Homeowners often look for ways to increase the value of their home. This can be done through renovations or upgrades, adding square footage, or even making simple changes to the curb appeal of a home.
These changes are affordable and can boost your home’s resale value. The best way to start is by decluttering and cleaning your entire home, room-by-room.
1. Upgrade Your Appliances
Many people choose to upgrade their appliances because they want to improve the look of their home, and this is often a good investment. In California, new home warranty manufacturers may include new kitchen appliances for coverage under the warranty.
Energy-efficient upgrades are also a popular choice for homeowners, as they can help lower utility bills. These projects can increase your home’s value, and they can also be a great selling point for potential buyers.
Other upgrades that can add value include stainless steel appliances and smart devices. Be sure to consult a real estate agent for more information about what improvements are best for your home.
2. Upgrade Your Cabinetry
A gorgeous kitchen is one of the biggest selling points for homes. Prospective buyers zero in on it, and if yours isn’t up to par, offers may stall or even die completely.
Repainting your cabinets is an inexpensive but transformative upgrade that could significantly increase your home value. It’s a quick project that you can complete on your own and is a great way to refresh your home’s look before listing it on the market.
Replacing old or dated countertops is another kitchen update that could greatly increase your home’s value. Replacing bright laminate styles with sleek quartz or granite countertops will add a luxury feel that will appeal to potential buyers.
3. Renovate Your Bathrooms and Kitchen
In general, kitchen and bathroom upgrades are among the best ways to add value to your home. Upgrading outdated kitchens and bathrooms typically offers the highest return on investment, as potential buyers tend to appreciate updated appliances, fixtures and countertops.
However, be careful not to go overboard with your renovations. Not all buyers will appreciate expensive materials like marble counters and stone floors, so consider your options carefully before you grab your hammer.
Additionally, consider energy-efficient updates to your home’s plumbing and lighting. Installing low-flow fixtures in your bathrooms and energy-efficient kitchen appliances can help lower utility bills and add to your home’s green appeal.
4. Upgrade Your Lighting
Homeowners often try to add value to their homes with giant landscaping projects or an in-ground pool, but these types of upgrades don’t always pay off when it comes time to sell. However, lighting changes are a great way to boost your home’s value and can cost as little as $30.
Changing out outdated light fixtures is a simple way to give each room a fresh look. Also consider installing recessed lights, which can modernize any space. Additionally, potential buyers will appreciate energy-efficient features since they can reduce their utility bills.
5. Add a Deck or Patio
A nice deck or patio can be a great selling point for your home. In fact, according to a recent survey by Rocket Homes, adding a deck can increase your home value by up to $20,000.
Decks and patios also offer privacy, which can be beneficial for homeowners with kids or pets. Plus, they provide shade and shelter from the sun.
If you’re planning on installing a new deck or patio, consider using eco-friendly materials. This will appeal to future home buyers who may be interested in green living.
6. Add a Garage
A garage is a great way to increase your home’s value. According to some studies, homes without a garage can lose up to 13% of their value when compared to similar houses with a garage.
Buyers appreciate a garage because it adds extra square footage to the home. Additionally, it can be used as a workshop or spare room. These types of flex spaces are increasingly attractive to buyers as people shift their lifestyles and work practices away from the office. However, many experts recommend avoiding converting your garage into living space because it may lower your home’s value when you sell.
7. Add a Deck or Patio
A deck is a great way to increase home value, especially in warm-weather climates. It offers a space to eat, cook or lounge outdoors. Plus, it can be built to accommodate a hot tub or other outdoor entertainment features.
Decks made from natural materials like reclaimed wood and recycled plastic are also in demand. Eco-friendly living is on the rise, and future homebuyers will appreciate your efforts to save the planet.
Keep in mind, though, that your property taxes will increase when you add a deck or patio. It’s important to weigh this cost against the resale value you’ll get once you sell your home.