How to raise the value of your home
Whether you’re selling your home or want to raise its value it is important to know how to maximize your money while doing it. Here are five ways to increase your home value.
- Decluttering
Believe it! Decluttering your home can bring it more value while it is an inexpensive and easy task. Start by cleaning out cabinets, and drawers, removing things you don’t need or haven’t used in a long time. Finding a proper organization for your belongings can also bring your home value and make things appear clean and organized. Organizing and decluttering is a small task and relatively easy that you can do by yourself with family or friends. On the other hand, if you don’t have much time in your schedule hiring a professional cleaner can run around $200 to $300 according to Home Advisor.
- Adding Square Footage
Homes are valued by the physical square footage present. Adding a small bathroom, laundry room, and grand space can help add an abundant amount of value and functionality. You can also look to add something that most homes don’t have, for example, mother-in-law quarters that will set you apart from the competition if you’re trying to sell your home. On average you’ll spend around $50,000 for an addition to your home although this will fluctuate depending on material size and the current market.
- Fresh Paint
Adding a fresh coat of paint can elevate your home in a matter of seconds. Adding a fresh coat of paint either to the outside of your house or inside can keep your home up to trend and increase your home’s value. A good place to start is by removing outdated wallpaper or by starting rooms with very vibrant colors. It is important to choose a neutral tone that will withstand the test of time and will appeal to a majority of people if you choose to sell your home. Painting can run anywhere from $200 to $2,000 depending on room size, type of paint, and labor. Painting is an easy way that won’t take up too much of your budget but will add a substantial amount of value to your home.
- Staging
If you’re looking to sell your home staging it is a great way for home buyers to see the potential your home has. 73% of homes go over their listing price for around $40,000 more than the asking price according to The Real Estate Staging Association. Not only does it increase the value of your home when selling but it will also sell faster. On average staged homes sold around 9 days faster than non-staged homes. Staging is the art of decluttering, personalizing, and styling your home to suit potential home buyers. A real estate agent can help you pick which staging service is best for you.
- Remodeling your Home Curb Appeal
Lastly, you can bring more value to your home by putting some work into its curb appeal. This could either be done by painting the exterior, landscaping your yard, power washing your driveway, or painting your front doors. Landscaping helps brighten up your front or back yard and can extend your home’s potential and be more appealing to home buyers. Landscaping can range from creating a beautiful large garden to simply just mowing your lawn and getting rid of any weeds or tall grass. Another great way to improve your curb appeal would be by painting the exterior of your home to a more modern and on trend artistic or by painting your front doors to add the focus point for home.
