Our homes are important to us for a great many reasons. Aside from being our sanctuary, a place for us to spend our free time and to share it with a family, it is also an investment. For most of us, our home is the biggest investment that we will make in our lifetimes.
A home can hold value for a number of different reasons and you can do a great deal to impact the overall value of your home both positively and negatively. If you have bought a home and are planning to remodel, this can be a good way to improve the overall value of your home.
There are specific methods that will give you the most value, though. These are tips for increasing the value of your home.
Small Upgrades Pay Off
If you are familiar with those television shows that revolve around home renovations, it looks like a gargantuan undertaking. And renovations on that scale can be a massive undertaking. But you don’t have to remodel your entire home to see an improvement in the overall value.
Upgrading smaller items like doors, old faucets, and permanent lighting can really go a long way towards improving the overall value of your home. This is great because you can make smaller, more affordable upgrades without having to take on a huge project.
Curb Appeal Matters
If you are selling your home, doing every little thing possible to make your home more appealing can go a long way towards finding a buyer to pay the asking price attached to the home. This includes curb appeal, or how the home looks to visitors from the outside.
Make sure that gardens are tended, the lawn is mowed, any cracks or flaws are attended to. This also depends on your neighbors. If you have a neighbor with an unkept yard, talk to them about straightening up because that can have an impact on the overall value of your home.
The Kitchen Sells
If you are going to undertake a larger project, focus on the kitchen. Kitchens have been shown to improve the value of a home dramatically and that should be where you focus the bulk of your renovation budget.
Add a little bit of color to the back splash, change the paint to make it fresher, and try to get stainless steel appliances. You don’t have to do a full upgrade to your kitchen to make it a selling point, but change the essentials.