As home prices continue to increase and inventories start to dwindle, now is a great time to invest in home improvements to increase its value. However, you must identify the right improvements that actually raise your home’s value. You’ll run across plenty of pointless projects that won’t get you anywhere fast. Here are some ways to renovate your home and add to its value.
Creating the perception of extra space in your home is a proven way to increase its value. You do not need to spend thousands of dollars knocking down walls or remodeling rooms to create extra space in your home. You can start by rearranging a crowded room and removing unused items, or you can remove all the junk in your garage. Either way, the only thing these two space-savers cost is a little of your time.
Another way to create space without knocking walls down is to think vertically. Try to design your home with furnishings that take up more height than they do width. The taller your furnishings, the more space you save.
Add a Home Security Package
A Home security package or app will help increase the value of your home. You can even add a security system camera to your current system for more weight. Unfortunately, many people are unaware that a preinstalled system increases their home’s value. Also, you can receive discounts from your insurance company by installing a security system or use an app. A discount in the money you spend on your home always counts as a value added proposition. In addition, a security package will put a potential buyers’ mind at ease and give them more confidence to put in a full-price offer.
Landscaping and Lawn Maintenance
If you have an unkempt lawn and your landscaping is less than desirable, you are hurting your property’s curb appeal. If you currently have your home for sale, curb appeal is one of the first things homebuyers consider. Remember, the first thing people see when they pull up to your house is your landscaping.
If your trees are in desperate need of trimming or weeds have overrun your lawn, you can immediately improve your curb appeal by taking care of the problem yourself. Nip the problem in bud before you wind up spending hundreds of dollars on a landscaping service. As a side note, The Home Appraisal Institute insists that homeowners maintain their lawns and landscaping, which has a significant impact on the value of your home along with your neighbors.
Brighten Your Home
You can enhance your home’s appeal and its value by letting in some light. Dark and dreary homes that feel like a cave have little appeal to most potential homebuyers. When you create the perception of more light in your home, you also create the perception of more space. Add some more light to your home by installing inexpensive tubular daylight devices. You can install them between your ceiling and your roof, and they act as though you have installed mini skylights.
Buff Up Your Kitchen and Bathroom
It is no secret that your bathrooms and kitchen receive the most traffic. Home improvement experts also consider them the most important rooms to renovate. If you cannot spend thousands on new appliances or a full renovation, you can do some simple fixes such as adding a new toilet seat or buffing up the rooms to a clean shine. If you want to spend a little money on your kitchen, install some new knobs on the cabinet doors or add a fresh coat of paint.
It does not cost a fortune to increase the value of your home. Using these simple yet effective renovations will increase the value of your home and give your property a clean, classy, and functional look.