Tips for Increasing Your Home's Value
Your home is most likely your largest financial investment. So regardless of whether you are in your home for the long run or are getting ready to put it on the market in the near future, like any investment, you should take steps to maintain and increase its value. And the good news is that you don't have to break the bank to do it. Here are a few tips for increasing your home's value in today's market.
Spend an hour with a professional. Invite your RealtorŪ or hire an interior designer or Contractor for a small fee to evaluate your home, and give their professional suggestions as to how you can improve the look and feel of your home.
Paint, paint, paint. It doesn't cost much but goes a long way to improving your home's appeal both inside and out. Neutral colors appeal to the most people and are your safest bet.
Landscape. Landscaping can go a long way in increasing the appeal of your home and really works with all budgets. Don't have the money to hire a professional? No problem, you can cut down on your costs by doing a lot of the labor yourself.
Update your bathrooms. Making small updates, such as tearing down wallpaper and putting on a fresh coat of paint, replacing an old toilet with a newer, water-saving one, installing a new vanity and updating your fixtures can make a world of difference. If your budget allows, consider replacing your old floors with new tile, granite or hardwood for an even greater "wow" factor.
Update your kitchen. Evaluate what needs to be done, consult your budget and go from there. Replacing old appliances with new, stainless, energy-efficient models will go a long way in helping the aesthetic appeal of your home while also putting some savings in your wallet. Updating countertops and freshening up the paint on cabinets are other ways to make the room even more attractive.
Go tankless. If your budget allows, upgrade your standard water heater to a tankless model. Tankless water heaters only heat the water as you need it-versus the older models that keep gallons of water hot at all times. This will help you save money now.
Save on air conditioning costs. Consider installing a whole-house fan-considered to be a "green" home improvement-which only use one-tenth the electricity of air conditioners.
Brighten up your space. A well-lit room not only makes your space more cheerful and welcoming, but also makes it feel larger and cleaner. You may do this with table and floor lamps, or even hiring an electrician to install recessed lights or wall sconces.
Bring the outdoors in. Consider turning two standard windows into an opening for French or sliding doors. Full-view glass doors brighten up the space and make it more attractive. As an added bonus, installing new doors that are energy efficient will help you cut down on heating and cooling costs.
If you are interested in buying a new home or selling yours, I'd be happy to meet with you to discuss your opportunities in today's market.community.