Are you planning to sell your home in the near future? Interested in increasing the value of your home investment? Homeowners can affect their home’s value over time by making upgrades and changes that increase its appeal and chances of appraising for top dollar.

4 Strategies to Increase the Value of Your Home

Simple solutions such as adding modern fixtures and technology, plus creating living and entertaining spaces inside and out, will increase your home’s market value and help you build equity over time.

Keep reading to learn about four ways to increase your home’s value.

Upgrades that add square footage

While no two homes are the same, price per square foot is a helpful way for buyers to compare two similar homes in the same neighborhood. One way to increase your home’s usable square footage is to add a new room – such as a new home office or sunroom. Or, you could finish unused space you already have – like an attic or basement.

Adding a room to your home can increase your home’s value, but it can cost a few hundred dollars per square foot. Even though plenty of home improvements can be DIY, you should consider hiring a contractor if you add to your home’s square footage. Just make sure you do your due diligence and hire a professional who’s licensed and insured.

Modernize with Smart Technology, Updated Fixtures, and New Appliances

No one wants a dated home. However, some of us get so used to our decor that we fail to realize what others might be seeing when they look around. Luckily, some of the things that most obviously and instantly date a home are also in many cases easy to remedy. Updating things like light fixtures, hardware, or your front door to something more modern can breathe new life into your home. And these can be inexpensive and DIY projects. 

Prospective buyers also love updates that make homes more efficient. Those looking to lower their energy consumption will be on the lookout for LED lighting, enhanced insulation, and upgraded appliances. Energy-efficient appliances are more than just trendy – they offer a ton of appeal to buyers and help hold the asking price of your home, and even increase the likelihood of it going above the asking price.

Did you know adding technology to a home can significantly increase its value without breaking the bank? Simple gadgets and smart devices such as WiFi-enabled thermostats, voice-controlled lights, smart locks, video doorbells, and home security systems can give your home increased convenience and functionality. To a prospective buyer smart features give off a sense of modernity and style.

Spruce Up Your Curb Appeal

Curb appeal is all about little outdoor details. Naturally, realtors recommend that sellers improve their curb appeal before listing a home for sale. 

Landscaping is a great way to improve the look of your home, and attractive landscaping implies that you maintain your home. Simple landscaping features such as new plants and fresh mulch can help your home make a great first impression. These changes don’t cost much, and you can do many of them on your own. Both potential buyers and appraisers will be influenced by the visual impact.

Consider upgrading your outdoor entertainment spaces too. Those who enjoy spending time outside will appreciate things like a fire pit or outdoor fireplace and a deck or patio. Even simply adding or upgrading the outdoor lighting to enjoy your space in the evenings can make a big difference. 

Clean, Neutral Paint Colors

Paint is magic, and it has the power to completely transform your home. A fresh coat of paint can make even dated exteriors and interiors look fresh and new, and it’s not that expensive, either. Consider painting your interior walls a neutral color to make your home look more spacious and clean. Neutral colors also make it easier for potential buyers to imagine themselves living there because the paint goes with just about anything. A fresh coat of paint can work wonders for your home and can potentially increase its value by thousands of dollars. 

Are You Ready to Sell Your House?

These home renovation ideas are a great way to reinvent your living space while potentially putting more money into your pocket when it comes time to sell. Clarion Title is ready to assist you when you are ready to put your home on the market. We are committed to protecting your purchase and providing the insurance you need to secure the title to your investment. 

See what Clarion Title can do for you. Contact us for a free quote today!

This material is provided as a courtesy and for educational purposes only. Please consult your title professional for specific information regarding your situation.