Since acquiring our house over two years ago, my husband and I have been ardently involved in improving its value. Our initial efforts were concentrated on mainly aesthetic adjustments to enhance the overall ambiance. Eventually, our focus shifted to projects that not only made the house more appealing to us, but also increased its market value, considering our future plan to sell.
Owning a home means exploring ways to increase its value through certain specific adjustments. Interestingly, these improvements do not always require a professional contractor. Simple DIY projects can just be as effective. Here are some simple yet impactful ways to boost your home’s value.
1. PAINT THE WALLS: A fresh coat of paint can do wonders to the appearance and value of your home. With simple DIY tools from stores like Home Depot, one can seamlessly execute this task on a relatively small budget, around $75. In fact, experts suggest that painting can easily escalate your home’s value by $2,000. Colour selection, too, plays a vital role in making the room look more spacious and bright.
2. REPLACE YOUR BATHROOM VANITY: Bathroom renovations can be pricey, ranging from $5,000 to $50,000, considering room size, project extent, and materials. If you’re restricted by budget, consider small improvements like replacing the bathroom vanity. It’s cost-effective, easy to install, and enhances the overall appeal.
3. CHANGE YOUR CABINET HARDWARE: To alter the aesthetics of your kitchen, consider replacing cabinet hardware or repainting cabinets. Changes as simple as replacing handles can transform the kitchen’s outlook significantly. Amazon, for instance, offers a variety of affordable kitchen cabinet hardware options.
4. TRIM YOUR TREES: Trees can add a substantial value to your property. However, regular maintenance and trimming are crucial for their health and appearance.
5. INTEGRATE ENERGY-EFFICIENT SYSTEMS: Although not the cheapest option, energy-efficient systems are long-term investments. Newer, eco-friendly appliances are appealing to many homebuyers, and oftentimes, these purchases qualify for rebates.
6. INSTALL OUTDOOR LIGHTING: An easy project to distinguish your home, outdoor lighting provides a welcoming and valuable appeal to potential buyers.
7. REPLACE YOUR ENTRY DOORS: A fresh front door makes the house more attractive from the street and is also a smart investment. A new door can return up to approximately 96% of its cost in value.
8. UPDATE LIGHT FIXTURES: Old light fixtures can detract from your home’s value. Replacing these fixtures, possibly adding ceiling fans, can enhance your home’s appeal.
9. PLANT PERENNIALS: Professional landscaping can considerably increase your home’s value. Instead of annuals, try planting perennials that last longer, reducing the need for constant replanting.
10. REFINISH THE FLOORS: If you have hardwood floors, consider refinishing them to refresh the space and enhance your home’s value. Stores like Home Depot provide useful guides for DIY projects.
11. SMALL BATHROOM UPDATES: Small cosmetic amendments in the bathroom like changing wallpaper or faucets can make a difference in appealing to potential buyers.
12. POWER WASH: Power washing your home can significantly increase its sales value. This cleaning process enhances the home’s exterior, which is the first noticeable aspect of any house.
In essence, increasing your home’s value doesn’t merely mean large-scale renovations or a heavy financial commitment. Small DIY projects or even minor changes in the house can significantly impact its value and appeal to potential buyers. If you reside in an old house and are considering moving, these pointers could be beneficial for you. These improvements not only make the house more attractive but also significantly boost its market value.
Let us know if you have tried any of these suggestions or if there are other home improvement ideas we missed.
