It would help to improve your home’s value when you want to sell it. The higher the market value, the more money you get for the property. So, how do you increase the value of your home? There are several ways to increase the value of your home. A simple change like fixing the fencing or changing the front door goes a long way to improve your house’s outlook and the amount you can get. Below are eight ways to increase your home’s value this year.
Repaint Your Home
Repainting your house is one of the most cost-effective ways to increase your home value. Painting your house improves its outlook and prevents its surfaces from wear and tear. However, you do not need to paint the entire house, especially if your budget does not allow it.
Focus on high-traffic areas like your kitchen and bathrooms. But if you have peeling paint in your living room or the bedroom or dog scratches on your front door, paint them. Also, if the paint on your gate or fence has faded, repaint them. Ensure you choose neutral colors, as they appeal more to different generations.
Replace Worn Out Carpets and Rugs
Examine your home’s flooring to see if your carpets and rugs are worn or stained. If they are, they will give your home a monotonous look, so you must change them. Buyers don’t — except those who love buying historical homes and fixing them up — do not want to move into a house and start fixing the flooring.
If you have a large budget, you can change the entire flooring. But if you have limited funds, replace only the carpets and rugs. Focus on the ones with the most damage.
Update Your Kitchen
The kitchen is the heart of the home, so most people pay close attention to it when shopping for a house. Therefore, you must update your kitchen to maximize your home’s value.
For example, if your kitchen sink is old and outdated, get a new one. You can also replace the microwave, fix broken kitchen cabinets, change the countertop, paint the wall, add racks, etc. Inventory what needs to be changed in your kitchen and work from the most important to the least important.
Upgrade Your Bathroom
The bathroom is one area of your home prone to wear and tear, primarily because of moisture and humidity. As a result, you cannot ignore it just because you want to sell the house. The bathroom fixtures must be functioning well and upgraded with modern hardware.
You don’t have to break the bank to upgrade your bathroom. You can make cost-effective changes, like adding new floor tiles or changing outdated vanity or plumbing. Doing this gives your bathroom a modern look and improves the value of your home.
Carry Out Routine Maintenance and Repairs
If a prospective buyer comes to your house and sees several parts that need repair, they are unlikely to return. This is because no one wants to spend money to buy a home and start conducting repairs immediately. Therefore, you must perform routine maintenance and repairs before listing your house.
If you have a leaking roof or a damaged aluminum railing, repair them. Check your attic for molds if you have one, ensure your HVAC system works, and replace broken light bulbs, dripping taps., etc. You can handle minor repairs if you are handy. Otherwise, outsource it.
Add Usable Square Footage
Today’s house buyers, especially millennials, want homes with adequate living space. An open floor with flexible living space is one of the most desired features. So, to increase your home value this year, add usable square footage to your home.
Homevalautors price it based on its livable square feet. You can convert a basement into an office space or add a bathroom or great room to increase your home’s function and value. However, this improvement costs money, so you may need a loan to get it done. But don’t fret; you can pay it off once you sell the house.
Improve the Curb Appeal
Before buyers enter your home to see how great it looks, they must pass through the curb. So, you cannot ignore it, as improving your curb appeal increases your home’s value. A 2020 study found that curb appeal accounts for 7% of your house’s value.
You can trim overgrown shrubs, create a new walkway, add planters, or build an outdoor deck or patio. You can also add an iron fence to the front path of your house to improve its aesthetics.
Make Your Home Energy Efficient
Finally, your home must be energy efficient to have an increased value. With the high utility bills, selling your home at a high price will be hard if it consumes power. So, if your home is currently not energy-efficient, change it.
For example, you can install a thermostat that allows the buyer to control the house’s climate from anywhere. Also, replace old windows and install energy-efficient appliances. Like adding square footage to your home, getting energy-efficient appliances costs money, but you can factor in the cost in the sale price to recover the amount spent.
This article covered how to improve your home’s value this year. However, not every point shared will apply to you. Therefore, go around your home to note what you need to fix or add, then create a working budget.
You can add ornamental work to your home to increase its value or make your new house more aesthetically appealing. Whatever your need, whether iron doors, iron gates, or railings, our team at Iron Transformation can help. Contact us today for more information.