Are you looking for ways to increase the value of your home? Whether you're planning to sell soon or just want to make sure your home is worth as much as possible, there are a few simple steps you can take to make sure your home is worth more. From fresh paint and updated kitchens to smart lighting and energy-efficient appliances, there are plenty of ways to increase the value of your home. One of the easiest and most cost-effective ways to increase the value of your home is with a fresh coat of paint. A new paint job can make a room look brighter and more inviting, and it can also help protect your walls from damage.
Additionally, giving your kitchen an updated look can also help increase the value of your home. Replacing old appliances with newer, energy-efficient models can help make your kitchen more attractive to potential buyers. Another way to increase the value of your home is by finishing a basement or adding an extra bedroom. Finishing a 400 to 1500 square foot basement has a potential return on investment (ROI) of up to 75%, according to HomeAdvisor.
Adding an extra bedroom can also have an average increase of 6.2% for the average household. When it comes to exterior improvements, replacing an existing front door with a steel one has recovered between 65 and 91% at the time of resale over the past four years, according to statistics. Buyers appreciate metal's energy efficiency, low maintenance and cold locking powers. Additionally, installing stone veneer is one of the most impactful ways to generate profits from a renovation, according to Chase.
Finally, don't forget about the importance of landscaping when it comes to increasing the value of your home. According to a report from OnBuy's garden furniture industry, lilies are one of the most desirable flowers for prospective buyers, as they require minimal care and return year after year. Additionally, making sure your garden is up-to-par can make a big difference in how attractive buyers find your home. Making repairs and improvements now can help you get the best selling price when it comes time to sell your home.
Keep these tips in mind when making improvements so you can maximize ROI and attract potential buyers.