Increasing the value of your home is practical for not only getting a better return on your investment but also enjoying your home more while you live in it. Regardless of whether you’re looking to sell on a specific date, or simply one day in the future, making upgrades to increase your home’s overall value is never a bad idea. Here are some of the ways you can dramatically increase the value of your home, and improve your chances of a fast sale.
Make Your Home “Green”
Going “green” is all the rage, as there are buyers out there looking specifically for environmentally friendly homes. Homebuyers are looking for homes made with sustainable materials, and improved energy efficiency. From investing in solar panels to implementing a water-saving feature like a low-flow faucet, these green upgrades can make a big difference in the total price you sell your home for.
Expand Your Space
It goes without saying that increasing the square footage of your home can dramatically increase value. Adding an extra bedroom can make your listing not much more attractive. If you’re not looking to go as far as adding an entire room that doesn’t yet exist, you should consider expanding or converting your basement or attic.
Keep Your Home Well Maintained
Regular maintenance is critical for preserving your home’s value. If a buyer looks at your home and sees a significant number of repairs that need to be made, then it’s not going to be as appealing. Make sure that you address all repairs whether minor or major. From roof damage to leaky faucets, a well-maintained home is one that stands out to buyers.
Upgrade Your Kitchen
If there’s one thing that people love, it’s an attractive kitchen. In fact, for most buyers, the kitchen is the make-or-break moment that they decide whether they want to buy a home or not. So, even if your house has flaws, a potential buyer will be much more forgiving if they see that the kitchen is out of this world.
Consider replacing countertops and upgrading fixtures if you hope to be able to raise your asking price. Most buyers who enter a bidding war admit that it was often the kitchen that made them fall in love with the property.
Bathrooms are another big selling point and a way to increase your property’s value. Since it’s such a focal point for potential buyers, you want to make your bathroom as modern and luxurious as possible. In other words, replace those old 70’s tiles with something more current, and focus on the lighting. After all, lighting is everything in a bathroom where you do your primping and preparing.