Whether you’re intending to sell your home in the near future or if you’re only looking to make it a more valuable investment for the present, there are steps you can take to increase your home’s value. Some are small; some take more work. But they can all give your home a boost and make it a more comfortable place to live in the process.
First, consider upgrading your home’s systems. This might mean installing a new HVAC if your older heating and cooling systems aren’t as efficient as they should be. You could have your electrical and plumbing systems inspected, too, so that you know what needs to be fixed or replaced. If you water isn’t the greatest, consider a whole house water filter to improve water quality and get rid of stubborn minerals and chemicals. You might even choose to invest in an air filtration system, especially if you or family members have allergies.
Remodel the Kitchen
A remodeled kitchen nearly always increases a home’s value, but be aware that it can be expensive. So set a budget, and stick to it. If you can’t afford to do the whole kitchen right away, start by refacing the cabinets or upgrading countertops. Later you can install new light fixtures, switch out your flooring and choose new appliances. Working in parts like this will spread out costs over time and make them more manageable. Just be sure to work off a united design plan so that everything turns out looking great in the end.
Better bathrooms, too, can go a long way to improving your home’s worth. There are plenty of options here. You could choose a new shower or bathtub, especially if your old one is rather dingy. A new vanity and mirror can freshen up the room’s look, as can new tile. If you can afford it, you might give at least one bathroom a complete facelift to make it fully luxurious. That will definitely make your home’s appraisal rise along with your own level of comfort and satisfaction.
Spruce Up Your Yard
Your outdoor space can also add value to your home, so spruce up your yard. This might mean a simple cleanup and landscaping job, or you could do more and plant flowers, bushes and trees. Make a play area for the kids, too, or a cozy nook with a bench and small table for you. Also think about extending your patio if you already have one or building one if you don’t. Create a cozy seating area, and designate a place for your grill (or even an outdoor kitchen).
Finish the Basement
If your home has a basement, finishing at least part of it can give your home’s value a significant boost. A finished basement can serve as a family room or hobby space, but you could also create a bedroom or two, put in a bathroom or set aside part as a media room. The possibilities are endless, but don’t break the bank on this one. Work with a contractor so that you can get a solid estimate on any project before you start. As in your kitchen, you might have to finish your basement in sections. Whatever you do, though, will give your family more room to spread out.
Add On More Space
Perhaps not having enough room in your home is one of your biggest gripes. You can fix that by adding on more space to your small house. Again, this is a major project, so plan carefully, and make sure you can afford it. You could build a new master suite, create a beautiful sun room or convert your garage into more space (and build a new garage elsewhere on your property). This will definitely add value as well as space to your house.
Even if you aren’t planning to sell your house any time soon, you might still consider one of these projects to boost value, add equity and give your family all the more enjoyment in your private sanctuary, namely, your home.