How to Increase Your Home's Value

Tap to Read ➤ Craig Middleton

As a homeowner, you likely want to eventually sell your home. However, in order to do that, it's important that it's in great shape when it comes time to sell it. Many homeowners don't consider the importance in maintaining their home to ensure it retains its value, however, it's vital to always keep top of mind.

Whether you're looking to sell your home in the immediate future or simply want to keep it in great shape to enjoy now, you can benefit from increasing your home's overall value. Here are some projects that are proven to improve your home's overall value.

Improve Efficiency

One proven way to increase your home's value is to improve its efficiency. Making energy-efficient upgrades to your home not only helps boost your home's overall value, but it can also lower your monthly energy expenses.

Consider making improvements such as increasing your home's insulation, installing LED lighting throughout your home, swapping out old appliances for Energy Star appliances, and installing double-pane windows.

If you want a long-term investment that will really increase your home's value, consider installing solar panels on your roof. You can find a solar financing plan to help with the costs and may even be able to take advantage of tax savings after they're installed.

Boost Aesthetics

Having a home with curb appeal can vastly improve your home's overall resale value, which makes boosting your home's aesthetics a great project. Try updating your landscaping so it looks attractive and makes a great first impression.

Repaint your home or even consider installing vinyl siding to give it a great, polished look. You can even add value by installing shutters, a new roof, updating your driveway, or even adding fencing around your home. Your home's aesthetics don't have to stop at the front door.

You can improve your home interior by refreshing kitchen or bathroom, tearing out old carpeting and refinishing floors, or painting the living room. Updates to your kitchen and bathroom offer excellent returns on investment while minor updates often don't require a lot up front but pay in the long run.

Make Maintenance Improvements

Many people want to purchase a home that will require minimal maintenance. Make your home more attractive to potential homebuyers and increase your home's value by making improvements around the home that will result in fewer maintenance needs.

Projects such as installing a new furnace or water heater, adding a new roof or putting in new windows can boost your resale value and make your home marketable to those who are looking for an easy-to-maintain home. As an added bonus, you'll be able to reap the benefits of fewer maintenance needs as well.

Get Smart

As people become more reliant on technology, the desire to have technological gadgets integrated into the home is on the rise. Install smart tech in your home, such as smart thermostats, appliances, security equipment, and door locks boost your home's resale value and make it an attractive option to tech-savvy people.

Go Big

If you're truly looking to boost your home's resale value, you can always benefit from building an addition on your home. Increasing your home's overall square footage provides more living space which can result in a higher resale value.

Determine where it makes sense to create additional living space. Some additions that can boost your home's overall value include finishing your basement, building an in-law addition, adding a bedroom or bathroom. If you don't have space to add onto your home, you can build a deck or swimming pool which can increase your home's value.

These projects are a great way to boost your home's overall value, which can be beneficial if you're looking to sell your home or even if you're looking to have it appraised in order to get a loan. In addition to having a more valuable home, you'll be able to enjoy the fruits of your labor and a beautiful finished product.