If you’re wondering how to increase the value of your home, you’ve come to the right place. There are many factors, such as the location of your home, neighborhood you live in and school district that mean your home value will always stay within a particular range. However, there is the potential to move from the bottom or middle of this range to the very top, to significantly increase home value, in some cases up to 35%.

 

How to Increase the Value of Your Home

There are a few key ways to increase the value of your home. If you’re unsure of what route to take, consider the following options.

  1. Remodeling: Remodeling is a popular way to increase home value.
  2. Save on Expenses: Make your home more energy efficient to increase home value.
  3. Take Care of Maintenance: Keep up with maintenance to prevent a decrease in home value long term.
  4. Make your Home Bigger and Better: Think home addition or improve your floor plan to increase home value.

 

Best Ways to increase Home Value

 

Paint your Home

Simply painting your home remains one of the very best ways to increase home value. With little investment, you can paint over shades that are unlikely to appeal to potential buyers, make your home lighter, brighter, and appear more spacious, and give it that irresistible freshly painted look. Don’t forget that painting the outside of your home will also increase curb appeal. Remember, first impressions matter. Painting your front door is perhaps the easiest home improvement task with the highest return on investment.

 

Insulation and Energy Savings

Making your home more energy efficient is a great way to increase home value and appeal to environmentally conscious buyers. Saving energy is particularly important to older buyers, and millennials. If millennials are viewing your home expect plenty of questions about the windows, attic insulation and more. Consider the following:

  • Installing solar panels
  • Updating to high efficiency windows and doors
  • Improving the insulation in your attic/ roof
  • Upgrading to a tankless water heater

 

Maintenance, Roofing and More

Keep on top of maintenance projects year round – if something breaks, get it fixed. Be sure to take care of projects that will scare away potential buyers. If you’re in need of a new roof, or there’s an issue with your foundation, these problems will greatly reduce the amount buyers are willing to pay for your home. Consequently, solving these problems will increase home value, or make your home more likely to sell.

home with two patiosEnsure your roof and other structural aspects of your home are sound

Home Improvements that Add Value

You might be wondering what home improvements increase home value the most, and you’d be correct to do so, because some certainly do tend to add more value than others.

 

Remodel the Kitchen

The kitchen is often the go-to space to remodel with a history of being the most popular and important room for winning hearts and minds when it comes to buying a home and increasing home value. This remains true, as millennials continue to place importance on kitchen space when viewing properties. Stainless steel and quartz countertops are some commonly preferred trends.

Remodeling your kitchen may sound like an expensive way to boost property value, but new flooring, cabinets and appliances can go a long way to making your kitchen appear new, at a cost of as little as $5000.

Remodeled white modern kitchenA newly remodeled kitchen can increase home value

Make Your Home Accessible

This is a niche suggestion that might be beneficial to anyone that wants to increase home value and is most likely to sell their home to retired buyers. If you’re looking to sell your home and make it more appealing to this demographic, make updates that mean it is ideal for ageing in place. Some of these changes will be more difficult to make than others, depending on the space you have available, width of your hallways and size of bathrooms, among other factors. Even if you can’t afford to make your home fully accessible, making basic changes that would meet the needs of many residents can give your home the edge over another if your home is in a popular spot for retirees.

 

Increase Your Square Footage

Adding a home addition, changing the layout of your home to increase usable square footage, or increasing the living space with a finished basement are all great ways to increase the amount of space your home has to offer and increase home value. A larger home will often call for a higher asking price.

 

Contact Reliable Home Improvement

We can help you assess how to improve your home and take on any remodeling challenge from start to finish. Contact Reliable Home Improvement today to start working on home improvements to increase home value.

 

Contact Reliable Home Improvement