Are you looking to make some changes to increase home value? Here are 7 of the most effective home modifications to increase the value of your home.
Whether you’re planning to sell or simply want to keep up with modern upgrades, you’re looking for a home modification you can do to your home to increase its value. Although most upgrades and renovations will add value to your home if done right, not all modifications will make a big enough difference to make it worth it, warns Limestone Country Properties.
If you’re going to modify your home with the sole purpose to raise the value of it, then you’ll want to ensure you’re making all the right moves. Why put money into something that won’t give you a great ROI (return on investment)?
Use this guide below to help you discover a few different home modifications you can make to your home to increase its value with no doubt! Continue reading to learn more about how to increase home value.
1. Install New Windows
New windows in a home can make a huge difference. If your current windows are outdated, then they may pose fire and other safety or health risks. New windows could also help you save money on your energy bill and increase home value.
There are plenty of different energy-saving windows to choose from and different styles as well. Just be sure to select a high-quality window, such as Milgard windows to ensure they provide you with the safety you need.
2. Finish the Basement
If you have an unfinished basement and are looking for ways to increase home value, then it’s time to finish it. A finished basement with proper heating and cooling adds more square footage to your home. If there are bathrooms and bedrooms in the basement, then you’re adding square footage and more rooms.
More bathrooms, bedrooms, and square footage in general is a guaranteed way to add value to your home. When doing so, keep the basement space open. An open-concept basement will appear larger and brighter.
You don’t want it to feel dark or cramped. Aside from adding more value to your home, you’ll also create a place for the children to play, for the family to gather, and for guests to stay.
3. Boost the Curb Appeal
A home can look amazing inside with all new upgrades, but if it looks old and run down on the outside, then its value drops. When future buyers, guests, or you yourself walk up to your house, the curb appeal is the first thing they see.
It can make all the difference to pull the weeds and maintain the lawn. You can also consider planting a few colorful flowers near the front door. Lay fresh mulch in the garden bed to help add color and maintain weeds.
Painting the front door a new color can also add curb appeal. It’s the cheaper alternative to replacing it altogether, but if it’s ready to be recycled, then recycle it and install a new one.
4. Open the Floor Plan
Opening the floor plan is a modification you’ll love and one you’ll see an ROI on. Open floor plans are essential because they allow natural light to flow throughout the home and make the house feel larger than it is.
An open floor plan will also give you the ability to create the layout you want. There won’t be rooms intended for specific uses other than the bedrooms, bathrooms, and kitchen. The rest of the home’s layout is up to you!
You determine where the boundary lines are between the dining and living room or playroom and den. It also makes it easier to entertain guests or watch children while cooking and cleaning. Best of all, this will help increase home value.
5. Enhance Natural Light
Enhancing the amount of natural light in your home is a simple modification and will increase its value. Rather than only replacing old windows with new ones, consider installing more windows as well. Add a skylight in the closets or other small dark rooms to increase home value.
You can also replace the exterior doors with french doors. French doors allow more light to enter and will brighten up the house. If you’re worried about too much light or not enough privacy, you can install a curtain rod over the doors and hang curtains.
Any way you can find to enhance the natural light, do so.
6. Update Kitchen and Bathrooms
Kitchens and bathrooms are two major selling points when buyers look at a house. An outdated kitchen and outdated bathrooms can really bring down the home’s aesthetics. Making any type of upgrade to either of these rooms is a great way to quickly increase home value.
In the kitchen and bathroom, consider refurbishing old cabinets. This saves you money, and they’ll look brand new! Make sure to switch out the hardware as well.
New hardware is the finishing touch when updating the cabinets. New high-quality countertops are a must as well. Try to stay away from compressed woods or vinyl.
Install new light fixtures that bring a decent amount of light to each room. You can even get creative and install a chandelier in the bathroom or in the kitchen over the island.
7. Remove Old Carpeting
Old dull carpeting with stains and flattened fibers isn’t a good look. Removing old carpeting and replacing it with hardwood floors or tile is the best way to go to increase home value. There’s even tile made to look like hardwood, which means a luxury look with low maintenance.
You might even be surprised to learn that your home has preexisting hardwood floors buried under the carpets. If this is the case, have an expert look at the wood’s condition and decide if you can bring it back to life!
Which Home Modification Will You Consider?
Which home modification on this list do you believe would increase your home value the most? Take on one of these or try out a few! No matter which one you choose, you’re sure to see an increase in value.
For more on real estate and increasing your home value, check back with us on a regular basis!