Whether you just bought a house, or you have lived there for a while, the fastest way to increase your home’s value is to make a plan. You will fare better if updates are done on purpose and not impulsively. The money invested in home improvement project goes directly back into the home through increased value.
Top 7 Tips for Increasing Your Home’s Value
1) Simple, routine home maintenance can save you money and increase your home’s value in the long run.
One of the most important things to remember regarding owning a home is that you’re your own landlord. If things malfunction, you are accountable for fixing them. So, a few simple routine maintenance jobs can keep your home fully functional.
2) Landscaping can add as much as 10 to 15 percent of the value of your home.
Add a few trees and shrubs to the landscape and you will not only improve the view, attract birds and wildlife, but also make your home more energy efficient. And it is attractive to potential buyers.
Properly placed deciduous trees (trees that shed their leaves in the fall), can save up to 25 percent on a typical electric bill. These trees provide cooling effects in the hot summertime, and during the cold winter season they block chilling winds, and let the precious sunlight keep your home warm.
3) A shiny coat of paint goes a long way
Spend a day of your time and a few dollars on a new can of paint. Not only this will give your old room a new look, but it will also add value to your home.
Not sure what color to paint? Browse some magazines or watch the many home improvement shows on television. There are good renovation ideas out there that can make a dramatic improvement in your home for little money.
4) Stay educated about the value of your home.
Knowing the current market rates will help you get top dollar for your home at sale time. Keep an eye out for homes that are similar to yours. See the selling prices of homes that have similar models and have the same number of bathrooms and bedrooms, decks and patios, garages and finished basements.
5) Upgrade the kitchen.
According to real estate experts, the number one home upgrade with best returns is the kitchen.
Have a mini-renovation. Change paint, tiles and add a few latest gadgets to add a fresh feel.
6) Get your bathroom beautified
Of all the rooms, bathroom is the workhorse of your home. There’s plenty of wear and tear in bathrooms, so in order to keep it working well and doing good, look for upgrades. Bathrooms are no longer utilitarian. People like to feel relaxed, as they are in a spa.
7) Hire a certified home inspector
You go to the doctor for physical examinations and take the car to the service center. Why not do the same for your house? A home inspection can be a valuable thing, whether you sell or not.
If you are selling, get your own inspector before you decide to put your home on the market. Things like decay and dry rot can spoil your home selling endeavors. If you know about these things in advance, you can look after them ahead of time. If a home examination turns out well, it is likely that buyers will feel good about your home and will not ask for expensive repairs or concessions.