Homes tend to appreciate over time, as long as you take care of them and keep them in good shape. However, there are some things you can do to your home that can increase their value, and you don’t necessarily have to spend a ton of money on them. Here are four simple ways homeowners can increase their home’s value.
Do a Kitchen or Bath Update
Kitchens and bathrooms are two of the most-used rooms in a house, and they also are the rooms that buyers focus on the most. That’s why it’s important to make periodic improvements to these rooms. You don’t have to break the bank and spend thousands and thousands of dollars. In fact, minor remodels are the ones that tend to add the most value. Some simple things you can do include replacing appliances, replacing a vanity, switching out water and light fixtures and updating your tile and counter tops.
Concentrate on the Exterior
Most people focus on making interior improvements when remodeling their home, but you can actually get the most bang for your buck focusing on the outside. Many of the improvements that have the most return on investment are exterior ones. These include replacing your entry door or garage door, adding or repairing a deck, and sprucing up your landscaping. All of these improvements will be investments that pay back more than they cost to complete, when done correctly.
Doing things to the bones of your house aren’t cheap but they are necessary. Take your roof, for example. People do not want to buy a roof that leaks or has broken shingles. Some companies, such as Select Exteriors, know that if this is the case with your roof, you might consider investing to improve it. The same goes for your home’s foundation. Structural improvements can be expensive, but not doing them when necessary can greatly reduce the value of your home.
Make Energy Improvements
Many of today’s home buyers want an energy-efficient home, so you can boost your home’s value by making some simple energy changes. This can include installing a programmable thermostat and changing to compact fluorescent lights. If you want to make a bigger investment, replacing windows or installing solar panels can be good choices.
Making these and other improvements to your home can greatly increase your home’s value. Some improvements require a big investment, but others do not. Either way, you are likely to recoup most of what you spend on these improvements.