6 Clever Ways to Increase Your Home’s Property Value
by
Dusty Rhodes
on Feb 25, 2020
in
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Portable Storage
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Real Estate
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Realtors
Whether you’re looking to sell your home or you just want to build some equity, there are plenty of things you can do to increase your home’s value. For most Americans, their home is their most valuable asset so taking care of it and increasing its value should be a top priority. That said, some upgrades will add considerably more value to your home than others, so it’s important to make sure your investment is worthwhile. Consider these clever ideas to increase your home’s property value.
Add Some Smart Technology
If you want to increase the value of your home without investing in a major renovation, then you should consider investing in some smart technology. Technology is advancing every day and today’s homeowner is looking for the efficiency and convenience of this technology in their home. There are plenty of ways to make smart enhancements, such as your thermostat, lighting, keypad door locks, smoke detectors, and security cameras. Smart technology will quickly add value to your home and has even been identified as a top trend in the current real estate market.
Remove Carpet
Modern home buyers are quickly turned off by carpeted floors. A great way to improve the look and value of your home is to replace carpet with hardwood flooring. If you are worried about the cost of authentic hardwood, there are several great alternatives including engineered and laminate, that give the look of hardwood without costing you a fortune.
Resurface Your Kitchen Cabinets
Buyers have always placed a huge emphasis on the kitchen, but it’s even more important with today’s homeowner. A modern and updated kitchen tops the list of most desired home features in recent surveys of millennial buyers. Whether you plan to sell or just want to build equity, your kitchen is the place to improve. If you don’t have the money in your budget to remodel your entire kitchen, you can still upgrade the space by resurfacing your cabinets. Resurfacing can add considerable market value without costing you an arm and a leg.
Replace the Front Door
A beautiful front door boosts curb appeal and instantly adds value to your home. Choose from wood with glass panels or even an ornate steel door to enhance your entryway. Not only does a new front door make your home more appealing, but it increases security as well. Additionally, a steel door can withstand daily wear and tear and is not subject to warping or rotting. On average, there is a 91% ROI with new entry doors.
Improve Your Landscaping
Landscaping is one of the most cost-effective ways to increase your home’s value. Trees, plants, shrubs, and a well-manicured lawn can improve the overall look of the home. However, maintaining this greenery is not always so easy, so adding an irrigation system is another great way to boost your home’s value even more. An irrigation yields an 86% ROI, and is among the top ten most desired features in a home.
Install Recessed Lighting
Want to make those 8-foot ceilings appear taller? Want to make every room in your home look brighter and more expensive? The answer is simple: recessed lighting. Lighting makes a huge difference and can significantly change the overall look of the space. You can make any room appear larger and more beautiful by installing recessed lights. This is a fairly simple project that can increase the value of your home.