If you own your own home, you know how important it can be to have the value of your home steadily increasing over the years. When the time comes for you to move, the more value your home holds, the more money you’ll be able to make off the sale.
While most homes rise in value just naturally as the years go by, there are things you can do to help speed this process along and add even more value to your property. To show you how this can be done, here are three things you can do to increase the value of your home.
Make It More Energy Efficient
In our modern and environmentally-friendly world, one of the best things you can do to make your home more appealing to potential buyers is to make it more energy efficient.
As part of this, Beth Buczynski, a contributor to NerdWallet, recommends doing things like replacing your windows with double-paned varieties, installing solar panels on your roof, adding more insulation to your attic space, or purchasing energy efficient appliances that you’ll include in the future sale of the home. Whether you choose to run with one or all of these energy-saving options, any steps you take toward making your home more efficient will be beneficial.
Update The Kitchen
If you’re considering putting some money into a specific room in your home, the kitchen is arguably the area where updates will prove to give you the biggest increase in your home value.
According to Daniel DiClerico, a contributor to Consumer Reports, you don’t even have to do an entire remodel of the space to see a big difference in the value of your home. Simply spending a few thousand dollars to get updated appliances, new countertops or flooring, and fresh paint on the walls or cabinets can make a world of difference. And because many families spend the majority of their time together in the kitchen, this investment could pay off handsomely for you.
Work On The Outside As Well
While you might automatically focus all your efforts on the interior of your home, the exterior of your home can play a big role in increasing the overall value of your property as well.
To help boost the curb appeal of your home and move its value up on the spectrum, Julia Dellitt, a contributor to Forbes.com, suggests taking on projects like planting trees in the right locations to shade your home and property and adding annual flowers and foliage to make your home really pop.
If you’re wanting to increase the value of your home faster than the market would naturally do on its own, consider using some of the tips mentioned above to help you do so.