Are you looking for ways to add value to your home but don’t know where to start?
Throughout life, we own many things, but nothing is more meaningful to you and your family than your home. We see it every day and enjoy living in our home, but do you know how you can add value to your home?
Chances are you may have a few ideas, or you could be completely stumped, and that’s ok! If that describes you and you ended up here, excellent! Today, we are going to let you in on simple and effective tips that you may find very helpful when it comes to making your home worth more.
We gather data and tips from top real estate agents and interior designers that they have routinely pointed out as ways to add value to your home! Let’s dive in!
6 Ways to Add Value to Your Home!
Below, you will find a quick rundown of some of the quickest tips for adding value to your home, which will increase its resale value!
To help, the team here at Legacy Roofing of Idaho also included a pricing feature to help you understand what type of budget you might need.
For example, $ represents a less expensive way to add value to your home, whereas multiple $$$$ can be more pricey! Of course, alternative ways to add value to your home are always available, and we share them, too!
1. Check your outdoor space ($)
Your outdoor spaces are a great way to boost your exterior appeal and overall home appearance, even more so with the advent of technology. If you are looking to put the extra money to good use, here are some good things you can do to put you ahead of the curve:
- Install an outdoor fireplace or fire pit
- Repair old light fixtures
- Do periodic power washing on the outdoor patio and deck.
- Invest in smart home technology like security cameras, which are readily accessible via smart devices for convenience, comfort, and safety. You can find DIY cameras at Costco, Sam’s Club, and online!
While home improvements in your outdoor space don’t need to be extravagant like installing a new patio, diligent upkeep can help stop problems with curb appeal. What you do with the outdoor space around your home impacts your property value, so if you are trying to bump up the resale value of your home to potential buyers, ensure your outdoor space is in good order!
2. Get a new roof ($$)
A home’s sale price can be primarily affected by the roof’s condition.
When necessary, roof replacement will bring the most top dollar value to your home in the long run as it is one of the most important exterior features of your home’s structural integrity.
Most roofing companies offer financing options to cover all the work involved in such a project and ways to save money via energy-efficient additions such as solar panels. Regarding the latter, 70% of real estate professionals said promoting energy efficiency was beneficial in a home listing.
☑️Fun Fact➡️ The National Association of Homebuilders Remodelers, depending on the region, will allow you to take on more debt via energy-efficient mortgages for green upgrades on your house.
While roof replacement is one of many central financial decisions homeowners must face, its positive effects on your home value, let alone living space, make it a significant step in the right direction. Not to mention, a new roof is much less hectic than remodeling the inside of your home!
Most new roofs only take one day to complete! Learn how to tell if you need a new roof here!
Helpful Roofing Articles & Guides
3. Remodel your master bedroom ($$-$$$)
In your dream home, I am sure you have thought of what you wanted your master bedroom to look like; well, it’s never too late to remodel. Depending on the square footage of your bedroom, adding hardwood floors with a fresh coat of glaze, windows with double glazing for energy efficiency, and simply mixing up the interior design of an unfinished space can all bring the most value to your home.
4. Make minor home improvements ($)
A minor remodel can save money and deliver on a grander scale. It could involve installing a new garage or front door, checking fire detectors, inspecting your home’s exterior for proper upkeep, or adding energy-efficient appliances and smart technology, like a smart thermostat.
While replacing some light fixtures is simple, major upgrades like new windows can be more substantial in cost.
If you are selling your house, consider redefining your living space in the dining room, laundry room, or storage space in your unfinished basement. The first impression is the lasting impression, so impress your real estate agent and future buyers by taking a few hours to make your home stand out!
5. Remodel your kitchen ($$$)
Kitchen renovation is an interior designer’s creative playground and awe-struck spectacle for new home buyers. This could include installing new cabinets, countertops, and appliances as a minor kitchen remodel job or completely redesigning the framework from scratch if you are thinking big. Refurbishing the entire kitchen is a costly endeavor, but it pays for itself in boosting your home value.
6. Bonus – Do some Painting!
Just recently, one of the marketing team members here at Legacy Roofing was selling their home. After talking to their agent, they were recommended to paint their houses to capture prospective buyers.
The interior walls hadn’t been painted in over ten years, and some color styles were outdated. A fresh coat of paint updated the home and removed all the dings and dents everywhere.
Robin Hickman, a real estate agent from Charlotte, NC, had this to say when it comes to painting;
One of the quickest and most effective ways to improve your home’s appearance and value is to add a fresh coat of paint everywhere! This can be done on the affordable side and going with a neutral gray is always going to be your best bet!
Your best option is to consider hiring a reliable contractor for painting OR do it yourself – make sure you know what you’re doing!
Financing Options
If you need to finance a portion of your home improvement, there are often two ways.
Home improvements can be funded with a home equity loan or personal loan. Home equity-based financing is a lump sum with lower interest rates based on your acquired equity level.
However, if you don’t have as much equity in your home, using a personal loan will suffice, albeit at higher interest rates over time.
What’s the Verdict?
Do you still wonder, “How to add home value? ” As you can see, adding value to your home is no easy job; it can take time and money, often both. The best place to start is with your home’s health!
Look at your house and ask yourself, “What do I think needs some TLC?”
However, the best things in life require a little bit of elbow grease here and there. Talk to an interior designer or local real estate agent to see how you can spruce up your home. Minor improvements to massive remodeling are worth the investment for a home value that is second to none!
To learn more about roofing replacement or other exterior services, contact the team at Legacy Roofing of the greater Boise area!
Related:
5 Roofing Facts You Didn’t Know (But Should!)