According to a 2018 survey, 70% of Americans consider their homes their biggest asset. Many also consider their houses as an investment. If you are a homeowner who shares this belief, you know how important it is to constantly ensure that your home is well-maintained and in good condition. You also understand that increasing home value is essential if you want to get the most out of your investment.
Adding value to your home will make it more attractive, and it’s something you’ll want to explore if you plan to put it up for sale in the future or if you’re going to use it for additional income. Are there areas of your home that require repair? You should also think about what additions and improvements or upgrades you can do. You can extend your home, fix the roofing, and probably even change the garage door design.
Whether your goal is personal satisfaction or to increase investment chances, there are tips you should consider if you’re serious about adding value to your home.
1. First things first: declutter and clean
Go around your house, starting from your yard or garden, and to the basement or attic (if you have one). As you go along, take note of which areas and fixtures need repair or if there are furnishings that need to be upgraded.
Once you’ve surveyed the whole house, start decluttering and cleaning. Make a list of the things that you feel you don’t need. Put them in one container and decide what you want to do with them. You can give them away to charities, organize a garage sale, or throw them in a junkyard. Leave only the items that you use, those that are essential to you.
Clean every corner, every area of your home.
2. Work on cleaning the exterior parts of your home, too
After cleaning your home, work on the exterior area of your home. Clean, upgrade, and fix whatever needs to be fixed in your yard, garden, balcony or terrace, and garage. Check out if you need to repaint and replace or add outdoor furnishings. You can add an outdoor entertainment area if you want to.
If you don’t have a deck or a terrace, you can add one. Upgrading your garage is also a good idea.
3. Interiors should also be improved or upgraded
The interiors of your home are just as important as the exteriors. Start with the kitchen and the bathrooms. Update your kitchen appliances, and maybe you can also get some new countertops.
For the bathroom, you can fix, improve, and upgrade the features and fixtures, such as the showers, faucets, curtain rods, and the toilet bowl.
When you move on to other parts of the house, pay attention to the flooring, carpets, cabinets, shelves, and bedroom and living room furniture. Replace your carpet with a new one. Change the flooring, or you can simply put fresh paint on it. Your walls can also use some repainting.
Don’t forget your curtains and windows. Your front door is the first thing visitors will notice, so it should be given a good makeover, too.
Pay attention to your lighting fixtures. Are there bulbs that aren’t working? Are the lights in the room enough or too much?
4. Consider conversions and extensions
If you have a cellar or basement or attic, you can convert or extend them to make the areas more functional. Turn the basement and attic into bedrooms or study rooms.
You might want to extend your kitchen, too, especially if it is located near your backyard or garden. Perhaps you can add a connecting terrace or porch. Extensions give an illusion that makes the house look or feel bigger.
Make your house more spacious by knocking down walls that separate your living room, dining room, and kitchen.
5. Embrace technology and smart living
A 2018 study revealed that gadgets such as carbon monoxide detectors, fire alarms or detectors, smart door locks, smart security cameras, smart thermostats, and smart lighting systems attract buyers looking for gadgets that ensure the safety and security of their homes.
Smart devices are easy to install, so you do not have to hire someone to do it for you.
6. Make your home energy efficient
Energy-efficient homes are fascinating and attractive for buyers who recognize the advantages of such an investment. So, if you have energy-efficient features, your home value can significantly increase over time.
Be sure to consider these popular energy-efficient features for your house:
- solar panels
- energy-efficient lighting
- energy saving appliances
- energy-efficient sidings, doors, and windows
Besides knowing what you need to do to increase your home’s value, you should also consider how you can make all these improvements. Come up with a budget and try to figure out ways to match it with all the things you need to accomplish. If finances are a challenge, try to earn extra income by taking on another job. You can also consider applying for a home improvement loan. If another job or getting a loan doesn’t make you feel comfortable, organize a garage sale or flea market, and sell all the items you are replacing.
About the Author
Irene Trentham is the Content Marketing Strategist of Arizona’s Best Garage Door and Repair Company, a locally-owned enterprise that specializes in garage door installation and repair for residents of Phoenix and surrounding areas. She loves to do camping, hiking and yoga and to spend time with her family and baby girl, Tatum when not writing.