How to Increase Your Home’s Value

Read Time: 3 minutes

TL;DR

  • Increasing the value of your home is all about cost-effective routine upkeep.
  • It starts with creating a realistic plan that is prioritized, easy to follow, and cost-conscious.
  • When making big or long-lasting changes to your home, consider what trends will hold their value for long periods of time and which ones won’t.
  • Always consider ROI when making home improvement decisions. Kitchen and bathroom remodels yield the biggest bang for your buck.
  • Consider curb appeal by keeping the exterior of your house presentable and clean through routine maintenance.

 

Once you have lived in your home for a few years, you can expect things to begin to wear out or look dated. Keeping up with minor repairs and smart improvements is an easy way to increase the value of your home. In many cases, spreading out the improvements over time is an economical way to increase your home’s value so that it will recoup more money when it comes time to sell. The following are some tips on how you can painlessly increase your home’s worth.

 

Plan Your Strategy

If you suddenly notice that multiple items or areas need attention, don’t rush to do everything at once. Make a list of what needs to be done and prioritize each improvement, noting what you want to accomplish while living in your home. Estimate how much each project will cost on the high and low ends to determine what you can afford. Being realistic about what you can accomplish will go a long way toward improving the value of your home.

 

Pay Attention to Trends

Take a look online or watch home improvement shows to see what trends are popular right now. The goal is to make your home look more attractive to increase the overall value. At the same time, however, if you plan to sell your home within a few years, don’t install avant-garde fixtures or paint in bold colors. If a trend has been around for a number of years, as have granite countertops, for example, it’s a good bet that it will be around for a while longer. Go for updated classic looks that will work well with any decor.

 

Think About ROI

Return on Investment (ROI) plays a big part in what home improvement projects you should consider. Kitchen remodels, followed by bathroom remodels, are still your best bet when determining what projects you should tackle to increase your home’s value. Aim for increasing efficiency, adding space and aiding traffic flow to make those areas more appealing.

For kitchens, focus on cabinets and countertops to increase appeal and efficiency. Appliances can be slowly replaced if they still work well. When remodeling bathrooms, focus on elements such as new toilets, bath fixtures and vanities that will improve water efficiency and increase storage space.

 

Focus on Curb Appeal

First impressions are important, which is why landscaping is another important consideration when trying to increase your home’s value. A healthy looking lawn can go a long way, so make sure trees and bushes are groomed, grass is cut and attractive flowers are planted. Also consider keeping your house’s external features neat and clean: ensure your siding is in good repair and place a new coat of paint on doors and trim.

 

For more tips on how to increase your home’s value, visit your local Doug Ashy store to talk to our associates about your home improvement projects. We’ll be happy to provide you with helpful tips to make home maintenance a breeze, as well as keep you up to date on the latest trends to increase your home’s value.

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