Want Higher Property Value? Do This
By: Alex | Date Posted: October 30, 2023
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Attaining a higher property value for your home involves a mix of simple and unexpected strategies, many of which are more straightforward than most homeowners anticipate. While several of these techniques are DIY (do-it-yourself) projects, some may necessitate the expertise of a licensed contractor. Regardless of the approach you opt for, it’s crucial to see the whole endeavor as an investment in your most significant asset.
Many homeowners start by addressing the most pressing issues. For instance, in regions with heavy rainfall, gutters often become a priority. Repairing or replacing them can vastly improve the appearance and functionality of the house. Other impactful measures include installing an elevator, weatherizing the home, updating fixtures for a modern aesthetic, adding a sunroom, refurbishing hardwood floors, conducting a comprehensive inspection, setting up a greenhouse, and more. The following suggestions aim to guide you on your journey to achieving a higher property value.
Never underestimate the importance of gutters. The simple components in safeguarding your roof and other parts of the structure from water damage. Savvy individuals who make the decision to upgrade or completely replace their gutters don’t have to lose sleep over foundation cracks, wall decay, all-around seepage, and soggy shingles. If you do the job yourself, select the best materials you can afford. Then, be sure to follow installation instructions carefully.
Install an Elevator
Installing a home elevator can add substantial value to any home. That’s because private elevators offer multiple benefits to owners who invest in them. For anyone who has mobility challenges, having an elevator means never having to risk falling on steps. Additionally, the devices come in a wide array of styles and sizes, so there’s something to suit all tastes and budgets.
For those who intend to sell their homes in the future, having an elevator can mean a fast sale at the right price. Prospective buyers tend to remember unique properties, and a personal elevator is a big plus for sellers in any kind of housing market. To find out everything you need to know about home elevators, consult a respected company that has experience in the niche.
When people think about weatherizing, they usually focus on the environmental aspect. That’s because prepping a structure for upcoming harsh weather can save on utility bills, lead to much lower energy consumption, and make the house last longer. But there’s more to it than that. Weatherizing has an economic side: it can significantly add to a home’s economic worth.
Some of the common tasks associated with weatherizing, also called weatherproofing, include adding new insulation in attics and walls, sealing all visible gaps and splits, replacing windows, and upgrading entryways. Of course, along with lower utility bills, those who try to weatherize every year enjoy a more comfortable living space. If the house ever goes on the market, all the hard work can pay off in the form of a quicker sale and higher price.
Examine the fixtures in bathrooms, kitchens, and wherever else there are sinks, tubs, showers, toilets, faucets, and plumbing. Don’t neglect to inspect the laundry room. Other fixtures are on cabinets, lights, doors, and light switches. Having old-looking fixtures can make your place appear older than it is, neglected, and run down. Replacing or upgrading everything is a relatively inexpensive and worthwhile DIY project. When you spend a weekend or two to cover every room and do an all-around upgrade/replacement job, the entire home will look newer. Take time to plan the color scheme and style of the items you buy.
Add a Sunroom or Greenhouse
Nearly every property can benefit from the addition of a greenhouse or sunroom. The additions look great, provide plenty of added functionality, and can increase the book value of a small or large residence. Whether you’re a plant lover or someone who thrives on a room full of natural light, explore the possibilities of doing the construction yourself. Big-box stores sell small greenhouse kits, but it’s wise to have the help of a talented assistant when putting everything together. Sunrooms are a bit more complex, which is why most hire a contractor to do the job.
Get a Thorough Inspection
All your hard work should begin with an inspection. That’s the best way to find out the state of the structure’s condition. It’s imperative to know if there are any hidden problems lurking. Aim to have all essential improvements done before embarking on DIY or other upgrades. It can be disheartening to begin a project like gutter replacement only to find that there are more immediate roof-related issues you need to deal with. While an inspection itself does not boost property value, it gives you a clear picture of the overall health of the structure.
Install or Upgrade Ceiling Fans
When it comes to cost-effectiveness, it’s hard to beat ceiling fans. Not only do they add comfort and a large dose of energy efficiency, but they look great in any room. The simple devices are based on a very ancient concept and have been around for centuries. Early models were spring-operated and helped people keep cool in summer. Today’s models are adept at circulating warm air during winter months and helping air conditioners operate more efficiently during the hot season.
Pay for Professional Landscaping
First impressions count. Unless you are highly skilled at landscaping, invest in the services of a professional. Not only can an expert make the exterior look wonderful, but they can create outdoor living spaces that match your activities and lifestyle. Explore features like steppingstone paths, unique outdoor lighting, flower or rock gardens, waterfalls, and a perfectly manicured lawn.
Paint All Inside Walls
Painting all interior walls is one of the simplest and most cost-efficient ways to make an entire home look fresher and more inviting. Consider using modern hues that work with a wide range of interior styles. Avoid unusual colors or color schemes. Prospective buyers tend to prefer neutral colors that have a better chance of matching most furniture styles and personal tastes.
Thank you for reading!