Houses are not expensive for no reason. They provide a roof over our heads, serve as a significant life achievement and an investment in our future. So why wouldn’t you want the value of the essential asset in your life to increase over time? Although conventional mortgage payments can build equity in your home, there are upgrades and simple changes you can make to increase its value, resulting in a significant return on your investment.
These changes do not have to cost a fortune. There are easy, cost-effective ways to increase a house’s value every day, especially if you plan to sell it in the future.
Many buyers factor in the home’s bathroom, kitchen, and exterior design when looking for a house. So if yours is outdated, it can eventually affect the value of your home. Start with your kitchen and bathroom. Of course, you do not have to give your entire kitchen and bathroom a makeover. However, a minor remodel can still have an impact on your home’s value. For example, try coordinating appliances and installing modern hardware on your cabinets. A simple modification like this might entail refacing the cabinets and countertops, repainting and installing a new sink. To elevate the exterior design, replacing an old front door can work miracles. The front of your home is the first thing everyone sees. But, unfortunately, it also takes a significant amount of space in front of your home, so consider installing a modern glass panel door or a rustic wood door. For the inside of your home, try oak veneer internal doors to complement the house’s overall design.
Increase square footage
The easiest way to increase the value of your home is by adding more usable space. Research suggests that homes are valued and priced by the livable square feet they contain, and the more livable square feet, the better it is aesthetically and functionally. As a result, adding a bathroom, workspace, or another needed space to a home can increase its function and add value. In addition, adding a separate guest-room suite can be beneficial. Most people opt for a home with an extra room or suite; therefore, adding one will set you apart from the rest.
Clean home, rich home
Research says deep cleaning and decluttering your home adds more value to it than people realise. Of course, buyers appreciate a clean, simple house, but if you don’t plan on moving, you could benefit from decluttering and getting more organised. A clean home can also affect your overall mood and productivity. While cleaning and decluttering is a low-cost way of adding value to your home, it does require a lot of work, which can be discouraging. However, you can start by going through cabinets and closets, cleaning out drawers and other storage areas of your home as well.Utilise the Kon Marie method here; if the item brings you joy, keep it; if it doesn’t, get rid of it.
Now or never
Every day, the value of homes increases, and you do not want to miss out on this opportunity of a lifetime. The best part, you do not have to break the bank to make some cash. Instead, make some minor upgrades, add new features like new doors. Clean and declutter, add a lick of fresh paint, and incorporate extra finishing touches such as a new front door and new lighting. Hire professional carpet cleaners to give your flooring a whole new lease of life. These minor changes will improve the aesthetics of your home and they might increase the overall value of your property too.