Thinking of remodeling your home to boost the sale price? If so, you’re far from alone: U.S. homeowners spent around $433 billion improving and maintaining their homes in 2021, with many hoping to recoup some of that cost upon sale.
Although they are quite costly without a home warranty plan, the best home improvements will offer a huge ROI, while others aren’t worth your time—but how can you find the best ways to increase home value?
We’ve got you covered! As you work on how to improve home value, make sure to put these easy home renovations and upgrades on your to-do list.
1. Clean and Declutter Your Home
Before we get into a few renovations that increase home value, it’s worth noting that there’s something simple you can do for a great boost in resale value: clean your home.
Buyers find it easier to envision themselves in spaces that have few existing personal elements. In other words, your cluttered belongings have to go! Take some time to throw away, store, or donate old belongings, and consider investing in a few simple home staging strategies.
2. Add a Fresh Coat of Paint
Whether your walls are looking worse for wear, your color scheme is outdated, or you’ve noticed pitting or cracks from older paint jobs, a fresh coat of paint can help. You can expect to spend between $2-6 per square foot on a good paint job, but the right neutral paint color can help you create a pleasing scene for prospective buyers.
3. Improve Your Energy Efficiency
Today’s buyers are looking for energy-efficient homes that offer great savings and the latest tech. While it’s easy to invest in this by updating older appliances or your home’s thermostat, you can also do a few simple DIY tasks like adding insulation to your attic or replacing outdated windows.
4. Pave or Upgrade Your Driveway
Paving your driveway can be an easy way to ramp up your curb appeal fast, especially if you have a pitted or cracking driveway—or worse, no driveway at all. In addition to easy maintenance and affordability, one of the key benefits of a concrete driveway is that it adds functionality and character to your home’s exterior, allowing you to elevate the look of your property.
5. Replace Your Front Door
It may seem like a small factor when it comes to your curb appeal, but research shows that a new front door can add up to $24,000 to a home’s resale value. The best upgrades will be tough enough to stand up to the elements and intruders while remaining attractive enough to catch the eye.
Know How to Improve Home Value
Knowing how to improve home value can mean the difference between a wise investment of your time and money and an investment that costs much more than it earns. The five tried-and-tested approaches above can help you increase home value fast, so consider adding them to your renovation schedule for great results!
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