Are you looking for ideas on how to improve the value of your home? Whether you have just bought a new house that you want to remodel according to your preferences or you are planning to sell your home for a profit, making some improvements and additions to your home is always the way to go. Always keep in mind that while making home improvements increases the market value, it should be executed slowly but surely. Complete one project at a time and avoid overspending on things that are not very useful. As much as possible, spend on improvements that are low in cost yet produce a huge return on investment in the future.
In this article we will present you the low cost ways that you should consider to improve your home value. With this tips you can increase your home value by at least 20% more than its original value. These improvements will definitely transform your home into an attractive and functional home which will sell in notime.
Upgrade the Kitchen
The kitchen is considered by many people as the focal point of every home. Besides being a place where meals are prepared, this is where people usually read their morning newspapers while sipping a warm cup of coffee, where families sit together to eat dinner, and where we entertain our guests and treat them with hearty dishes. Recently, open concept kitchens have become a popular trend because of the better natural lighting not restricted by doors and walls. Open concept kitchens are also versatile in accommodating a variety of architectural designs and furniture arrangements.
Start by replacing fixtures and fittings including the handles of the doors and drawers, and by refacing the cabinets. You may replace old appliances with energy-efficient models for a more futuristic appeal. You may also replace the bulbs with cool white LED lights and upgrade your wooden counter top to tiles or granite. If you want to learn more about kitchen remodeling be sure to check out out Kitchen Remodeling Guide. On average, purchasing new appliances, repainting the walls, and refurbishing woodwork will cost you around $10,000 and add at least $15,000 property value to a medium-sized house.
Install a New Pond
Only a small percentage of residential properties have man-made ponds or lakes. Because of their aesthetic value, low maintenance requirements, recreational value, and even the potential to generate income, ponds greatly contributes to increasing the value of your home. Even if you are not planning to sell your home soon, installing a new pond is definitely worth it. Allotting $12,000 for a small to moderately sized pond can increase your home value by around 5% especially if you consider taking care of fish. Consult with the nearest pond specialist for high-quality pond construction, pond management,fish stocking services, and much more.
Install New Doors and Windows
If you have a limited budget, focus on replacing front doors and windows first. This step is important not only to make your home more attractive from the outside but also to improve natural lighting conditions, energy efficiency, and noise reduction. Replace damaged hinges and doorknobs and aim to make the front door look more homey and welcoming. Replace aluminum frame windows with vinyl ones. They may be more expensive than traditional windows but their energy efficiency and longer lifespan make them more cost effective in the long run.
Install Solar Panels
One of the most effective ways to improve your home value and to save money on your utility bills is to install solar panels on your roof. With many government funding programs you can install solar panels for a friction of their actual price and you can improve your home value for even 14%. Solar panels can cover all your electricity needs and you can also install panels with a tank for hot water. If you have a big roof and your solar panels produce more power then your home needs, you can even sell the surplus to the national grid. If you want to learn more about solar panels then be sure to check out our Solar Panels Guide.
Remodel your Bathroom
One of the most important rooms in your home is the bathroom and if you want to sell your house, every buyer wants to see modern and beautiful bathroom. Remodeling your bathroom doesn’t need to be expensive but it can significantly improve your home value. You can simply change your tiles and upgrade the look of the bathroom. If you a DIY warrior, you can even check our guide on How to tile a bathroom floor. The next simple but effective thing is to change your faucets and shower heads and replace them with new modern faucets. The next big thing in every bathroom is the bathroom vanity. Changing your bathroom vanity can transform the entire design of your bathroom. If you want to know more about choosing the proper vanity for your bathroom, you can check out our guide on How to choose the perfect bathroom vanity.
Improve your Lawn and Garden
Your lawn is the first thing everyone notice and it is the mirror of your house. You can have the most luxurious interior but if your lawn isn’t nice your home value is down at least 15%. Front lawn and driveway is the easiest thing to remodel. If your lawn is already nice you can add a few flowers or some decorative plants. You can repave your driveway and replace your garage door. These investments can raise your home value up to 20%. Don’t forget, the first impression and the last impression are important, everything else is in the middle. If you’re selling your house, first impression is the front lawn and the last one is the backyard. Don’t neglect them, because they can be the key for raising your home value and selling your house for a good price.
Alot of great ideas. Adding Solar improves the home value very well, it is a plus as well if selling it without a voluntary lean most homeowners are doing by leasing their equipment. Easily adds about 20k in value.