A recent online survey demonstrated nearly two-thirds of American homeowners expect the value of their home to increase over the next decade. This outlook is on the optimistic side when you take into account factors like location and market popularity which are not things a homeowner can control. Fortunately, there are a number of things homeowners can do to increase the value of their homes.
Pay Attention to Aesthetics
The curb appeal of your home is the first impression made on a potential buyer and will often determine if the owner wants to learn more about the home. Your lawn should be well-maintained and a few flowers in the yard will keep it from looking dull. You might want to add a fresh coat of paint to the front door.
Once the outside of your home is attractive, pay special attention to the bathroom and kitchen. Beautifying these two spaces will go along way to ensuring your home is assessed at maximum value.
Decrease Maintenance Needs
Many potential homebuyers take into account the amount of money it will take to keep up maintenance to a home. Replacing major components to the home like a roof, water heater, or furnace may alleviate maintenance fears for new owners and increase the price you can command for your home.
You can also make the home easier to clean to increase the value of the home. This could mean swapping out old carpets for hardwood floors and using vinyl siding to replace wood siding.
A whole home air filtration system will eliminate the pollutants that contaminate the air in your home. As the name implies, this decontamination will take place in every room in your home. a whole home air filtration system can be a real attraction to potential home buyers if you later wish to sell the home. This feature is especially coveted by individuals with breathing problems.
These systems work by placing filters in the ductwork of your central air conditioning system. The filters trap particles present in the air as it passes through.
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There are a number of improvement that can be made to your home that will make life better for your family in the short term and increase your home’s resale value.
The kitchen is considered by many to be the nerve center of the home. You can always add value to the home with a simple kitchen remodel. Experts estimate the return on investment for kitchen renovations to be between 60 and 120 percent. The addition Source: lookboxliving.com.sgof a bathroom or upgrade of existing bathroom space is also great for adding to the bottom line of a home.
Other renovation possibilities include adding a deck, reinventing an existing room, roof and wall repair, and a simple coat of paint wherever needed.
Making your home more energy efficient will save you money on utilities each month and increase your home’s value. In fact, today’s homebuyers have demonstrated the willingness to pay more than market value for homes that possess green upgrades.
Common energy efficient upgrades to consider include insulation, appliances, solar panels, windows, and heating and cooling systems.
Every homeowner wants to see the value of their home increase over the years. Sometimes it is necessary for the homeowner to take matters into their own hands. The five improvements above have proven their worth for increasing the resale value of a home.