When you are looking to sell your home, you want to get as much as possible for it. While you could simply ask for an inflated amount, this could lead to your house remaining on the market for much longer than the average.
Instead, you should find ways to increase the value of your home. If you up the value of your home, it is reasonable to assume that you will be able to sell the home for more money. Unfortunately, not all renovations are created equal. Some will provide a good ROI, while others will simply cost a lot and not give you a lot in return.
Without any further ado, read on to learn a couple of the best home improvements to increase home value.
Make the Home More Energy Efficient
Many modern home buyers want a home that is energy efficient. Not only are they more affordable in terms of utilities, but they also help the environment. As a result, a premier way to add value to your home is to boost how energy efficient it is. There are several different ways you can do this.
One great way is to add efficient appliances to the home. Efficient washing machines, dryers, dishwashers, and fridges can work the same as their traditional counterparts but use much less energy. Another is to add efficient windows that help stop air from escaping and entering the home.
Other things you can do include getting a programmable thermostat, insulate the home better, and add LED light bulbs. Whether you decide to do one of these things, or a few, it can help the home be more efficient and thus valuable to many people.
Small Bathroom and Kitchen Renovations
Two of the best rooms for adding value with renovations are the kitchen and the bathroom. They are rooms that people spend a lot of time in, so it makes sense why they can provide the most value. However, in addition to completely remodeling the space, it is generally a better idea to do small renovations in these rooms.
They can still change how they look and function, but won’t cost an arm and a leg. In the bathroom, consider replacing the vanity, the flooring and the lighting to add a new look, without a huge bill. In the kitchen, adding a colorful backsplash, a new countertop or changing out the cabinet handles can be solid ways to increase value without spending a lot.
Don’t Forget About the Outdoor Space
While focusing on making improvements to the inside of the home is important, don’t forget about the outdoor space. Many families and individuals alike love spending time in their backyard either relaxing, entertaining or playing with their pets.
So when looking for ways to add value to a home, think about how you can improve the yard. You can add new landscaping, add or improve a deck, upgrade the garden, add some new plants or trees or do a variety of other things.
In addition to focusing on the backyard where many families spend a lot of time, you should also focus on the front of the home. The curb appeal of a home can have a big impact on the first impression that a potential buyer has. If the front of your home is clean, looks nice, is well-kept and clear of any debris, it can have a positive effect on the moods of every potential buyer that enters.
In conclusion, doing the right home improvements is a great way for you to increase the value of your home. All of the improvements mentioned can help you sell your home for more, or boost confidence that you are building long-term value.