What Adds Value to a Home? Expert Insight
Owning a home is a huge investment, but it’s crucial that your investment continues to grow.
If you’re wondering what adds value to a home, there are plenty of things you can do to help ensure that your home’s value is on the rise.
Read on for some information from the experts that explains some of the things that can cause your property to appreciate in value for a better return.
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A Finished Basement
With more people working from home than ever before, it’s crucial that you maximize as much square footage available as possible. A finished basement can add significant value to a home, particularly in colder climates.
The more “heated square footage” you have, the higher the value of your home will be. Consider remodeling the basement and turning it into a separate apartment, office space, or family area.
A finished basement will give you and your family more room to stretch out and get some privacy. It’s also a highly appealing feature to buyers with large families or for those who need as much available square footage as possible.
What Adds Value to a Home? Curb Appeal
The saying that you never get a second chance to make a first impression is especially true when it comes to your home. A beautifully landscaped and well-maintained exterior is one of the best ways you can boost your property value.
Spend some time removing dead plants, weeds, and other eyesores, and work toward updating your lawn and garden. Paint the front door, power or pressure wash the siding, and take a few steps to generally clean the outside of your home.
Flowers, native plants, and new lighting can do wonders for curb appeal. Not only will these changes boost the value of your property, but most of them are easy and affordable to make, too.
Use Homes with a Loft to Your Advantage
If your home happens to have a loft, don’t let that opportunity pass you by. Lofts can be a great way to get extra storage, and they can also double as an extra living space.
Consider a loft boarding guide that shows you how to “tidy up” this part of your home so it can be used to its maximum advantage. This process involves installing boards on the floor and walls to provide a safe, sturdy area for storage or living.
Some homes with a loft have a more open plan, which is also a great selling point. Transform your loft into an office, a spare bedroom, or a hangout space to entice buyers and boost your house value.
Focus on the Bathroom
If you ask potential buyers what adds value to a home, many will tell you it’s the bathroom. A gorgeous, spa-like master bathroom can be a major selling point for a lot of people.
Consider putting the bulk of your remodeling money toward the bathroom to give it a beautiful facelift. Change old fixtures, install new flooring, or put most of your budget toward a new soaking tub or beautiful shower.
While the kitchen is considered the most important part of the home, a serene, modern bathroom is a close second. Take a look at some of the latest trends in bathroom finishes and consider making a few updates to this room to get a higher asking price.
Freshen Things up with New Paint
A fresh coat of paint can do wonders for a home, and it’s an affordable project that you can do yourself. Take a look at the rooms where your home could use a new coat of paint or even a brand-new color.
If you decide to change the wall colors, make sure you go with something trendy yet neutral. Light gray is a popular choice that adds a modern touch while still remaining as neutral as possible for as many buyers as possible.
Start by painting a bedroom or the dining room, then work your way out toward the living room. This will give you the chance to decide which colors work best before you paint the main living space just in case you happen to change your mind later.
One effective way to increase home value is to find out what today’s buyers are looking for. Maybe you need to upgrade the appliances and switch that outdated white refrigerator and dishwasher to something made of stainless steel.
Smart features like wireless security cameras, smart lighting, and camera doorbells are all smart upgrades, too. Do a sweep of your home and decide which of the latest, greatest features you can add to make your property more enticing.
Even something simple like a beautiful privacy fence around the backyard can do wonders for the asking price. A large portion of buyers today have pets, kids, or both and want to have security and privacy over everything else.
Boost Your Home Value Today
As you think about what adds value to a home, consider these helpful tips. Whether it’s upgrading to a finished basement or installing smart security cameras, there are plenty of things homeowners can do that will help them get more for their money.
Get to know your individual market so you have a better idea of what’s trending and what is bringing buyers in to help you lock in a high asking price.
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