If you are about to pitch your tents elsewhere and looking to increase your home’s resale value, there are a handful of ways you can go about it.
Improving your home doesn’t have to be a major investment that will cost you a fortune. You can transform your home with some simple tricks and upgrades.
In fact, you can save money on some DIY home improvements that will help increase your bargaining power.
Whether you plan to sell the house now or in the future, here are some ideas that can get you started.
- Start From The Exteriors – Improve Curb Appeal (Fresh Coat of Paint)
- Work On Your Kitchen
- Add Energy-Efficient Upgrades
- Work on Bathroom
Start From The Exteriors – Improve Curb Appeal
Honestly, improving your home’s value starts from the exteriors. First impressions matter, and if you are looking to add more money to your home’s value, you must first improve the curb appeal.
There are several ways you can improve the look of your home. From adding a deck in your backyard, mowing the lawn, new shrubs in the garden, and a fresh coat of paint, you can significantly upgrade your home.
A deck can do wonders to your home’s appeal. Better yet, use eco-friendly flooring materials like composite wood.
Quality composite decking boards have subtle and fine details, and you can use them for your deck or as a walkway, accentuated with in-deck lights to create beauty and functionality for your outdoor living space.
A fresh coat of paint works both for the interior and exteriors of your home. A new paint job can revitalise your walls, injecting new life into the entire home, which will certainly increase value.
Revamp your Kitchen
If you plan to sell or lease your house, know that the kitchen and bathroom are among the first places potential buyers go to.
The kitchen is usually referred to as the heart of your home. You don’t have to make fancy or major renovations to improve your kitchen.
Simply go for smaller projects like polishing, decluttering surfaces and deep cleaning, replacing cabinet handles, repainting the walls to a more vibrant one.
As a tip, studies show that kitchens where the upper and lower cabinets have different colours are popular amongst homebuyers and can increase the resale price.
You can also upgrade your kitchen appliances. Thankfully, there are a handful of e-commerce platforms that allow you to buy used appliances that are affordable.
Add Energy-Efficient Upgrades
An energy-efficient home is more likely to attract buyers. This is because utility bills are reduced, and less maintenance is required, all while helping the environment.
Suppose you are not planning to sell at this time; energy savings is good for you too. You can change your lighting from incandescent bulbs to LED bulbs.
For instance, you can replace five of the most frequently used bulbs or light fixtures in your home with new models that have the energy star. This can help you save between 9-10% annually on electricity bills.
If you insulate your water tank, you would be reducing standby heat losses by up to 45% and will save about 16% in water heating costs.
Most energy-efficient upgrades cost more upfront but can add the most value, like new solar panels.
Work On Your Bathroom
Like your kitchen, the bathroom is very important if you want to increase your home’s value.
Experts say the bathroom is one of your home’s most important rooms, so if yours is a bit past its best, then this is the time to focus on an improvement. In fact, it is said that kitchen and bathroom investments may give higher ROI than almost any other room.
If you are on a small budget, consider replacing the showerhead and toilet seats.
If you live in the UK, the average home toilet is responsible for about 30% of water consumption, so you might want to consider switching to a low-flow system. This will reduce water waste and save money.
Also, consider underfloor heating in your bathroom, which can add value to your home. Don’t forget to add new bathroom hardware that gives your bathroom a modern look.
Last but certainly not least, clean and wash the bathroom, especially in-between tiles.
Lighting can do wonders to your home’s entire appeal. Good lighting, whether natural or artificial, can completely revitalise rooms and give them a luxurious ambience.
LED lights are great in cutting electricity costs and are also eco-friendly options. Although they may cost more upfront than other bulbs, they last about five times longer than the rest.
You should also let in natural lights by removing heavy and stuffy curtains. Another way to add attractive lighting is installing mood-improving dimmer switches, installing skylight or sun tubes, etc.