How to increase home value by $100k?
It does not matter if you are going to sell your house in a short time or if you are thinking about the prospects of your home being sold in the future. There are lots of ways that most people adopt to sell their places at better prices.
As it is often reported by real estate professionals, raising the worth of your house is all about certain smart purposeful enhancements that not only improve your way of living but also enhance the appeal of the house to prospective buyers.
This is where we have written an article to cover the potential areas where you can add value to your home from minor and inexpensive fixes to major overhauls that are bound to improve the market values of the residential properties.
Improve the Curb Appeal: The First Impression is the Last Impression
They say, “You never get a second chance to make a first impression.” And when it comes to raising the worth of a house, the first thing they need to think about is the appeal of the house’s exterior. Potential buyers will see the exterior of the house first and a neat, attractive exterior can prepare the potential buyer for the interior of the house.
Simple Curb Appeal Enhancements
Fresh Coat of Paint: A Paint job done on your front door, the shutters as well as the trims will automatically do a facelift on the house. Avoid choosing strange colors or those that are contemporary styles, consider the use of neutral or classic colors that are good for a wider range of buyers.
Landscaping: Clean up the yard by cutting down wild overgrown trees using a lawn mower and planting flowering plants or decorative bushes. It has been observed that well-kept lawns look inviting and enhance the value attached.
Lighting: Exterior features like path and porch lamps add to the aesthetics of your home whilst promoting safety. If putting up a decorative door entry, it is also advisable to consider placing lights within the compound to enhance the appeal of the property when lit.
Driveway and Walkways: Take care of your driveway and pathways. The home may appear to be out of place and this can affect its value if there are extensive cracks on the concrete or the surface has uneven stones. These two will impart a level of finishing to the home.
Change the Kitchen: The Centerpiece of the Dwelling
No wonder that the kitchen plays a central role in every house and healthy prospective buyers will always check it firsthand. This can include even small cosmetic changes in the kitchen.
Kitchen Renovation Ideas:New Cabinets or Hardware: If you are not willing to change your whole cabinetry, perhaps you can paint the old cabinets or simply change the hardware (knobs and pulls) to give them a modern look.
Upgrade Appliances: Modern stainless-steel appliances add beauty and functionality into the kitchen and they readily feature on most home buyer’s lists. You can achieve such an effect by changing old appliances to energy efficient ones which also fit into the design of the kitchen.
Countertops and Backsplashes: One of the most effective strategies to boost home equity is upgrading the kitchen counters. There are countertop surfaces such as granites, quartz, and marbles that are ageless, classy, and strong. Add a new laminate backsplash to step it up even more.
Lighting and Fixtures: Bring the room to life with stylish lamps and light bars, for example, pendant lights fitted above the kitchen table or lights in the drawers and cupboards. It enhances its use, and adds style in the process.
Renovate the Bathroom: A Personal Sanctuary
Other areas are bathrooms and renovation of these spaces has proven to be a big addition to the overall value of the house. In the case of bathrooms, modern home buyers want ones that resemble a personal getaway. Therefore, a simple revitalization of an old ailing bathroom to a contemporary spa styled unit goes a long way in improving your home's value considerably.
Bathroom Remodel Ideas
Modern Fixtures and Faucets: Every bath space uses taps and faucets. This, therefore, means that changing some of these fixtures for more stylish and modern designs will easily transform the look of the bath space. Recommended options include chrome and brushed nickel as they provide an elegant finish.
Upgraded Shower or Tub: On the other hand, the ordinary elongated showerhead can easily be replaced with a much better and bigger shower unit or a plunge pool, both of which will create a plus with regards to comfort. Things to contemplate adding are the likes of rain shower heads, glass screens for the shower units or a stand alone bathtub.
New Tiles: New or improved tile work or flooring can breathe new life into even the most dated washroom. Porcelain and ceramic tiles never go out of style, while the use of natural stones or mosaic tiles can enhance beauty.
Storage Solutions: The addition of storage can comprise floating shelvings, built-in cabinets or a new vanity and these can create improved sense of organization and space in a bathroom.
