Even if you’re not looking to sell, it’s important to maintain your home’s value and look for ways to improve it so you can keep up with the housing market.
Simple solutions such as adding modern fixtures and technology, plus creating living and entertaining spaces inside and out, will increase your home’s real estate value and help you build equity over time.
Here are four strategies for increasing your home’s value.
Add square footage
Many buyers in this housing market look at homes in terms of price per square foot. You could add a new room – such as a new home office or sunroom – or you could finish a garage and take advantage of the space you already have.
Although adding a room to your home can increase your home’s value, it can cost a few hundred dollars per square foot. While many updates can be DIY, you should probably consider hiring a contractor if you add to your home’s square footage. Just make sure you do your research and hire someone who’s licensed and insured.
Update appliances and fixtures
Say goodbye to that popcorn ceiling. If your light fixtures, hardware, or front door looks dated, consider updating them to more modern fixtures.
Many buyers are interested in smart technology, such as Wi-Fi-enabled thermostats, voice-controlled lights, and keyless entry. The good news about smart technology is that you can make your house look much more attractive without spending more than $1,000.
Potential buyers also love updates that make their homes more efficient. Those looking to lower their energy consumption will be on the lookout for LED lighting, enhanced insulation, and even solar panels.
Clean up the landscaping
Whether you plant a tree or trim the bushes, having a well-groomed yard can make a big impact on curb appeal. Overgrown grass and weeds can make your home look neglected, so make sure you keep your lawn maintained to increase your home value.
If you don’t have time to keep up a clean landscape, you can consider low-maintenance landscape options (such as rock gardens and succulents) or you can hire a landscaping company.
You should also consider upgrading your outdoor entertainment spaces. Those who enjoy spending time outside will appreciate things like a fire pit, patio, and pool.
Add a fresh coat of paint
Repainting your walls will make the space look brighter and cleaner, which is attractive to potential buyers and can increase your home’s value. Neutral colors are a safe bet and will appeal to most people.
Don’t just think about the inside of your home, either. Repainting the front door will help you make a good first impression.
Next steps after increasing your home’s value
Once you’ve increased the market value of your home, you may be looking to sell or buy a new one. Heights Title has you covered.
Heights Title is dedicated to protecting your purchase and providing the insurance you need to secure the title to your investment.
Get a free quote today to get the process started!