Most people believe that their house is their biggest asset. The value of their home today may have a big difference after five or more years. That’s the reason why a lot of people do renovations to boost their investments. Investing in a home renovation is one way to boost a property’s value. However, some think that renovations are expensive and not worth it.
Home improvements don’t always need to be expensive, long-term building projects. Fortunately, there are ways on how to upgrade your home without breaking the bank. That said, here are seven practical tips that you can put into action right away that will boost the value of your home.
Create Space or Add Square Footage
You can increase your home’s value and transform the atmosphere of a house when you create more space. According to a Vancouver mortgage broker, most buyers right now are into big spaces and bigger homes. This trend usually means higher values for much larger and more spacious homes .
To make your house look bigger, you can add a room or square footage through a family room, second bathroom, or four-season room. Finishing the basement or building a deck is also possible to create additional living space. You can also consider removing the kitchen island or getting rid of a non-structural wall to create a sense of flow in your home.
Make it Low-maintenance
In renovating your home, it’s a good idea to change the vital components of your house such as the roof and the furnace. You can replace it with high quality material that requires little to no maintenance at all. Upgrades that make things easy to clean and maintain will also add significant value to your home.
Photo by Minnetonka Custom Homes, Inc
You may consider getting rid of that easily stained carpet and replace it with hardwood floors for an appealing interior with higher durability and less maintenance. You must put into mind that most buyers will care more about possible repairs and constant maintenance in the future than the whole aesthetic of the property.
Go for Green
Most of the buyers today prefer to buy properties with green utilities. To make your property desirable, consider putting solar panels in your roof and invest in eco-friendly materials for your house. In doing so, you will not just boost the value of your home but also help to save the environment from possible destructions.
Photo by Solaire Energy Systems
Update Your Kitchen
The kitchen is the heart of the home. The functionality of this room is essential for most of the property buyers. To boost your home’s value, you may add new cabinets for more storage and upgrade the lighting fixtures of your kitchen with more efficient and brighter bulbs.
Photo by Edmond Kitchen & Bath LLC
Change the kitchen faucet set if necessary and replace old appliances with new models. You can also resurface your old flooring or replace it with vinyl options or newer tiles. Updating and upgrading your kitchen will add significant value to your home without stressing your bank account and will give you the biggest returns on your investment.
Paint Your Interior
If you want to transform the interior of your house, a paint job is the most cost-effective way to achieve it. Upgrade the beauty of your home by painting it with shades that can also maximize the resale value of your property.
Photo by Jessica Helgerson Interior Design
With that, you can go for calm and neutral colors such as beiges, greys, off-whites, and whites. These shades will let the buyer envision themselves living in the place, and will give them a blank canvas to work with when they want to add their decorations.
Takeaway
Home improvements and updates can make your property sell faster and will increase the resale value of your home. When upgrading your house always look ahead as much as possible.
Invest in things that can be beneficial to your family or to the home buyer. Following the practical tips listed above might give you an idea of where to start your home renovation to increase the value of your property.