By Uma Cambell:
Whether you are trying to improve the value of your home for the future, to make your home perfect for you, or you are actively trying to sell, there are some surefire ways to make your house more valuable. There are a multitude of ways to increase the value of your house, some more easily done than others. Improvements can cost anywhere from nothing to thousands of dollars— it all depends on what you want to focus on. There are cheap simple ways to add value to your house and there are significantly more expensive and complicated projects. The first step is always the same: make a plan.
Proper planning is very important, as you will reap the most rewards from an improvement that is well planned and researched. As HGTV explains, “Home improvement projects cost about 20 to 25 cents on the dollar. The other 75 to 80 cents spent go directly back into the home through increased value.”
In order to improve your home, you have to know you home. Take a proper inventory of your house, what you like, and what you do not like. If you are staying in your house for the foreseeable future, think of improvements that would make you happy. If you are trying to sell your house, consider talking with a professional to see what their opinion is. A realtor will have the best advice on what you can do to improve your house to sell quickly and for more money. They will often suggest good paint colors, furniture placement and other easy tricks.
Start with a list of things you would like to improve and how much they cost. Start slowly, pick a few projects you want to finish and go from there. However, you must be realistic. A kitchen remodel will take a lot of time and money, whereas painting a single room will be easier. Try not to cram too many large projects in one time period as it would be easy to become overwhelmed both mentally and monetarily. Take the process one room at a time.
Knowing your house also means having it inspected. Not every house needs new paint— sometimes it needs a more structural improvement. Termites, roof damage, outdated electrical systems, and more will massively impact the value of your home. Hire an inspector to discover any issues with your house. Small issues like a water leak can become big expensive issues that will drastically decrease the value of your home. The longer you put off inspecting your house, the potentially larger the issue will become.
Paint is a very simple way to change how a room looks and feels. A new color, or removal of color, can have a big impact on how a room is perceived. In general, neutral colors are the most liked by potential buyers. A gallon of paint will generally run around $25 with drop cloths and brushes being additional. Look into painting your house to quickly improve the value of your home.
The word “renovations” can be big and scary, but it doesn’t have to be. Renovations can be as simple as upgrading fixtures in the bathroom or kitchen or as complicated as reconstructing an entire room. Change the backsplash, redo the wallpaper, or update the lighting, small changes can make a big difference.
Sometimes, just a simple furniture or appliance change is all a room needs. Swapping run down appliances for new stainless steel ones will greatly update the look of a kitchen without putting in too much effort. A new rug and couch will liven up a living room and make the room more attractive overall.
Increasing your home’s value is not as hard as it sounds. First, know your house; have it inspected, and make a list of what you want to change. Plan everything accordingly, then get to work. Paint is one of the easiest ways to improve your house. Renovations don’t have to be the weight of the world; simple fixes go a long way. With these tricks you will be well on your way to a more valuable home.