With almost seven million homes being sold in 2021, you too might be looking at selling your home in the future. If you are planning on selling your home, then you want to make sure you are aware of how to increase its value so that you can earn the most amount of money after you sell it. We have put together the guide below to share our top tips to increase the value of your house.
Keep reading to check out what these tips are, so that you too can raise your home’s value as much as possible.
Paint
Invest money in new paint so that you can give every room in your home a makeover. Freshly painted rooms will look updated and clean. Make sure you opt for more neutral colors because this will appeal to a larger group of people making your home more desirable.
With a gallon of paint costing around $25, you will have plenty of money left to spend on drop cloths, brushes, tape, and rollers.
Luxurious Touches Indoors
Another way to increase the value of your home is by adding luxurious touches that you usually only see in million-dollar homes or beautiful commercial businesses. With beautiful indoor water features you can really turn the heads of potential buyers walking around your home when you are showing it. You can opt for a wall water fountain or one that stands alone on the floor.
The options are endless, and you can really scream luxury with the right fountain.
Upgrade Appliances
When the time comes to sell, you want to consider upgrading your appliances and preferably opting for energy-efficient appliances. As an added bonus this will help reduce your own utility bills while you own the home. It will offer your buyers more appeal because they won’t have to worry about using old appliances that just guzzle up energy and bring up utility bills.
Declutter and Clean
Doing both of these tasks won’t really cost you much except for your time. Go through all of your cabinets and closets and get rid of items you haven’t used in over a year. The chances of using an item after going a year without using it are pretty slim.
Take the time to clean out your drawers and any storage areas you have. If you prefer to have someone else do this, then you can call in the pros to clean up your home for you. Having a clean and decluttered home when people are taking a tour of your home will make your house more attractive to potential buyers.
Curb Appeal
The first impression people will get when they walk up to your front door is based on what they see outside. Start by pressure washing your driveway, cleaning all of your windows outside, and making sure your lawn is well-kept and cut.
We recommend adding inexpensive plants such as shrubs, bushes, and planters. Also, new mulch can make a big difference because the color will be vibrant. Taking your curb appeal seriously can increase your home’s value by as much as 7%.
Finishes
Another way to increase the value of your home is by replacing all of your old light fixtures with modern, trendy pieces. Take the time out to see what is trending in the housing market before shopping for new fixtures. The great thing is that changing all of your light fixtures will not break the bank, but it will make a big impact on potential buyers.
Put Money Into Your Bathroom and Kitchen
The two rooms that will give you the most return on your money are the bathroom and kitchen. Sometimes bathroom and kitchen remodels will offer a 100% or even greater return on your investment. If you have room in the budget to remodel these areas, we highly recommend doing so.
To make the most money on your investment, you can do some of the work yourself if you have the expertise to do the labor.
If you really don’t have the money to spend on both rooms, then you can make smaller bathroom updates that will visually please the eyes. Change all the cabinet knobs, and the faucet, and maybe change out the backsplash for something newer. If your budget allows a bit more wiggle room, you can spend money on replacing your vanity if it’s outdated.
Finish Unfinished Spaces
If you have a basement and any other unfinished spaces, take the time to finish these areas. The reason you want to finish these areas is that finished square footage is important when you are determining your home’s fair market value.
You don’t have to go all out and spend a ton of money you can simply put up drywall and add carpet or flooring to the unfinished spaces so that it adds more square footage to the house.
Goodbye Worn Carpets
If your home has carpeting in any of the rooms, it’s time to take a deep look to see their condition. If you see stains on certain spots or worn-out areas, then you need to replace them with new carpet or change out to something like luxury vinyl flooring. This expense will pay itself back when you sell your home because potential buyers are always turned off by the thought of having to replace the flooring as soon as they move in.
The average home buyer doesn’t really want to remodel anything for a while. They want to simply move in and enjoy their new home.
Ready to Increase Your Home’s Value?
Now that you have learned how you can increase the value of your home, it is time to pick and choose the best options for your own home from our list above. The best options to choose are the home improvements that will increase your home value while at the same time allowing you to recoup most of the money you put into those renovations.
Keep reading this section because we have more tips to help you with all things home.
