If you’re wondering how to increase the property value of your home, there are many ways to improve it. These can include remodelling your kitchen and bathroom, adding extra rooms, and painting. Making small, cost-effective changes to your home can boost its value significantly, and they can even be done with a home equity loan. Listed below are some ideas for making a home more attractive to potential buyers. And don’t forget to make your living space more comfortable – these are just some of the inexpensive ways to boost your home’s value.
Making small, cost-effective changes to your living space
Whether you’re selling your home to resell it, or simply want to sell for more money, making small changes to your living space can increase its value significantly. If you’re planning to sell your home in the near future, you may want to consider making a few minor changes, such as adding a new coat of paint or installing new lighting. Other home improvements include installing energy-efficient lighting and improving landscaping. Planting trees can improve the visual appeal of your property and help you cut down on the cost of air conditioning.
Remodeling your kitchen and bathroom
While many homeowners think that kitchen and bathroom upgrades are not worth the money, these two areas can add up to 10% to the overall value of a home. Not only that, but these areas are among the most used and utilitarian parts of a home. Therefore, their functionality and appearance play a huge part in determining how buyers perceive a home and how much they are willing to pay.
Adding rooms to your home
Adding a new room to your home can be a great way to increase its value. Finished rooms in additions add 60 to 80 percent more value to your home, depending on the location. Consider what buyers in your area want in an addition. A master bedroom with an ensuite bathroom and good closet space is a great way to impress home buyers and increase the value of your home. Not only does it add square footage to your home, but it creates a relaxing space.
Painting
Whether you are selling your house or are planning to move, painting your home is an effective way to increase its property value. Whether you want to make a quick update or add an elegant new coat of paint, painting your home is a good idea. It can be a low-cost, quick fix that can increase the property value of your home by 5%. Before you begin painting your home, consider what areas will be most visible to visitors and decide which color is best for those areas. If you’re painting the exterior of your home, choose a satin or eggshell finish because these areas tend to show the most wear and tear.
Adding square footage
Adding square footage to your home is an excellent way to increase its value. Many people believe that a larger house will be more valuable. However, the truth is that a smaller home often isn’t considered as desirable. That’s why it’s important to add extra square footage, whether it’s by finishing a basement or building a deck or converting an attic.