Boosting your home’s value ensures you get the highest possible return on investment if you list it. Learn how to increase your home value here!

When you own a home, chances are that you’d want it one day to be worth more than you paid for it. And while a home’s value can rely on aspects such as location, infrastructure, population growth, or fluctuating market conditions, there are certain things you can do to increase your home value. More so, it’s usually the smallest updates that have the largest impact, so don’t feel as though you need to undertake a full-scale renovation to make a return. Keep reading to learn about the simple, effective ways to boost your home value!

Key Takeaways When Boosting Your Home Value:

• A fresh coat of paint does wonders

• Increase your home’s energy efficiency

• Upgrade your technology

• Give your kitchen an updated look

• Consider home staging

• Add usable home space

• Spruce up your curb appeal

A Fresh Coat of Paint

The old adage holds true: flirting with new paint ideas does wonders! Painting is one of the most affordable and impactful ways to boost your home value. It has the power to transform a property into a crisp, clean home that appeals to a wide range of buyers. Keep in mind that certain paint colors are known to add value, including white, gray, beige, light blue, and greige. That’s because they offer buyers a blank canvas to envision how their decor will look in your home. 

Increase Energy Efficiency

Okay, you may be thinking that adding energy efficiency isn’t the most exciting way to boost your home value. But did you know that over 70% of real estate pros agree that promoting energy efficiency in home listings made the listings more valuable? So, which energy efficiencies should you focus on to add home value? A study has found these environmentally friendly features to be the most crucial ones:

• Heating and cooling expenses (33%)

• Doors, windows, and siding installations (29%)

• Energy-efficient lighting (23%)

• Energy-efficient appliances (21%)

• Landscaping for energy conservation (10%)

• Solar panels installed on a home (3%)

Update Technology

Many homebuyers are today more interested in buying homes that come with gadgets and gizmos. Smart technology not only increases efficiency, but it’s also cost-effective, enhances safety, and gives you peace of mind. Some of the preferred preinstalled technologies buyers prefer include smart thermostats, smart fire detectors, smart carbon monoxide detectors, smart cameras, smart locks, and smart lighting systems. 

Give Your Kitchen an Updated Look

Most homebuyers will zero in on the kitchen as the central feature of the house (it’s where most families spend their time). So, if yours is an outdated one, it can affect how much you garner from the sale. Moreover, if you aren’t able to utilize the kitchen fully due to space, layout, or other issues, you won’t be maximizing your returns. And since a whole kitchen remodel can be costly, you can consider minor remodels, which have huge impacts on your home’s value. For instance, you can add a fresh coat of paint, install modern hardware on the cabinets, and upgrade appliances. 

Home Staging

You can increase your home value by beautifying it. In fact, a recent study has shown that home staging can add to your home value by 1%-10%. That means if your home is worth $400,000, you could boost your home’s value by $4,000-$40,000 if you staged it. That’s because home staging allows buyers to envision themselves living in your house. So, consider adding things like throws, cushions, and rugs to update the look and feel of your home. Upgrade the lampshades and consider some artwork. Rearrange the furniture to ensure each room showcases its functionality, and while you’re at it, declutter and depersonalize the house. 

Add Usable Square Footage

Adding more usable space to an existing house can make a lot of financial sense, and that’s particularly true in areas with limited available real estate where land and space are finite. Houses are priced and valued by the livable square feet they have, and so the more livable square feet, the better. Unfortunately, adding a room can be costly, with the national average cost of building an addition being $49,562, according to HomeAdvisor. The good news is that you can add usable space without building an addition- you can finish and redo the basement and attic. For instance, you can transform the basement into an entertainment room, while the attic can be an extra guest room. 

An Appealing Curb Appeal

The first impression you create can make the difference between a buyer who’ll want to know at your door and offer more and one who’ll simply drive by. One way to create an excellent first impression is your curb appeal. After all, it’s what the buyers will first see. Buyers love an attractively landscaped yard and it won’t take you too much time and money to fix yours. Messy gardens, unmowed lawns, dead plants, branches hanging dangerously from the trees, and boring yards can be a fast turn-off.

Instead, try to invest in new soil rocks, shrubs, ground cover, mulch, and flowers to transform your outdoors, making it appear fresh and inviting. Moreover, mow the lawn, trim the edges, clean the driveway and sidings, and trim bushes and trees. Night lighting can also create a modern, chic look for your garden. Keep in mind that an attractive curb appeal will help boost your home value since buyers can picture themselves spending time outside during the pleasant seasons of the year. In fact, curb appeal can increase your home value by 7%!

Want To Learn More About Boosting Your Home Value? 

Selling your home can be an excellent way to pocket some profits after taking good care of your house as equity grows. And with these simple, effective ways to beautify and update your house, you can push the potential sale price higher. For more information on how to increase your home value and the entire home selling process, call our real estate experts today!