Increasing your home's value through simple upgrades is a great way to boost your selling price and enjoy your quality of life. It's often the smallest updates that make the biggest impact when it's time to sell.
Here are eight simple ways to add value to your home without breaking the bank.
Create a Multi-Functional Garage
As the average home size continues to get smaller, more homeowners are looking for ways to add "flex rooms" to their floorplan. This shift has been exacerbated by the global pandemic, causing people to rethink their home-office situation.
Give your garage some TLC to create a multi-functional living space. Finish the walls, add some paint, and invest in high-quality polished concrete flooring. You can use a garage as a home office, guest room, or extra living room for entertaining. Invest in some creative storage solutions, such as shelving and ceiling trundles, to further enhance the value.
Remember to get creative with your layout to ensure that your car will still fit in with a few tweaks when the room is not in use.
Refinish the Cabinets
Replacing cabinetry is a costly task that doesn't always have a significant ROI, depending on the real estate market. You can increase your home's value while saving money by refinishing the cabinets and upgrading the fixtures.
Keep in mind that you trade money for time when taking on this arduous task. However, a long weekend dedicated to this home renovation project is well worth the increased resale value of your home.
Add Smart Home Installations
As of right now, smart home installations are a novelty. However, many real estate experts expect it to become the industry standard when selling your home. In addition to using the Internet of Things (IoT) to simplify your life, smart home appliances can help save costs and troubleshoot home maintenance issues.
Consider installing simple, smart home technology, like thermostats and light control. Add smart home security to increase the appeal of your home and keep your investment safe and secure.
Improve Energy and Water Efficiency
One of the common things people look at when buying a home is the cost of utilities. By installing tools that help reduce consumption, you can make your home more appealing to buyers.
Focus on improving energy efficiency by installing new windows, energy-efficient appliances, and an on-demand water heater. You can also cut back on water consumption with low-flow faucets, toilets, and showerheads.
Replace Old Fixtures
Old fixtures show your home's age— and not in a positive way. Replace faucets, fixtures, and lighting with modern upgrades to dramatically improve your home's resale value with a simple change. Save money by shopping sales and making one upgrade at a time.
Add Wall-Mounted Temperature Control
Increase your home's efficiency with wall-mounted heating and air conditioning ductless mini-split. These small-scale climate control mounts can save thousands in heating and cooling every year by targeting in-use areas of the home.
Mini-splits are fantastic for bedrooms, living rooms, and bathrooms. They're quiet and remote controlled for convenience.
Add Simple Landscaping
Landscaping can dramatically improve your curb appeal, creating an impactful first impression when selling. However, there's a fine line between boosting curb appeal and looking too high-maintenance.
Add some simple landscaping, such as edging, fresh mulch, and edging. Plant low-maintenance perennial plants that add life to the yard without looking like a full-time job to maintain.
Touch Up the Exterior
Touch up the exterior trim, shutters, and siding with fresh exterior-friendly paint. Consider using a power washer to clean the grime off your windows and siding. In many cases, homeowners don't realize how much dirt their home has accumulated until they give it a good wash.
With these simple upgrades and maintenance chores, you can add tremendous value to your home.