5 Ways to Increase Your Home’s Property Value

For many people, their home is the biggest financial decision that they will ever make. This means that there is a lot of pressure to choose the right location to invest in. As many homeowners will then hope to then use the equity in their home to trade up to a larger house, or even to retire, there is a lot of pressure to maximize the value of a home before selling it.

The question is, how do you increase the value of your home? There are some tried and tested ways of doing just that. No matter how large or small your budget is, you have options on how you can squeeze every last dollar out of the sale of your home.

1. Start with the kitchen

If you have watched jsut five minutes of any home improvement show you will note that there is a lot of emphasis on the kitchen. This is one of the areas of the house that will be the focus of appraisers and potential buyers. The truth is that a kitchen that looks old-fashioned is going to cause you problems when it comes to the value of your home.

For a minimal investment you can re-do the kitchen and have prospective homebuyers falling in love with your home the moment that they walk into your kitchen. Upgrades and updates in this room in your home will offer the greatest return on investment.

2. New windows

When someone comes to view your home, you want to make the best first impression possible. To make sure that you do this, you will need to ensure that your curb appeal is on point. When it comes to the front of your home, there are two things to focus on. Your garage door, this can be fixed with a quick coat of paint, and your windows. Today’s home buyer is very savvy and will notice if your windows look old, not good insulators, and most of all, secure.

To make sure that people instantly like your home the moment that they see it, you may want to invest in a new set of windows. Not only will these pay for themselves when it comes to selling your home, you will also be able to enjoy a noticeable decrease in your monthly utility bill.

3. Increase the amount of livable square footage

If you have an unfinished basement, now may be the time to spend some money to get it ready to use. By adding usable square footage to your home, you will be able to significantly increase the value of the property and even look to increase the number of bedrooms in the home. The best way to do this is to provide a basement that is as open plan as possible. Millennials are huge fans of opening up spaces to create a wide open and welcoming home.

4. Energy efficiency is key

One of the questions that the keen homebuyer will ask is, how energy efficient is this home. This is an important one, as this will determine how high or low the utility bills are. To make a home energy efficient in a meaningful way, you should look to upgrading or installing new windows and perhaps even a new roof, this will add even more value.

5. Paint

If you want to give your home a little bit of a bump when it comes to the resale value but don’t want to take the time and energy to do this yourself, giving the walls a fresh coat of paint is a great place to start.