7 House Updates That Are Guaranteed To Increase Your Home’s Value
If you are a homeowner in search of increasing the value of your property and your home equity, you are in the right place!
Improving your home through renovations and remodeling is a sure-shot way of improving its resale value and enhancing your personal wealth and asset portfolio. However, it is important to ensure that you maximize your return on investment and get a net profit after spending your hard-earned money.
In this article, we have included some of the most sought-after real estate upgrades that can help skyrocket your home value and ensure that you get the best bang for your buck.
1. Make Outdoor Cleaning Easier
If you happen to notice your walls and windows suffering from constant rot or water seepage following heavy rain, it may be time to upgrade your outdoor gutters to something more durable and sustainable.
An efficient and state-of-the-art gutter installation can prevent home decay from mold and water damage and strengthen your home’s structural foundation, thereby increasing its overall worth and value in the long term.
Ideally, you should opt for a professional services company with licensed contractors to provide you with a gutter system as per your home’s exact measurements, dimensions, and architecture style.
2. Refine Home Interior Finishings
A great way to increase your home value is by updating the interior finishings around the house. This can range from replacing door knobs and handles to updating light fixtures around the house.
For instance, you can opt for a luxury marble table such as a console, dining table, or coffee table that complements your existing decor for a practical yet elegant addition to your interior finishings. Similarly, if your house is largely carpeted, you may want to invest in hardwood floors, which doesn’t only look beautiful and modern but also increases home value by 3-5%.
Refining your home’s interior finishings is all about paying attention to details and enhancing the overall look of your home by focusing on both functionality and aesthetics.
3. Focus on Landscaping
Landscaping is all about focusing on the curb appeal of your home and making it stand out in your neighborhood. You can even increase your home’s value by ensuring an ROI of at least 150%.
The first step is to ensure that you have a well-maintained garden. You can do this by planting trees, trimming shrubs and bushes, and installing an automatic irrigation system. If you don’t have time to maintain a garden, consider opting for an artificial lawn, which can last you at least 15-20 years.
You can also accentuate the entire look of your house by making a stone or wood walkway leading up to the front door and installing pathway accent lights along the way.
4. Create An Outdoor Garden Deck
One way to increase your home value is by increasing the per foot built area of the house by building an outdoor garden deck.
For instance, you can consider creating an outdoor dining and lounging area by using upcycled wood or other materials that are sustainable and moisture-resistant. Similarly, you can consider constructing a pergola to add a mystical and charming vibe to your home or install an outdoor fire pit for a romantic ambiance.
Alternatively, if you have enough space, consider installing a swimming pool and decking it with the rest of your house. This way, you can increase the total build area and easily add other features such as an outdoor jacuzzi, changing rooms, outdoor showers, and a pool shed.
5. Make Your House Smart And Energy Efficient
In a world that is moving towards sustainable energy options, you will greatly benefit from investing in appliances and other features that focus on conserving energy.
Start by replacing old washing machines or microwaves with more energy-efficient options on the market. Additionally, you can install a heating, ventilation, and air conditioning, or HVAC, system to reduce energy bills and choose LED light bulbs and dimmers to cut down on potential energy wastage. This is not only great from a long-term financial perspective but is also environmentally friendly.
You can also opt for smart home services such as home security systems with cameras or smart smoke detectors.
6. Utilize And Transform Unused Space
In case you have unused space, such as a vacant room, it might be a good idea to utilize it and transform it into something productive.
For example, since many people are working from home, you can consider creating a home office space. Alternatively, you can even turn this room into a gym, a yoga studio, or a library so that you always have an intimate place in the house to relax and unwind.
By ensuring that all the rooms in your house serve a practical purpose, you can increase the number of functional spaces in your room and enhance your home value.
7. Conduct Regular Maintenance
It is important that you also pay attention to regular maintenance needs and requirements to ensure that your home is always up to code.
This includes annual maintenance checks by touching up exterior paintwork, ensuring that vents are not blocked, inspecting electrical wires, replacing old windows, polishing any wooden materials, checking the roof for any damage, and repairing any damage around the house.
Parting Thoughts – Increase Your Home’s Value
Upgrading, renovating, and remodeling your home is an exciting process that requires meticulous planning and smart financial investment. Just make sure you take your time to assess the needs and requirements of your home so that you can make optimal investment decisions.
We wish you the best with your home upgrade journey!