Even if you’re not planning to sell your home anytime soon, it’s always a good idea to make sure that the value of the property is moving in the right direction. After all, while your house might be absolutely where you want to be right now, you never know what could be coming up ahead — and if you do decide to sell or make it an investment property, you’ll want to get as much money as possible.
Your property will likely increase in value just through inflation. However, it’s worthwhile taking steps to ensure your property’s value increases as much as possible. Happily, these upgrades also just generally make your house a more enjoyable space to live in, so you’ll get the benefit of making these improvements even if you’re not planning to sell.
Adding More Natural Light
Who doesn’t love living in a home steeped in natural light? The absence of natural light isn’t necessarily a turnoff for potential buyers, but they’ll be more excited — and be willing to pay more — if it’s there. So, how can you add more natural light? There are a couple of methods, but the most effective way is to upgrade your windows to be as large as possible. This can also improve the home’s curb appeal, which also positively influences the property’s value.
The Essentials
It’s easy to get drawn to cosmetic home improvements. After all, they’re what you — and potential buyers — actually see. But don’t forget that the decor of the house isn’t actually the most important element of the property. If the property’s essentials aren’t in full working condition, then it’ll be inevitable that the valuation will take a hit. Making your home as functional and robust as possible will make your property more attractive to prospective buyers, as well as just give you confidence that you’re living in a home that’s in line with modern standards. Take a look at electrical panel service upgrades to ensure your electrical system is running and efficiently, and have someone take a look at your roof, which is a common blind spot for homeowners.
Upgraded HVAC Systems
A good HVAC system is worth its weight in gold, especially in regions that experience cold winters/hot summers. Not only will having an upgraded HVAC system help to make your home more liveable, but it can also help you to lower your energy bills. Outdated systems tend to be less energy efficient than newer models. Prospective buyers will appreciate a great HVAC system too — after all, there’s nothing better than knowing that you can be comfortable in a house regardless of the external temperature.
Enhancing Insulation
And to take that even further: improving your insulation can also be a great home improvement project, especially if you’re planning to upgrade your HVAC system. In doing so, you’ll reduce your burden on your appliances, lower bills, and it’ll also be good for the planet. There are a host of ways to improve your home’s insulation credentials, but the best way is to use premium foam insulation.
Small Kitchen Improvements
Prospective buyers pay a lot of attention to the kitchen. After all, it’s the heart of the home. You can significantly boost the value of your home by undertaking a kitchen remodeling project, but you don’t necessarily need to do quite so much. Even small improvements can have a lasting impact on your property’s value. Painting cabinets, replacing appliances, and upgrading fixtures are all relatively inexpensive improvements that can help increase the value of the property.
Bathroom Enhancements
Bathroom improvements work similarly to kitchen improvements. And as with the kitchen, there’s no reason to go overboard — you can make your bathroom appear much nicer without undertaking serious work. To start, take a look at decluttering the space; clutter can compromise the quality of any room, but it’s especially evident in the bathroom. Adding some decorative fixtures, or a classy looking bath panel, increasing the amount of natural light the room receives, and regrouting the shower/bath area can provide the refresh the room needs.
Adding Square Footage
The greater the amount of usable space, the higher the value of the property. However, it’s important to take a considered approach to this kind of work — sometimes, you’ll spend more on adding space than you get in added property value. It’s best to focus on the classic solutions to the space issue: the attic and the basement. If you can find an affordable way to transform these spaces — and those solutions very much exist — then you should see a big improvement in your home’s liveability and value.
