Whether you are looking to sell or want to invest in your forever home, it is important to keep your home’s value top of mind before making any significant updates. Considering which projects will add the most value to your home while staying within budget can help you maximize your return on investment. No matter the project size or reason, here are a few ways to increase your home’s value.
Update Main Living Spaces
Refreshing your main living spaces, including your kitchen and living room, can add significant value to your home. Updates to these spaces could include new flooring, fresh paint, updated fixtures, new countertops, and updated appliances.
Complete Any Unfinished Areas
There are times when home improvement projects may go unfinished. However, making unfinished areas, such as garages or basements, into livable spaces can help add thousands of dollars to your home’s value. This can be done by adding insulation, paint, flooring, and AC to these spaces.
Adding a fresh coat of paint gives a home a facelift at a much smaller price than larger updates. In addition, painting can also help alleviate any unwanted smells. When choosing paint colors, it is best to avoid anything too bold or flashy and to stick with more neutral hues.
Fixtures include anything permanently installed in the home, like vents, lighting, fans, and light switches. Hardware like doorknobs, faucets, and showerheads are also items that can be replaced at a lower cost and often without the help of a professional.
For Home Selling
Fine-tuning your landscaping can help to increase your profits. Small tasks like trimming trees and bushes, cutting grass, and edging the lawn can make a yard look neat and taken care of. More costly updates like adding plants, flower beds, mulch, or pine straw are also sure to increase the perceived value of your home and can give you an advantage over other sellers in your area.
When touring a home, buyers often look carefully for any problems and imperfections. An abundance of even minor flaws can make buyers believe the home is less valuable. By touching up smaller issues in the home, including scratches in the paint or scuffed baseboards, sellers can make a better impression and will likely receive higher offers. At the least, having a professional come and clean your home can be helpful.
If you are selling your home and are looking to finance a new property, get in touch with the expert team of lenders at Coastal Custom Mortgage to learn more about your mortgage options.