Most homeowners can agree that ideally, they’d like to see their home’s property grow. Although this is what a lot of people have in mind, it doesn’t always play out the way that they would like it to.
Only a fraction of optimistic homeowners will see their homes value increase significantly over the next decade.
There are all sorts of factors that come into play, which could determine whether your house will be worth more as the years go by.
However, there are some tactics that are known for more than likely, resulting in increasing your home’s value. Take a look at some of the best ways to increase your property’s value.
Make It Energy Efficient
Energy conservation is the latest rage. Installing energy-efficient features can have a significant impact on your home’s overall value. Regardless of where you are in the world, a home that conserves energy can play a huge role in how well your home sells.
You should consider everything from replacing single-paned windows for double-paned windows to installing solar panels. Although making your home energy efficient may require an initial investment, the amount that it increases your home’s value will be well worth it.
Square footage is one of the biggest assets that a home can have. The bigger, the better because, the more potential there is for growing families or upgrades.
Bigger homes cost more, period. Therefore, consider adding a room or making the basement livable. It can be fun trying to come up with creative ways to add space. Talk to your contractor about different ideas that you may have. They’ll be able to tell you whether they’re realistic changes or not.
Increase Your Curb Appeal
Your curb appeal is how good your home looks from the street. People who drive by will be more likely to inquire about buying your home if it catches their eye.
Make your home more attractive by simple upgrades like repairing your front door, repainting your house, or even planting flowers. Do whatever you think would make you personally want to walk in the front door.
Remodel Your Kitchen
Surveys show that the biggest deal-breaker for them when looking for a home is the kitchen. People love the kitchen because it’s a place to gather and appreciate time with your family.
By investing a few thousand dollars in your kitchen, you can increase your home’s overall value and make as much as a 65% return on your investment! The same goes for upgrading your bathroom. Consider replacing old tiles, getting rid of old wallpaper, installing modern fixtures, or even going as far as installing heated flooring.