As a homeowner, there is always a desire to ensure your property is worth more than what you paid for it. It doesn’t matter whether you are looking to sell or keep your home for the long-term, increasing its value is always a good idea. However, when it comes to renovations and upgrades, it’s important to keep in mind that not all home improvements are created equal. Some upgrades might not give you the desired return on investment, while others can significantly increase home value.
In this article, we’ll discuss the clever ways to increase your home’s value and make it stand out.
Invest in your kitchen:
The kitchen is often considered the heart of the home. It’s the place where you prepare meals, gather with family and entertain guests. If you’re looking to add value to your home, it’s essential to invest in your kitchen. You don’t necessarily have to go all out and create a gourmet kitchen. Simple upgrades like changing your cabinets, countertops, sink and installing energy-efficient appliances can transform the space and make it more functional. Plus, a modern kitchen helps to sell a home quicker.
Add an extra bathroom:
Adding an additional bathroom is one of the most effective ways to add value to your home. Two and three-bathroom homes are more valuable and attractive to buyers than those with only one. It’s a perk for families to have separate bathrooms and can be a significant selling point. You might require professional help to add a bathroom, but it’s a renovation that can fetch a good return on investment.
Declutter and create more space:
Creating more space doesn’t necessarily mean building an extension or knocking down walls. Simple tasks like decluttering your home, installing shelves, and creating storage opportunities can make your home appear more spacious. When there’s less clutter, each room appears bigger. A neat and tidy home helps you achieve a peaceful atmosphere, which is essential to homebuyers. Plus, it’s a cost-effective solution to add value to your home.
Upgrade outdoor spaces:
Curb appeal is significant when it comes to adding value to your home. The exterior of your property is the first thing that potential buyers notice. Upgrading your home’s external spaces can make a massive difference in its perceived value. It doesn’t have to be an elaborate design. A freshly painted front door, a well-maintained yard, and landscaping upkeep can go a long way.
Improve energy efficiency:
Homebuyers actively look for properties that are energy efficient. Upgrading your home’s windows, doors, insulation, and HVAC system are all great ways to make a home more efficient. You don’t just save money on utility bills; you also improve the overall value of your home. It’s a worthwhile investment, and the return on investment could be significant over time.
There you have it, five clever ways to increase your home’s value. It’s essential to remember that home improvements don’t have to be elaborate and expensive. The small changes you make can enhance your home’s value and make it more attractive to buyers. If you’re not looking to sell anytime soon, it’s still worth keeping the tips in mind for the long-term value of your home. Make sure to prioritize the upgrades that are most important for you and your family, and you’re bound to reap the benefits.
Peter Cunha is a broker/salesperson at Real Broker LLC. He has been in the real estate industry for over 10 years, specializing in commercial and residential real estate. He enjoys helping people find their new home whether they are first time homebuyers or savvy investors.
He is one of the biggest and brightest realtors in Middlesex, Monmouth and Ocean County.
Currently living in Lincroft NJ, Peter enjoys spending time with his wife and daughter (Amber and Keira), three dogs (named Twizzler, Batman and Peanut), playing chess; listening to music; watching movies; traveling; enjoying nature walks on beaches or through local parks.