Easy Ways To Increase Home Value – Written by David McMillin
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Easy Ways To Increase Home Value
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These Are The Best Upgrades For Increasing The Value Of Your Home
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Easy Ways To Increase Your Waterfront Home Value Today!
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The value of your home can go up or down for a number of reasons Some variables are out of your control, such as how hot or not your local housing market is But there may be others, such as strategic range upgrades
Many home improvements can add a significant amount to your home’s value by increasing your equity. While not all of them will pay full value, they will certainly make the home more marketable and of course improve your quality of life while you occupy it.
There are many ways to add value to your home Some DIY tasks are quick and easy Others require an upfront investment and the use of professionals
Easy Ways To Increase Your Property Value Before Selling
To increase the value of your home, start by reducing the amount of stuff in it Cleaning and tidying is a relatively inexpensive task, even in large homes According to HomeAdvisor, a professionally cleaned four-bedroom house averages between $200 and $225.
Of course, you can save money by doing it yourself. Start by making a donation pile through your closets and cabinets. Next, clean out your drawers and other storage areas, making sure you don’t keep anything you don’t need or want.
“Homes are priced and valued in livable square feet, and the more livable square feet, the better,” says Benjamin Ross, a real estate agent and real estate investor based in Corpus Christi, Texas.
Adding a bathroom, great room, or other desirable space adds work and can add value. A separate mother-in-law outfit can also be a smart idea. “Most homes don’t have that feature, so when it comes time to sell, that’s what sets you apart from the competition,” says Ross.
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The cost of an add-on varies, but typically ranges from $22,000 to $82,000, although of course you can easily make six figures depending on the size and nature of the add-on.
Projects that lower utility bills can increase your home’s value Installing a smart thermostat, for example, can help increase efficiency and save money, says Scott Ewald, director of marketing of brands and contents of Trane, an air conditioning company.
“The right smart thermostat will allow the homeowner to control their home’s climate from anywhere, whether they’re sitting on the couch on vacation or turning on the lights to manage energy costs,” says Ewald. “These investments in home technology, especially when connected to HVAC, which is the largest mechanical system in the home, provide a powerful selling point and highlight overall home comfort, functionality, energy efficiency and comfort “.
This quick upgrade can cost anywhere from $175 to $1,000, or an average of $350, according to HomeAdvisor. However, you can make that money back quickly A 2024 report by GreenWave Distribution, a heating systems installer, found that homeowners can save up to a third on their energy bills through simple measures such as proper insulation , air seals and thermostat settings. Combining the three projects can reduce your energy bill by about $234 per year
Wood Renovations To Increase Home Value
Other ways to improve the efficiency and value of your home include replacing old and leaky windows, installing energy efficient appliances and insulating your home.
Start by painting any room with a “weird” color scheme, says personal finance expert and home-flipper Timothy Widman. For example, did you let your 11-year-old daughter paint her bedroom pink 10 years ago? If so, this is a good place to start
According to HomeAdvisor, an interior painting project costs between $970 and $3,000, with a national average of $1,988. Your exact painting budget will depend on the size of the room Home Advisor paints a bathroom, typically the smallest room in the house, costs $150 to $300, while a 330-square-foot living room can cost almost $2,000. On the other hand, an exterior paint job will be expensive. Plus, prices range from $1,810 to $4,505 (the national average is just over $3,000).
If you just want to paint a door or a room, doing it yourself can cost you between $200 and $300. However, for larger jobs, especially exteriors, it can be worth hiring a painter, as professionals can buy paint at wholesale prices, know what types to use, and are more adept at measuring scales.
Easy Diy Projects To Increase The Value Of Your Home
From power washing to lawn mowing, improving your car’s curb appeal can make a big difference in your home’s value.
Updating your landscape can go an especially long way, says Joe Raboin, vice president of design at Oldcastle APG, a manufacturer of outdoor building products. Some ideas: a fresh walkway, shrubs, planters, mulching or a new patio or outdoor kitchen.
“Along with shutter appeal, replacing an old door can do wonders,” says Widman. In the late 1990s, he and his wife replaced an old, ugly door with a solid mahogany door with oval frosted leaded glass. He stained the doors himself to save money, and the results were “simply amazing”.
“Don’t forget the garage door, either,” says Randy Oliver, president of Hollywood-Crawford Door Company. “The front of the house is the first thing you, your neighbors and potential buyers will see,” says Oliver. “The garage