Whether you just bought your home or you have lived there for a long time, the fastest and best way to increase your home's value is by coming up with and executing a plan. You will end up getting better results if your home improvements and upgrades are made intentionally and not simply on impulse. Typically, home improvement projects cost anywhere from 20 to 25 cents on the dollar. Whereas, the other 75 to 80 cents that are spent typically go directly back into the home because of it's increased value. In this article, we will be going over some of the top 10 tips for increasing your home's value.
Our Top 5 Home Improvement Tips:
1. Small Improvements Can Pay Off.
A lot of homeowner's figure that they need to really 'go big' in order to make a dent in their home's value. The truth is, even the smallest improvements are going to end up increasing your home's overall value. These upgrades may include your furniture, window treatments, or even the rugs that you have in your home.
2. Clean Your Home (Inside and Out).
Another thing that you are going to want to do if you are planning on putting your home on the market anytime soon is clean it thoroughly inside and out. If your home is going on the market, a bright and clean looking home is going to end up attracting more buyers than you would ever be able to with a messy one. By making a clean home a priority, you are going to want to be sure that you pay attention to your landscaping to ensure that it looks as good as it can and also the interior of your home. You want to try to get rid of things that you do not need in order to de-clutter your home altogether. Cleaning items include carpet cleaning, tile and grout cleaning and upholstery cleaning (cloth and leather).
3. Upgrade The Kitchen.
One of the most important parts of the home is going to be the kitchen. This is where a lot of prospective buyers spend a majority of their time looking at new homes because it is something that can truly make or break a home. A prospective buyer is going to pay close attention to the kitchen of the prospective home because it is a place where they are going to spend a large portion of their time and it is also an area that can really cost a lot of money to upgrade and/or renovate. Therefore, a completely remodeled and renovated kitchen is going to work like wonders when it comes to increasing your home's value and appeal to prospective buyers. You can do this is many different ways such as investing in brand new appliances and/or simply re-doing everything in your kitchen.
Another thing that you are going to want to focus on when you are attempting to sell a home is the bathrooms inside of your home. This is going to be another one of the rooms that prospective buyers gravitate towards because a good bathroom can really make a place seem better than it would without it. You want to focus on making your bathroom's feel spacious, clean, cozy, and modern. The best way to do this is by replacing your shower/bath, toilet, and faucets. By doing this, you are going to be able to make your bathroom look completely new and re-done and it is going to help increase your home's value tremendously. The fact is, bathroom renovations have around an 85% return on investment. Therefore, you are not really going to lose much money by investing in upgrades and renovations in your bathroom areas. Sometimes, just replacing the shower screen can be trans-formative,
Believe it or not, but your windows play a critical role in determining the overall value of your home. A lot of prospective buyers pay close attention to the windows of a home particularly because they are one of the first things that you see when you are looking at a home. Therefore, it is important to pick out new window treatments such as blinds, shutters and awnings, that you are going to be able to invest in to really further increase the overall value and curb appeal of your entire home.
As you can see, there are plenty of different ways in which you are going to be able to effectively increase your home's value. While a lot of these things are going to involve some kind of investment, you are going to end up getting your money back (and some) once you sell your home. By investing in these upgrades, not only are you going to increase your home's value, but you are also going to be able to effectively increase your home's sale-ability. This is going to help you sell your home as fast as possible which will really benefit you in the long run.