Want a Home Value Increase? Here Are 6 Proven Ways!

If you own a house, you should know that it is a significant investment, especially if you consider selling it later. There are many different ways you can realize a home value increase. The following are suggestions that are proven to increase your property value if you do them correctly. Then when the time comes to sell, your financial return will be a lot higher.

Photo of a contractor sawing wood for a renovation
Getting a home value increase will require some work. But it doesn’t have to be expensive.

1. Smart Updates

You can make simple adjustments to your home to make it beautiful and appealing to buyers. You don’t even need significant renovations to achieve this. In fact, adding a fresh coat of paint can bring the transformation you need. So, look for areas that require simple renovations and handle them.

Make sure you upgrade things like light fixtures since they are easily noticeable. Anything a person touches on a regular basis gets more attention than things that aren’t. All these upgrades will give your house a new look without straining.

2. Kitchen and Baths

The kitchen and bathroom are essential parts of the house. Therefore, it may be good to spend some more money to upgrade them. In many cases, the kitchen and bathroom can give you more than a 100% value increase. Speak with your trusted local real estate expert to better understand what today’s buyers are looking for. Then go after updates that fit both buyer’s tastes and yours.

3. Make It Energy-Efficient

Another great way of increasing your home value is by making it more energy-efficient. When the utility bills are less, buyers will be more willing to buy the house. Some buyers will be looking for energy-efficient features that will help lower costs.

Therefore, investing in energy-efficient appliances and upgrading your home will be a good idea. If you have a space that would benefit from a window AC unit then your HVAC can work less and last longer. (Bedrooms on the 2nd floor of a Cape Cod are great examples.) The choice is convenient and energy-efficient.

4. Declutter Your Home

If you wish to sell your home faster (and for more money), ensure you create an excellent first impression. Please do this by removing excess or unnecessary items. Then give it a thorough cleaning. Also, wash the floors and places like the baseboards.

Decluttering your house gives your home a more spacious feel which in turn makes it feel more luxurious. You can sell some things, keep them in a storage unit or donate them.

5. Improve Curb Appeal

Curb appeal is huge! The better the appearance from the street, the higher your home will sell for.

Simple features like landscaping and installing pave ways can improve your curb appeal. Some of these things don’t add value to your home so be careful. However, they do make your home more attractive, comfortable, and also very appealing to buyers. Remember, the first impression people get about your property will impact their decision.

6. Finish the Basement

If you have an unfinished basement, finish it. Finishing your basement will almost always make the list of top ways to get a home value increase.

Generally speaking, buyers prefer houses with finished basements. Even if you don’t have to do a serious makeover, try to make it worthwhile by adding a beautiful carpet, waterproofing and soundproofing it, and insulating it to prevent moisture.

Final Thoughts

You can do many things to boost your home’s value. Focus on the ones suggested in the article in order to get the best return on your investment. Seek to make the house more convenient, energy-efficient, and livable. Create an excellent first impression by improving curb appeal, maintaining your exterior, and maybe upgrading your front door.

Tre Pryor, Realtor

Tre Pryor is the leading real estate expert in the city of Louisville. He is a multi-million dollar producer and consistently ranks in the top 1% of Louisville Realtors for homes sold. Tre Pryor has the highest possible rating—5.0 stars on Google—by his clients and is routinely interviewed by the local NBC news. Tre Pryor is a member of the RE/MAX Hall of Fame.