5 Ways You Can Increase the Value of Your Home
Your home is more than where you live – it’s also an investment. While a home’s location and market conditions will help to create value, there are concrete steps that you can take as a homeowner to increase your home’s value. Not only with these suggestions for improvement boost your home’s value; in many ways, they increase your comfort and lifestyle while owning your home.
Here are five ways to increase the value of your home.
1 – Finish the Basement
Finishing the basement effectively increases the living space in your home. Where you go from there, depends on your budget and your needs. You can create a playroom, a home theater, a wet bar or even additional bedrooms and bathrooms. Every time you increase the bedrooms and the bathroom count in your home, you increase the value.
2 – Be Vigilant about Repairs
See a crack in the foundation or a spot of water damage on the walls? Notice roof tiles are loose or missing? Toilet running or leaky faucet? As a rule of thumb, don’t put off smaller repairs. Consider it part of your ongoing responsibility as a homeowner. If you ignore minor problems, they often balloon into bigger, more expensive problems, which can even threaten your home’s structural integrity.
3 – Paint
Maybe you don’t have the budget to renovate and totally recreate your space. But one low-cost, high-return improvement is to paint. Painting makes a home look cleaner, well-cared for and far more fashionable. If you are considering selling in the near future, pick neutral colors. You need to be able to appeal to a large number of people. Avoid bright or dark colors in smaller spaces because they have the tendency to make rooms appear smaller.
4 – Redo the Kitchen
While this is one of the costlier upgrades, you garner a sizeable return on your investment, should you be planning to sell. If you don’t have the budget to do a total tear-down, use what you’ve got with some small tweaks. Update your appliances. Remove cabinet doors and have them refaced to reflect a different style and color. Replace cabinet and drawer handle with contemporary hardware. Invest in an awesome light fixture or hood fan that will create a focal point in the room.
5 – Energy Efficient Upgrades
One of your biggest costs as a homeowner is your energy bills. It stands to reason then that if you can reduce these operating costs, there is greater value because of money saved. There are ways to improve your home’s energy efficiency all over the place. Install LED lighting, low-flow showers and toilets, and a tankless water heater. Consider switching to zone heating/cooling or to a programmable thermostat, which lets you better control your comfort needs.
One energy efficient upgrade that you can make is with your heating and cooling systems. Our experts at Mountain Air Cooling & Heating Inc., in Ft.Smith, AR are trained to help you select the system that best meets your needs and provide quality installation and support. Call us today at (479)-668-0062.