Did you know that a minor bathroom renovation will actually increase your property value more than a major one?
It seems backward, but it’s true. The mystery of how to add value to your home can often seem elusive. What are buyers actually willing to pay more for?
We’ve got you. Quit Googling “how to increase property value” and read on for all the answers you need to know before you list your home.
First up: inexpensive fixes that are so simple you’d be silly not to do them.
Changing fixtures around your house can make a world of a difference. If your light switch covers are yellowed and faded, invest in crisp, new, white ones instead.
If your doorknobs are chipped, dinged, and outdated, replace them with stylish new ones. Choose door knob colors that match the style of your home. If your home is sleek and modern, opt for chrome or steel; bronze door knobs pair nicely with rustic decor.
You’d be amazed at the power a fresh coat of paint can have in your property value increase, too. Opt for light, neutral covers to make the space seem bigger.
Finally, make sure to remove personal items like framed photos, pets beds, and other clutter when potential buyers come to visit. They need to be able to envision themselves in your home, and that’s hard to do when all they can see is you there!
Homeowners can save as much as $1,182 per year thanks to simple fixes around the home to make it more efficient. Guess what? If you make these fixes for them, you get tell them all about it in your listing.
Here are a few easy ways to make your house more efficient that potential buyers will appreciate:
- Plant shade trees to cut air conditioning costs
- Replace old toilets with more efficient ones
- Fix leaky faucets
- Replace bulbs with energy-efficient ones
- Replace old weatherstripping
If you really want to up your house’s efficiency game, opt for a big ticket reno with a high ROI, like new windows or solar panels. In terms of windows, you should choose triple glazed environmentally friendly ones, like Ideal Window Solution‘s Envirowindows.
Strategize Your Renovations
The first place to start when it comes to a renovation? The kitchen and the bathroom. But that doesn’t mean you have to go all-out.
You’ll earn back around 80 percent of the cost of a full kitchen remodel, on average. If you don’t want to front that 20 percent, you could opt instead to make a few upgrades instead of the whole shebang.
Granite countertops can go a long way. So can new appliances. Even a fresh coat of paint on the cabinets and new hardware can freshen up a kitchen without a major renovation.
Same goes for the bathroom. If you don’t have the dough for a big remodel, focus on the details, like new hardware and a new medicine cabinet
Upping Your Property Value and Beyond
Don’t get left in the dust by the comps in your neighborhood! Now that you’ve read up on a few simple tips on how to increase the value of your home, you can up your property value in a hurry!
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