If you’ve ever thought about selling your home or the value of your property, you’ve probably also thought about ways that you could increase the valuation of your house and the land it sits on. While this can get pretty expensive quickly, there are ways that you can make a difference – sometimes a big one – without spending a ton of money. Keep reading for some simple and cost-effective ways to increase the price of your home.
Adding to Your Home’s Value
Here are some simple and cost-effective ways to increase the value of your home.
Landscaping – While you might think this is expensive, you don’t really need to spend a lot of money if you know what you’re doing. Sometimes just painting a fence and adding a small bush or two can really make a difference. This isn’t going to increase the value of your home a lot, but the better curb appeal will make it more appealing to potential buyers.
Make all Repairs – Whether it’s something small – a squeaky hinge – or something more serious – a leaky roof – taking the time to make a list of everything that needs fixed and getting it done can go a long way in helping improve the value of your home. People buying a home don’t want to worry about anything when they move in. Well, not most of them – the ones that will pay the most money for your home.
Make Modifications – If you can convert a bare basement into a finished family room or rec room, this can be considered adding more living space to the home. This can have a dramatic effect on the value of your home. This is going to cost money, of course, but if you plan it well the value increase is going to be more than what you spend.
Energy Efficiency – If there’s a way you can make your house more green friendly or have a smaller carbon footprint, the value is going to increase considerably. This can be something like changing to a new furnace that’s energy efficient or going with a tankless water heater. These relatively small changes can increase your home’s value when you put it on the market.
In the meantime, any work that you do to the interior or exterior of the house has the chance to increase the long term value considerably. This is why so many people take an interest in making their home look better – at least initially. After you begin improving your living space, it can be difficult to slow down or stop once you get going.