Owning a home is something many people aspire to do. Once you have your home, improving it can make it even more convenient for you, in addition to increasing the value. The home improvement industry is massive, as the market is worth roughly $475 million. Americans invest a lot in homes, so it’s important to be sure you get a good return on your investment. Below, you will find the top 5 ways to increase your house’s value.
Top 5 Ways to Increase Your House’s Value
Over half of Americans have planned to improve their homes in recent years. On average, homeowners spend around $15,000. Increasing the value of your home with an improvement project offers several benefits. It can increase the resale value and make it much nicer to live in. Consider the top ways to increase the value of your home.
Add a Room:
Adding a room to your home is one of the most beneficial methods for increasing your home’s value. It can enhance both the value and function of your home. Room additions can be used as another bedroom, guest room, home gym, or even an office. The increase in square footage and room numbers can dramatically boost the resale value. This is especially true with the growing cost of housing and the reemergence of multi-generational families living in one home.
Remodel the Kitchen:
The kitchen is one of the busiest areas of a home. From cooking meals to eating with family, the kitchen can endure a lot of wear and tear. This is especially true compared to other areas of your home that are less busy. A kitchen remodel can yield a substantial return on investment. This is true when it comes to your home’s overall value, in addition to the functionality. Having upgraded appliances and a more user-friendly kitchen space can make preparing meals and hosting much easier. Working with a skilled design firm can ensure that your kitchen remodel is a beneficial investment.
Improve Energy Efficiency:
Upgrading the energy efficiency in your home offers several benefits. It can reduce your utility costs, which can result in major savings if you have a large home. Some considerations include energy-efficient windows, smart home systems, and even solar panels. In addition to saving on your energy bill, an energy-efficient home is something modern buyers are interested in. The investment into sustainability offers homeowners convenience with ease. Things like programmable thermostats and lighting systems are a great option for busy families.
Focus On Curb Appeal:
The power of sprucing up the outside of your home is major. This is especially true if you are considering selling your home in the future. This includes larger projects, such as painting the outside, improving the roof, or adding more to your front porch. It can also include smaller projects, such as keeping the lawn mowed, pressure washing the outside, or even adding some new flowers. Focusing on the details on the outside of your home can increase the overall value.
Include Smart Home Technology:
Technology has become an integral part of everyday life. You likely have your phone with you at all times and may even have other devices, including a laptop or tablet. Including technology in your home can improve the overall value due to the major benefits. Being able to close your garage door, turn off the lights, or adjust the thermostat with just one click can be extremely convenient. Consider ways you can include smart technology in your home to enjoy all of the benefits, including an increase in the overall value of your home.