The value of a home is dependent on many factors, both inside and outside the owner’s control. Two of the factors that are beyond a homeowner’s control are its location and the demand in that market. However, you can make improvements and repairs to increase the value of your home.
When considering how to increase the value of your home, you should keep your expectations in check. Improvements rarely recover 100 percent of their overall cost, but they help to make your home more welcoming and even make your property sell faster.
Whether you’re looking to build equity or draw in top dollar when it’s time to sell, here are some tips to boost your home value.
Increasing the Value of Your Home
Fresh Coat of Paint
Apply a fresh coat of paint on the walls to make a great first impression. One surefire tip for home renovations on a tight budget is to concentrate on the main living spaces in order to make the most of your painting task.
There are a few things you can do to spruce up your home with a fresh coat of paint:
- Splash neutral colors into the rooms. Neutral colors seem to suit many tastes and can appeal to most prospective homebuyers.
- Match color to the rooms function, splashing natural colors into the bathroom and bedroom, and brighter colors into living spaces and the kitchen.
- Select colors depending on the lighting in the room.
One important thing you need to keep in mind when painting your home is the intended purpose of your renovation. If you want to sell your home, avoid very bright colors, and stick to what is popular in the renting or selling market.
If you’re considering what you should do to brighten the walls, you need to consider floor renovation. The floor is vital to the functionality of each room.
When renovating to boost home value, you should consider floor replacement depending on need since this will be one of the most expensive home improvement projects you will undertake. Here are some of the projects you can consider:
- Replace floorboards or carpets in key living spaces
- Repaint or replace wooden trimming to revive the floor
- Renovate floor tiling in the bathroom
- Revamp planks and brickwork in the outdoor entertainment areas.
- Use a neutral flooring tone in all rooms to ensure uniformity.
Floor renovation depends on your budget, as well as the amount of time available before you lease or sell your home.
Improve Energy Efficiency
When it comes to increasing value, making your home more energy efficient is important. This means adding double glazed windows or insulating your house and replacing the main doors to ensure they are well sealed. It might also mean installing a new HVAC system. Adding a central heating system is recommended, but there are other ways to heat a property that are more energy efficient.
Add double-paned windows, LED lighting improved attic insulation and energy-efficient appliances to boost the value of your home and attract energy-conscious homebuyers. By getting these changes made early, you will reduce your utility costs, and increase the value of your home.
You can even consider adding solar panels to the room. Many realtors believe that solar panels increase perceived home value. Since adding solar panels is a huge structural and financial commitment, they should only be considered if you’re aiming to increase the value of your property over the long term. Contact a certified utility company or energy auditor to determine which updates are ideal for your home.
Safety-improving technologies are one of the most desirable smart home technologies. Therefore, consider adding security cameras, security lighting, smart thermostats, and carbon monoxide detectors. Smart home technologies are cost-effective improvements that will improve your home value. Living in a home with smart home technologies, like Dunearn 386, is a luxury. More and more potential buyers want smart home tech in their new homes. If your home is furnished with smart technologies, you can increase your asking price.
Make It More Spacious-Looking
If your property has some non-structural walls, bring them down. You can even demolish a kitchen island. Cramped and dark rooms are not good for your property. Open up the home to increase natural light. Consider bringing down some walls to open up space. With an open floor strategy, you can make your home feel more spacious and increase its value.
Curved ceilings are another way to make your property feel more extensive. Skylights will also bring in natural light. As you can see, there are several ways of brightening up your home and making it feel more spacious. Get your creative juices flowing and make your home a better one.
Read More: Simple Home Improvements to Make This Year
Improve Air Quality
Air quality is much more than just the state of the atmosphere outside. Obviously, you should consider air fresheners, but if there are any older furniture and carpets, then may be hiding allergens and contaminants. Therefore, the best way to improve the quality of air in your home is to determine if any of these should be replaced.
You can seek the services of a professional company to determine the air quality of your home. If the results actually show that your carpets need to be replaced, go for ecofriendly floor boards and products like laminate floors or tiles. This is because of the fact that such products are easier to maintain, don’t produce odors, give a new look and therefore, are more appealing to prospective homebuyers.
Those are just a few tips on how to improve the value of your property through a home renovation project. Keep in mind that your desire for renovation can be done in major living areas of your home, in order to make the most out of a strict budget. Moreover, you should carry out a home renovation to minimize the utility costs and increase the value of all rooms for better results For more ways to make the best out of your home using smart home improvement strategies, check out this website.