5 Ways to Increase Your Home Value This Year

If you’re looking to sell your home, or you just want to improve the look and property value, there are a few steps you can take. Some of them are relatively inexpensive, and others will be rather pricey, but both can add significant value to your home.

If you want to increase the value of your home for a resale, be sure to ask a realtor for their opinions. Realtors know what people want in the current market and understand the competitive set of properties and pricing – if you can meet what the market demands, you’re more likely to get a quick sale.

But even if you just want to improve the house for yourself, it’s still important to talk to the pros so you don’t do things like get peach countertops just because it’s this year’s “hot color.”

1) Improve Curb Appeal

The value of your home starts with what people see from the street, so any big improvements should start in the front yard. Replace old scraggly bushes, trim back the trees, and plant new flowers and shrubs as needed. Make sure the lawn is green and healthy and that your steps are clean and in good condition. It also means repainting wood surfaces, repairing anything that appears broken, and pressure washing everything else.

In some cases, it may even mean new siding and a new roof, but that’s on the high end of the improvement spectrum.

2) Remodel a Bathroom or Kitchen

You can greatly increase your home value by remodeling your kitchen.

You can greatly increase your home value by remodeling your kitchen.

Even small updates can have a major impact on your home’s value. It can be something as simple as replacing a commode and vanity, getting new appliances, or refacing your cabinets, all the way to tearing everything out and starting all over. While this can be costly, if you’ve got a kitchen or bathroom that’s more than 40 years old, it might not be a bad idea to modernize everything and get it to look like it was made in this century.

New kitchens and bathrooms provide a lot of bang for the buck, and cansingle-handedly sell a house!

3) Replace Old Carpets, Sand and Refinish Wood Floors

If your carpets are old and worn, or have a lot of stains from pets and kids, you’ll need to replace and repair as needed. That means steam cleaning your carpets if not replacing them outright. If you’re not sure what to do, rent a cleaner and see if you can make any headway. Better yet, ask a friend their honest opinion, since we’re often blind to the stains and discoloration that comes from years of seeing the same carpet day after day.

Similarly, if your wood floors look like a pack of wild dogs have been doing that scrambling-in-place thing for years, you’ll need to fix that as well. While just going over the floor with stain might disguise the problem, it will still be noticeable. Instead, get the floors sanded and stained so they look brand new. You can do spot sanding and staining, but the repair will almost certainly look different from the rest of the floor, so you might as well get it all done.

4) Trick out your closet

This is more than just “hang everything up and keep it organized.” Get shelves, drawers, extra racks, and anything to make your closet look bigger and more organized. If you’ve ever drooled over the walk-in closets the size of a small apartment, that’s the look you want to go for. Get a closet organization professional to help you get the most out of your closet.

Of course, just like less is more in a home in general (i.e. you don’t want a lot of clutter if you ever show your home), your closet should look emptier than fuller, like it’s plenty big enough for anyone to use. If it looks crammed full, people may assume it’s too small, and worry they can’t fit in all their own stuff. But a well-organized closet looks bigger than it is and gives the illusion of spaciousness.

5) A Deck Might do the Trick

Results and opinions are mixed when it comes to adding a deck. According to Remodeling magazine, you can see a modest return on your investment, but other articles have said the amount spent is usually more than the amount recouped, around 81 percent. So it really depends on the cost of the deck, your location, and, well, the magazine you read. Get a quote for a deck and then ask your Realtor what they think the increased value would be.

Still, if you want a deck, get a deck because you like spending time outside. If you’re going to enjoy it for several years, sitting outside on a nice summer evening or for a family barbecue, then do it for the experience and enjoyment, not the monetary value it adds.

If you’d like other ideas about how to increase your home’s value, please visit our website. You can also contact us and ask to speak to one of our project managers.