Whether they’re looking to upgrade, downsize, or move to a new neighborhood, many people reach a point in their lives where they begin to consider the possibility of selling their home. But how do you add value to your home? Since we all want to get the most bang for our buck, this stage usually starts with thinking of different ways to increase the value of your home.
The issue is that sometimes you don’t know where to start or what improvements to make since not every upgrade or modification made is guaranteed to increase your home’s value. As real estate experts, we understand the significance of this issue and are here to share everything you need to know about adding the most value to your home.
Let’s get started…
1. Refresh Your Home With New Paint
It may seem like an obvious way to revamp your space, but many people tend to overlook and underestimate the power of a fresh coat of paint. If you’re considering not only refreshing your walls but also trying out new colors, we recommend choosing neutral tones such as white, grey, beige, or lighter shades of blue or green. Subtle colors help create a welcoming space that potential buyers can picture themselves living in without being distracted or deterred by your personal style. This is an easy way to add value to your home fast.
2. Make Your Rooms Appear Larger With Mirrors
The easiest way to add value to your home is to add more space, right? Of course! But building additional space is expensive and takes time! If you’re renovating a smaller house with the intention of making it look bigger, a fantastic way of achieving this is by hanging some mirrors. This is a relatively cheap technique that takes little to no effort, but it can make a huge difference by adding more depth and even brightening up a room.
3. Pay Attention to Your Kitchen and Bathroom
Two of the most important rooms in your home are the kitchen and bathroom. Prospective buyers pay close attention to these two rooms since they are often the most expensive to renovate.
Suppose you don’t have the resources to make a complete renovation of your current kitchen or bathroom. In that case, there are several inexpensive ways to increase your home’s perceived value, such as changing toilet seats and replacing showerheads in your bathroom, or repairing appliances and changing cabinet doors in your kitchen.
4. Remember That First Impressions Matter
Put yourself into the shoes of a prospective buyer and try to visualize visiting a house you’re interested in. The first impression is something that will decide how you perceive the whole home.
The first thing that a prospective buyer will see is your lawn and the front of your home, so be sure to keep it maintained. In some cases, we recommend changing the front door of your home. If the door isn’t in a bad enough condition to warrant replacing it, it may still be beneficial to repaint it to appear more fresh and inviting.
5. Prioritize Curb Appeal With Landscaping
We already mentioned that it’s important to maintain your lawn, but just keeping your grass cut is usually not enough. Landscaping is one of the easiest and most affordable ways to increase your home’s value. Adding a tree, a stone path, or some beautiful flowers to your front yard makes the first impression much better for prospective buyers.
6. Power Wash Your House
Taking the time to deep clean the inside of your house before selling it should be a given, but have you also considered power washing the exterior? You can use a power washer to remove any dirt or grime and boost your home’s curb appeal by keeping it sparkling clean on the outside, too.
Have a Plan in Place to Add Value to Your Home
Please keep in mind that if you plan to renovate your home to sell it for the highest price possible, it’s crucial that you keep track of your finances and create a budget for these improvement costs to ensure that you receive the best return on your investment.
A common mistake that people make is not having the proper discipline to stick to a budget and plan when making improvements to their home. Renovation costs can add up quickly, and if you’re not careful, you can risk wasting a lot of time and money.
While adding value to your home can seem like a difficult and expensive task, there are plenty of simple and affordable ways to get the job done. If you’re interested in learning more, do not hesitate to reach out so that we can help you feel confident about getting the most value for your home.