If you’re planning on selling your home in the coming years, now is the perfect time to start making home improvements that will increase the value and demand of your home once it’s on the market. Increasing the market value of your home, however, isn’t just a matter of replacing old appliances or dressing up rooms to look more luxurious. Follow these five expert tips on how to increase your home value without wasting time or money on projects that won’t pay off.
One basic improvement that will almost always pay off is a fresh coat of paint in each room of your home. It isn’t a very costly improvement, and it can both clean up and modernize rooms that are in need of an update.
Remember that your walls make up the majority of what buyers see when they walk through your home. The wall paint makes up the big picture that all of the small details of your home fit in, therefore your paint colors should be chosen to fit the style of the home and the time that we live in.
Avoid colors that are too dark or too blindingly white. If you’re at a loss for which colors you want to use, try out a free color palette creator online to experiment with different schemes.
As a new home buyer approaches your home for the first time their eyes are going to be locked on the door. Take advantage of good first impressions with a quality door. One that compliments the exterior color of your home will do wonders to improve the overall appearance of your home.
Aside from their aesthetic value, doors also provide insulation and security. Choose a door that is EnergyStar certified to keep the heat in, but also make sure it has top rate locking mechanisms so the next family to live in your home feels safe.
Increase storage space
Storage capacity is highly sought after in the house market. No one wants to drive to a storage container just to get their belongings. Having all of your property in one place makes things less complicated. Increasing storage space can seem difficult or impossible, but there are a few tricks that will help convince potential home buyers that they won’t run out of room. Here are four of our favorites:
- Install storage beds in the bedrooms
- Buy a kitchen table with a storage cabinet
- Put a bench in the mudroom that has storage inside
- Install cabinets in your garage or shed to take advantage of unused vertical space
Kitchen and bathroom makeover
Two rooms in your home that will attract the most attention are the kitchen and bathroom(s). The kitchen has endless opportunity for upgrades. Installing a new sink, cabinets, and a hanging pot rack can all give your kitchen a modern makeover.
In the bathroom, surface level upgrades like a new toilet seat and shower curtain and bathroom mirror go a long way. Upgrading an old bathtub, shower head, and toilet are also great ways to increase the value of the room. Keep in mind energy efficiency when purchasing any of these items.
Know the neighborhood
Determining which home improvements will most increase the value of your home is dependent on many factors, including the neighborhood you live in. It is possible to “over-improve” your home to the point where it looks too luxurious next to your neighbors’ homes. Ask the experts–real estate agents and contractors–for advice about improving homes in your neighborhood.