Six Ways to Increase Your Home’s Value This Year
Your house is your most valuable asset. Even if you’re not considering selling it any time soon, it’s always a good idea to think about how to add equity to your home.
The good news is that there are a ton of different ways to go about boosting your home’s value. The downside is that some are better than others. Keep reading to learn a few of the top ways to improve the value of your home.
Add usable square footage
One of the best ways to increase your home’s resale value is to expand your square footage. Generally, the larger the home, the higher its price on the market. Adding a bedroom, bathroom, den or even expanding the outdoor living space by adding a patio are all fantastic ideas.
Improve your kitchen
The kitchen is one of the most used rooms in any home, so it stands to reason that updating the kitchen is key in adding value to your home. While updating appliances does wonders, consider hiring our professionals at Coyote Hollow Construction to do a full remodel. If done correctly, you can recoup over 77 percent of your initial investment.
Update your bathrooms
Obviously, bathrooms are other commonly used rooms in a house. Updating your bathroom won’t just attract buyers, but it can also make your home feel more luxurious while you’re still living in it. Small bathroom updates have a return on investment (ROI) of about 67 percent, while larger renovations can have an ROI of up to 60 percent. Just be sure to hire qualified professionals to tackle the job.
Increase energy efficiency
Adding value to your home can be as simple as making your house more energy efficient. While you can upgrade the HVAC system or replace your old windows with energy-efficient ones, you don’t need to go that far. Something as simple as upgrading to a smart thermostat can help you save a ton of money on your heating and cooling bills throughout the year and entice buyers.
Boost your curb appeal
First impressions are everything! If the exterior and landscaping of your home look shoddy, your house is bound to be worth less on the market. In fact, curb appeal can account for up to seven percent of a home’s value. Investing in a landscaping service or adding walkway pavers can go a long way in making your home look better while increasing its market value.
Replace exterior doors
Another way to boost your curb appeal without spending a fortune is replacing your exterior doors (including the garage doors). Because door replacements drastically increase the appearance of your home without costing a ton of money, door replacements can recoup up to 94.5 percent of your investment.
Talk to Coyote Hollow Construction today
Whether you’re considering updating your kitchen, bathroom or your entire house, be sure to hire our pros at Coyote Hollow Construction to tackle the project. With over three decades of industry experience and a wide range of services, we’re the go-to team for anyone wanting to know more about how to add equity to your home.
Categorised in: Home Remodeling