Regardless of whether you’re planning to sell your property or not, increasing its value would surely be on your cards. And, quite possibly, you would have also given a thought to the implications it could have on your financial situation. Of course, when your property’s value is increased, your payable taxes also increase. And not to mention the maintenance expenses that come along.
What if we tell you that there are easy ways to increase your home’s value. Sounds interesting? And if these upgrades happen to be least impactful on your finances, would you go for them? Well, thank us later. First, go through these easy upgrades.
Reduce Energy Cost
The easiest and most economical way to increase the value of your property is by making it energy efficient. You can replace your lighting with LEDs, heavy appliances with energy savers, and install solar grids if possible. These simple upgrades can shoot up your home’s value significantly as compared to your investment.
Put Up A Fresh Coat
Another upgrade that you can try is putting up a fresh coat of paint, both inside and outside. If painting is not your thing, you can even go for easy to install wallpapers. Remember, the idea is to improve the visual appeal of your home.
Increase Living Space
Now, this might seem like an odd one out here since adding an additional unit or living space on your property can cost you a lot of money. However, considering the returns it could bring, you might want to rethink. For example, ADUs make great revenue streams for rental or passive income. And believe it or not, but you can recover your investment cost within a year or so. You can even try transforming your attic or basement into an additional bedroom if you don’t want to build a new structure on the lot.
Installing plants in and outside your home is another way to bring good returns on your property. A house with a neatly mowed lawn with perennial shrubs and plants adds to the home’s curb appeal. And not to mention, it also makes the property environmentally friendly, which is yet another reason for buyers to pay more.
Repair Your Curb
Speaking of the curb appeal, have you got a broken or cracked outer porch? Or is your pavement unlevelled or too weedy? Well, if it is so, you must repair it and restore it to its original condition. Since the curb would be the first impression that any visitor would get when visiting your property, maintaining it can help increase the value pretty significantly.
So, do you still think increasing your home’s value would require you to put in a lot of money? We hope not. With the affordable and promising changes to your property, you can quickly increase the value of your property. And these changes wouldn’t even affect your taxes to such an extent. So, we hope that this article has helped you, and you’d soon be taking up a home valuation project. Please let us know your thoughts in the comments section below.