cannot utilise its layout fully. So, consider updating your kitchen, or if it is too big, consider doing a small remodeling to add your home’s value. Install new kitchen appliances and contemporary hardware on your cabinets.
Upgrade the high demand finishes
If you plan to sell your property in the coming years, upgrading high-demand finishes is crucial. Research the most common upgrades among the current home buyers and make them. This can mean installing quartz kitchen countertops or stainless steel appliances. Avoid spending your money on finishes that won’t attract buyers. Remember that these small upgrades can also help keep the upgrade costs small.
Add more space
Do you know that bigger homes tend to sell faster than small homes, especially for homebuyers with big families? Extra square footage in your home can have a major impact on the ultimate value. So, consider adding a room or creating an extra living space by incorporating a deck or finishing the basement.
The above changes will not only add value to your home but also increase its comfort. Remember that a property that adds value over time can offer huge financial support when you are ready to move or sell it. So, remodel your bathroom, spruce up your landscaping, add more space, and make it energy efficient.
Looking how to save money by doing some minor DIY repairs yourself, check this out.