As a homeowner, your home is one of your most significant investments, so you must take good care of it. According to a NerdWallet survey conducted by the Harris Poll, about 60% of homeowners believe that the value of their home will continue to increase over the next ten years.
Homeowners try to increase their home value if either they want to sell it or make the homes more comfortable. A well-maintained home can get you extra dollars if you want to sell it. The following are some tips to help you increase your home value.
- Update the essentials
You should start updating the basics such as the water heater, electrical panel, furnace, etc. If a buyer’s inspection report shows that the furnace is more than 15 years old or the electrical panel is quite old, there’s a high chance that the sale price can be a little less than the price the house would have fetched had you replaced the facilities. If you don’t have plans on selling the house, you can still update the essentials just to make the house more attractive.
- Improve curb appeal
Giving your home an excellent curb appeal can make it look better overall and even attract potential buyers. Improving your home’s curb appeal doesn’t have to be expensive; in fact, it can be even free [DIY]. You can paint or replace the front door, power-wash your siding, paint the siding and window shutters. You can also trim the hedges, clean your gutters, plant flowers in your front yard, improve your lighting, upgrade your mailbox, etc.
- Regular maintenance
Maintenance won’t increase the value of your property, but neglecting it could cause an impact on your property value, or it can make it hard for you to sell it for the price that you are seeking. Ensure that you regularly inspect your air conditioner, roof, gutter, floor, etc. You can hire a roofing expert from Roofing Contractors Denver to inspect your roof and gutters. Maintaining your property regularly can prolong the life of your components, making it cheaper in the long run.
One of the most affordable ways that you can add value to your home is by organizing it. Organizing your space can make a significant difference to potential buyers, and it can also make you feel more comfortable in your home. You can start organizing the rooms that you spend the most time in, and then move to the other rooms if you have time. You can look for permanent storage for things that you don’t use more often. Organize your shoes, clothes, pantry, etc.
This is also one of the least expensive ways to make your home feel larger and boost its value. According to a survey by the National Association of Realtors, 95% of realtors urge homeowners to declutter their homes before listing them. You should remove your personal items such as photos so that the potential buyers can imagine themselves in the house. Remove items in the basement or garage that you no longer use. That’s because potential buyers will look at these areas as well.