Here are 21 smart ways to increase your home value (listed from cheapest to most expensive)!
What We’ll Cover On How To Increase Your Home Value
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Why Increasing Your Home Value Is Important
If you’re considering selling your current home, then you’ll need to start thinking of smart ways you can increase your home value.
Increasing your home value is important since real estate transactions are usually the largest pieces of a person’s financial portfolio.
You’ll want to make sure you give this process a great deal of thought so you’re in the best possible financial position once your home sells.
Increase Your Home Value On Any Budget
Not everyone has the budget for a complete kitchen renovation or to add a backyard swimming pool, but that’s okay!
There are many ways you can increase your home value on any budget.
Ranging from free to more expensive, here are 21 ways to increase your home value!
21 Ways To Increase Your Home Value (Cheapest To Most Expensive)
Price Range: Free To $100
1. Research (Ask For Advice)
Since you’ve found this post, you’re already getting started on increasing your home value!
Like all projects, research is required when you’re planning to upgrade your home.
You don’t want to rush into expensive projects only to realize they don’t add financial value to your home.
Ask your friends, family, coworkers, and realtors about projects they’ve completed or have seen add value to other home sales.
Research comparable homes in your area that have sold recently and see what those sellers did to obtain their selling price.
2. Declutter & Organize
Trust us, selling a home that’s full of clutter is difficult!
You want your home to feel easily customizable to buyers, not like they have a ton of work cut out for them.
Having a clutter-free space allows buyers to envision their lives in your home much easier.
Remove clutter, add in a few storage options, and watch as the living space in your home grows!
3. Update Socket & Outlet Plates
Socket and outlet plates can get outdated and dirty very quickly.
Many hands touch them all day every day, so it’s no surprise they can end up in rough shape.
However, these items can be easily replaced with little to no stress!
Consider a pack like these fade-resistant outlet covers for this project!
4. Upgrade Cabinets & Hardware
Cabinets are a major selling point when buyers are considering purchasing your home.
There are many ways you can modernize your cabinets on a budget and sometimes even paint-free!
However, adding in modern hardware is a perfect way to elevate your cabinets in no time.
Price Range: $100 To $500
5. Consider Pre-Inspection
Inspections during the selling process of a home can be nerve-racking!
The potential of being hit with a list of extensive repairs can cause anxiety in any home seller.
Instead, consider a pre-inspection of your home to remove unnecessary stress.
This will give you peace of mind and allow you to potentially increase the selling price of your home.
6. Boost Your Curb Appeal
Curb appeal can make or break the sale of your home!
It’s what potential buyers see when they pull in for a walk-through.
After all, you only get one chance at a first impression.
Here are tasks you can complete to improve your curb appeal:
- Cut the grass
- Remove any dead or decaying plants
- Trim trees and hedges
- Plant a few flowers
- Power wash the driveway
- Fix and clean the gutters
- Upgrade to a durable mailbox
- Clean exterior windows
- Repaint the front door
7. Switch To Modern Light Fixtures
Lighting is everything, and outdated fixtures can drag down the appearance of your home.
Upgrade your light fixtures to modern options, like flush-mount chandeliers.
New light fixtures can drastically change the overall look of any room and can brighten any living space.
8. Add Neutral Paint
While bright and bold colors can look beautiful in a home, it might be difficult to find a buyer with your tastes.
To avoid this and to appeal to a larger audience, consider painting the interior of your home a neutral color.
If you’re on a tight budget and can only select a few rooms, paint main spaces like bedrooms and the living room.
Price Range: $1,000 To $5,000
9. Remove Popcorn Ceilings
Popcorn ceilings can make any room in your home appear dated!
Smooth ceilings not only look modern, but they also hold less dust and allergens.
To increase your home value, hire a professional to remove the popcorn ceilings and also test for asbestos.
10. New Window Treatments
While windows are usually highly favored by home buyers, having no window treatments can make your space look plain.
Increase your home value by investing in quality blinds, shades, and curtains.
11. Smart Home Accessories
As time goes on, homes are only becoming more and more dependent on smart technology.
Consider incorporating these smart home accessories during your upgrade project:
- Smart thermostat
- Security systems with video capability
- Bluetooth locks
12. Fresh Flooring
Fresh floors will undoubtedly increase your home value.
Hardwood floors are the front runner in terms of buyer preferences, but tile and engineered hardwood are also great options!
Consider minimizing the amount of carpet you have in your home, as it is mostly trending out of style.
13. New Kitchen Appliances
Kitchen appliances can be amazing selling points for most buyers.
Update your kitchen appliances to a matching set in modern materials, if possible.
If you’re on a budget, update your refrigerator as it’s the appliance that is in constant use.
14. Replace Garage Door
Garage doors are often overlooked, but they are incredibly important when increasing your home value.
As time goes on, garage doors naturally fade and their functionality gradually decreases.
Invest in a new garage door and improve both your curb appeal and future profit.
15. Add Outdoor Furniture & Structures
Outdoor spaces are wonderful areas you can improve to increase your home value!
Here are a few outdoor structures and furniture pieces that are perfect investments:
- Pergolas
- Patio bars
- Hardtop gazebos
- Tables and chairs
- Hot tubs
Price Range: $5,000 And Up
16. Bathroom Renovation
Bathroom renovations are one of the most popular projects that sellers undertake when trying to increase their home value.
Modern bathrooms are in high demand and your return on investment on this project could be as high as 70%.
If you’re on a budget, pick the area of your bathroom that needs the most work!
17. Energy Efficient Windows
By incorporating energy-efficient windows, your buyer will save money on both heating and cooling.
This is a major selling point and financial benefit that many buyers will be interested in!
18. Replace The Roof
Even if the interior of your home is perfect, some buyers will back away from houses with old roofs.
Old roofs can lead to leaks and extensive water damage.
Replace your roof and show buyers that the overall home has been cared for!
19. Increase Square Footage
If you’re able, consider increasing the square footage of your home.
Here are the most popular ways you can do this:
- Finish the basement
- Construct an above-garage room
- Add another bathroom
- Build a second story
- Incorporate a mudroom
- Extend the kitchen
20. Install Solar Panels
Solar panels are another great way to signal to buyers that they will be able to save on energy!
According to some real estate experts, homes with solar panels also appreciate at a greater rate than homes without them.
21. Insulation Upgrade
Adding upgraded insulation is a smart way to make your home more energy-efficient and attractive to buyers.
With this upgrade, you’ll be able to leverage a much higher selling price!
Key Takeaways On How To Increase Your Home Value
There are many smart ways to increase your home value!
No matter your budget, there are several projects you can do to achieve a higher selling point and produce more profit.
Happy updating!
What’s your favorite idea on how to increase your home value?
Comment below and let us know!
This post was all about the 21 best ways to increase your home value!
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