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Create Open, Airy Spaces: Knock Down a Wall or Two
Another home improvement work that is in great demand today is having all these walls lessened or taken away completely. There is also an increasing number of homeowners who tend to prefer open regions in their dwellings. An efficiently arranged open space does create the impression that the house is bigger, brighter and more pleasant. In the event that your house has small subdivided rooms, knocking down partitions that do not support the house or increasing the size of the doors can create a better flow within the house.
Open Floor Plan Tips
Remove partitions: If the kitchen and the living room are separated by a wall, eliminate the wall to get a layout that is open inviting to guests.
Install Sliding Doors: In smaller homes, pocket doors or sliding doors provide additional space without compromising on privacy, so think about employing those between the living room and dining room, or between the office and the rest of the house.
Widen the opening of the Living Room: If your living room is too little, consider removing or reshuffling walls or furniture that would otherwise enclose it for a more visually generous composition of spaces.
Add Energy Efficient Features: Sustainability Sells
Energy-Saving Upgrades
Go Solar: Approved and compatible solar panel installations can help offset electric bills and improve the marketing price of a house. In most cases, homes with installed solar units tend to be more marketable than those without.
Energy-Efficient Glazing: The replacement of older windows with energy-efficient ones also improves insulation and reduces energy consumption in cooling and heating. And new windows also help modernize a house’s appearance.
Smart Thermostat: A smart thermostat is capable of controlling heating and cooling systems in a way that enhances comfort levels while being energy cost-effective. Many prospective homebuyers fondly think of smart home features.
Insulate and Seal Gaps: Adding insulation in the attic, sealing cracks around the windows and doors, and enhancing the energy efficiency of your home will definitely add value to its design.
Building Out the Basement or Attic: A Worthwhile Addition to the Property
A potential room for expansion, an empty attic or basement is a big loss if the intent is to improve the value of the house. These spaces can be used productively by making them serve their purpose which greatly augments the surface area of the house without the need to extend the perimeters of the house.
Basement And Attic Objectives
Turn It Into A Home Office Or A Gym: Finished basements or attics can have so many uses including home offices, gyms, play rooms or guest accommodation. The addition of these rooms makes the house more extensive than the present floor plan and thus attractive to buyers with different needs.
Install A Bathroom: Consider putting an extra bathroom if the cellar or loft space you have is sufficient in size. This adds comfort and may make the area appealing more so as it being its own unit.
Keep It Simple: Finishing Touches Should Not Be Overdone
It is often the smallest of all things that create the greatest impact. Simple home improvement works on various parts of your house can raise the level of its value without devoting so much money.
Value Enhancing Easy Improvements
Replace Old Light Fixtures: Old and limited lighting refurbishes can dull any room. New light fixtures enhance the brightness and the style of a house.
Reseal: Reseal everything around a bathtub, shower, sink, and even windows to avoid moisture problems as well as keep your house looking quite neat and presentable.
Paint Over Walls: Repainting of the walls with neutral shades would give issue an overall fresh look and make the house tour more spacious and less congested.
Conclusive Thoughts
Strategies and Planning are Necessary in Raising the Value of a House
When it comes to add value to your home, money alone is not the solution—it’s the strategic renovations that one considers to undertake that counts as valuable. Many homeowners tend to concentrate on core areas such as the kitchen and the bathroom or they simply go for the attractiveness of the home’s outside look and energy efficiency, but still, every little improvement that is made will cumulatively result in a higher worth of the house.
Nonetheless, a simple principle applies: improvements should be only those that a reasonably large pool of potential buyers would find attractive, and also they should be affordable. This way, you will improve the usefulness, beauty and environmental friendliness of the house, and the market worth of the house will increase as well, paving the way for success in other plans.
In case you’ve got plans to change residence, do not postpone house improvements in anticipation of selling the property soon; however allow yourself a reasonable period of time to study and prepare for alterations likely to be most profitable. And who knows? Some little smart upgrades might just make a difference between a waiting period and a preferred sale price!
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