All homeowners should want to add value to their home. Whether you think you are in it forever, or if you think in a few years you will sell, you’ll reap the benefits either way by getting to live in the luxurious space you build or make more money in a sale.
“What is my home worth?” you may be wondering. Run through some calculators or look at comps for sale at the moment to get a good idea of what your house is worth now and what it could be worth with some updating.
Increasing the value of your home only has its benefits. With these five fairly easy renovations, you can increase the value of your home tremendously.
Finish That Basement
A finished basement is a great touch to any house. It will be everyone’s new favorite spot to hang out in your house.
Typically homeowners who finish a basement add some seating, a tv, and even a bar. You don’t always have to go that route though. You can turn the basement into a gym or even another bedroom.
Whichever route you choose to go, it will add extreme value to your home by simply doing some carpeting or flooring and some painting.
Take Out Some Walls
This may seem hard, but all in all it’s not. You just have to make sure that the wall you want to take out isn’t a support wall for the structure of the house.
You may be wondering how does this add value to my home? It does because if you take out the right wall and execute an open floor plan, then you are adding value.
Making a space like the living room, dining room, and even the kitchen more open and bigger will add great value to your home.
Let’s go outside a bit. Outdoor elements of a home typically get pretty beat up due to the weather changing. Things can fade, break, or rust. Even if they don’t, typically things just get old to look at like a lot of things inside the home.
One outdoor element that will add value to your home is updating the siding. Some homes have the same siding they had 20+ years ago. Can you say outdated?
Adding a more modern type and color of siding, while adding a coat of paint to your doors, windows, and shutters, will have your house looking like a new build.
Update the Landscape for Curb Appeal
Updating the siding will add curb appeal to your home, but so too will adding fresh landscaping. Updating the landscaping around your home will also make it look like a new build.
Removing weeds, adding brick edging, and surrounding new shrubs and plants with fresh rocks or mulch will have your home looking like a million bucks.
It’s something that could be super cost-efficient too. You don’t always have to pay for the labor if you’re willing to put in some working hours yourself. The only cost you will endure then are the materials. With a rake, shovel, and wheelbarrow, you can take this project on by yourself.
Make a Home Office
This is about as easy as landscaping, maybe easier. The only cost here will be removing unwanted furniture and buying some new stuff. Making a home office is a great way to increase the value of your home.
It could be as simple as repurposing an old bedroom and redesigning it a bit. Once it’s painted and ready to go, add those desks, chairs, shelves, and anything else you would like and you have an at-home office!