Looking to skyrocket your home value? Whether you’re planning to sell in the near future or not, there are certain upgrades you can make to your home that will result in a higher selling price – and sometimes, they don’t even require a lot of work or money!
Here are 14 home upgrades that will skyrocket your home value.
Upgrade Your Kitchen
A kitchen remodel is one of the most surefire ways to increase your home’s value. Invest in high-end appliances, modern countertops, and stylish cabinets to give it a contemporary look. For example, you might want to consider purchasing energy-efficient appliances, which are highly sought after by potential buyers. These include refrigerator, range, dishwasher and microwave.
Upgrade Your Bathroom
Like the kitchen, a bathroom upgrade can make a huge difference when it comes to increasing your home’s value. Upgrade fixtures, add countertop space and vanity lighting, and consider installing heated floors if you have the budget! For example, you might want to install dual sinks, which are highly sought after by potential buyers.
Add a Pool or Hot Tub
If you have the space, consider adding a pool or hot tub to your home. Not only do these features add entertainment value and luxury, they can also increase your property value by as much as 10 to 20 percent! For example, installing a Fibreglass Plunge Pool will add a luxurious touch to your backyard, while also making it more appealing to potential buyers.
Install Hardwood Floors
Hardwood floors are a classic choice that can instantly make any room look more elegant and chic. They’re also very durable, so they’ll last for many years with minimal maintenance. Furthermore, hardwood floors can raise the appraised value of your home by up to 5 percent! For example, if you install real hardwood floors, they’ll last much longer than laminate or vinyl flooring.
Add Crown Molding
Crown molding is a great way to make any room look more sophisticated and polished. Not only will it add a touch of elegance, but it can also boost your home’s appraised value by up to 3 percent! For example, you might want to consider installing wainscoting along baseboard or door frames for an added dose of sophistication.
Install Energy-Efficient Windows
Installing energy-efficient windows will help reduce energy costs and provide better insulation for the house. This is an especially good idea in homes that are older and lack proper insulation. For example, you might want to consider installing triple-pane windows, which are designed to reduce heat transfer and provide better insulation.
Upgrade Your Deck or Patio
Adding a deck or patio will increase your outdoor living space and make your home more inviting. Plus, they can add as much as 4 percent to the appraised value of your home! For example, many potential buyers are looking for homes that have an outdoor entertaining area with plenty of room for family gatherings and socializing.
Add Built-In Storage Solutions
Built-in storage solutions can make any room look more organized and stylish. Not only do they add versatility, but they also help keep clutter at bay – making them highly sought after by potential buyers. For example, you might want to consider installing built-in cabinets and shelving in the living room or bedroom for a modern look.
Update Your Lighting Fixtures
Lighting fixtures can make a big difference in any room – they can brighten up the space and give it an entirely new feel. Consider updating existing fixtures with more stylish (and energy-efficient) options that fit your home’s aesthetic. For example, you might want to replace old halogen bulbs with LED lighting. Not only will this be more cost effective, but it’ll also add a touch of modernity to your home.
Paint the Exterior
Painting the exterior of your home is one of the quickest and most cost effective ways to add value. Choose a color scheme that complements the style and architecture of your home, and consider opting for a more neutral shade if it’s an older house. For example, you might want to opt for light shades like beige or gray – these colors are timeless and will make your home look fresher and more inviting.
Add Landscaping
Adding landscaping can help boost curb appeal and make any home look more inviting. Consider planting trees, shrubs, flowers, or even vegetables – all of which will make your property look more attractive (and valuable). For example, adding trees can provide shade in hot summer months as well as add privacy from nosy neighbors. Plus, they’ll also help improve the air quality in your area!
Replace Your Front Door
Replacing your front door is a great way to add value to your home. Not only will a new door add visual appeal, but it can also provide better insulation and security for your property. For example, you might want to consider installing a steel or fiberglass door – both of which are strong and energy-efficient options. Plus, they’re available in a variety of colors and styles so you can customize your front entrance to match the rest of your home.
Add Smart Home Technology
Adding smart home technology is another great way to increase the value of your property. Automating lights and thermostats is an easy way to make any home more efficient while adding convenience for potential buyers. Plus, it may even qualify you for tax credits! For example, installing a programmable thermostat can help regulate the temperature in your home and reduce energy costs.
Repair or Replace Your Roof
If you’re looking to increase the value of your home, it’s important to make sure that your roof is in good condition. Repairing or replacing a damaged roof will not only protect your property from weather damage but also make it more attractive for potential buyers. Plus, if you choose eco-friendly materials like metal or solar panels, you may even qualify for additional tax credits.
Photo by Ibrahim Rifath on Unsplash
Overall, there are many different ways that you can increase the value of your home without breaking the bank. From making small repairs and updates to investing in smart technology and energy efficiency improvements, there are plenty of options available to help you maximize your returns when selling or renting your property. By taking the time to make these investments now, you can ensure that your home will remain valuable for years to come.
