Presumably, if you want to sell your house, you’ll be looking into ways to add value to your home through remodelling or renovating. Before you start making any alterations to the structure of your home, you’ll need to take some time to effectively plan out your strategy beforehand.
Of course, there are some decisions that will be preferable to others and not every upgrade requires a large financial investment to begin with. However, almost all of them – regardless of size – require patience and accuracy if they are to increase your home’s estimated value.
General Considerations to Keep in Mind
If you aim to increase curb appeal, you may find that your home attracts more buyers. When this happens, just understand that what they are really interested in is the interior of the home and its potential. While any cosmetic upgrades you make will ultimately impact your ROI, that doesn’t mean a $30,000 kitchen renovation will improve the value of a $300,000 home.
In fact, according to the 2013 Houzz and Home survey, there are a few improvements that if implemented correctly are statistically likely to appeal to a broader audience. With that in mind, let’s discuss the easiest ways to increase the value of your property.
1. Remodel the Kitchen or Bathroom
These are the two rooms in the home that affect and determine whether or not a potential buyer will make an offer. Generally speaking, if you are only going to renovate a single room on the property, make sure it is either one of these two rooms – preferably both.
It can be as simple as repainting the walls in a modern color palette, installing new cabinets or retiling the floor – in which case you may require the help of a skilled professional. However, it doesn’t have to be a big undertaking.
2. Add to the Atmosphere With an Accent Wall
In some cases you may not have a lot of room to work with and it might be more important for you to work with what you already have. Specifically, you can turn a wall into a feature or accent wall with a simple splash of color.
Ensure that the color palette you choose compliments the permanents in the room, such as the carpeting, and aim for something that will reduce or eliminate any potential owner’s desire to repaint it.
3. DIY Projects Everyone Can Do
Not everything you need to do to your home involves arduous renovations or remodelling. You can actually carry out a few small DIY home improvement projects using relatively accessible equipment.
These are mainly maintenance-related concerns, but to prospective buyers, any work done to improve fixtures and foundations can have an immediate and positive effect on the home’s value.
4. Incorporate Energy-Efficient Fixtures
Decorative yet functional ceiling fans can be a beautiful thing. The same can be said of lighting fixtures and those final touches that might not seem like much at first, but really help to bring a room together in a modern and sophisticated way.
Upgrading fixtures and installing energy-saving light bulbs – or better still, installing solar power –serves to create a functional aesthetic. It can also reduce bills and will most assuredly increase your property’s value.
5. Low-Maintenance Garden Landscaping
Do not neglect the exterior of your home, as garden maintenance can be a real issue for some. Deciding to implement hardscaping as a way to improve the versatility of your home’s outdoor living areas is a sure-fire way to improve the overall worth of your home.
Thinking green and purchasing native flora is a great way to push the aesthetic – and value – just that little bit further.
Ultimately, everything depends on how much value you’re hoping to add to your home and what budget you have to work with. While this will fluctuate from person to person, undertaking these smaller projects will be well worth your time in addition to being well worth the financial investment.