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How to Add Value to Your Home

Written by Posted On Friday, 07 June 2019 13:30

Your home is probably your biggest asset, so it’s important to ensure that when you finally do sell it, it fetches as high a price as possible. Maintenance of your home and the rest of your property are essential to preserving the property’s value.

 

There are certain things that can add value to your property. They might require a financial outlay, but it’s often possible to make at least ten times what an upgrade cost when you sell. So, how can you add value to your home? We’ve got ??? ideas for you …

 

Upgrade bathrooms and kitchens

 

For the greatest return on your investment, upgrading kitchens and bathrooms will add the greatest value to your home. Buyers are looking for upgrades in these areas as they’re high-traffic and hold big appeal. That might not mean entirely remodeling your kitchen, for example.

 

Just adding modern granite or concrete surfaces and modern cupboard door handles can work miracles on a tired-looking kitchen, as can a fresh coat of paint. Avoid anything too niche like painting your kitchen bright orange. It might look fabulous, but it’s going to have limited appeal. Stick to neutrals, and keep bathrooms white.

 

Add space

 

Adding square footage to your home is a good way of adding value. Adding an extra bathroom, for example, will add a great deal of both appeal and value to your property. You could also increase your entertainment space by adding a deck.

 

As Royal Decks can tell you, adding decking to your home adds visual appeal as well as significant living space. Decks are modern solutions to outdoor dining, extending your home and adding value to your investment for a reasonable outlay.

 

Adding an extra bedroom can open you up to an entirely new market. Larger properties are usually of higher value, and people seldom buy a home with fewer bedrooms than they need. Most buyers purchase homes with more bedrooms than they require, so an extra bedroom can improve your home’s value.

 

Improve your garden

 

An attractive garden that has been planned for color and interest all year round is best started right after you buy your home. If you’re going to landscape your garden yourself, it’s worth doing some research into how to go about it.

 

As a first step, start off by growing plants and trees native to the area. They will be more weather-resistant and require less water. They will also attract wildlife to your garden, as well as even increase the value of your neighbors’ properties. If you manage to find native fruit or nut trees, all the better for the harvest they will bring in later years.

 

Avoid relying on annual plants which aren’t cost-effective because they need to be replaced regularly. Rather plant perennials native to the area. When planting shrubs, make sure not to plant them too close together.

 

It’s tempting to cram in as many plants as possible so that the garden looks ‘done’ in an instant, but resist the urge to plant them right next to each other.

 

Give them space to grow into. Make sure your driveway and garage are in good condition. Anything that can be seen from the street makes an impression on potential buyers.

 

Just don’t over-capitalize

 

If the total you spend on your home added to the costs of alterations or renovations is higher than what you could sell your house for in the near future, you have over-capitalized.

 

Look at what homes in your area are selling for and plan your improvements accordingly. Don’t turn your house into a multi-roomed mansion if other houses in the vicinity are selling to first-time buyers.


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Velva Dunn

Armed with a college background in Marketing, Finance and Business Administration Velva quickly rose to the ranks of being in the Top 1% of all Realtors Nationally. She has represented clients ranging from first time home buyers and sellers to senior executives within top Forbes companies.  She has been instrumental in developing neighborhoods from selling land/lots to builders and buyers as well as, contributing her expertise and experience to the overall design of many of her clients' custom build homes. 

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