5 Great Ways to Add Value to Your Home

by Greg on June 3, 2020

woman installing light bulb

If you’re wanting to add more value to your home to increase its resale or appraisal value, there are certain home improvements that can definitely make your property worth more. The right improvements can also make living in your home safer and more convenient for both you and any other occupants who might buy your property in the future. Here are five great ways to add value to your home.

Add More Technology
Even if you live in an old-fashioned home, it’s still a good idea to add technology to enhance the quality of living there. Smart technology offers many conveniences and is often easy to program. Smart thermostats, lighting, and fire detectors are all available to make living easier. You can even have smart keypads and locks installed on your doors to give your home extra security. If you want to make your home even safer and more valuable, you can get a smart home security system that includes surveillance cameras and other equipment to better protect your premises. Another way to increase your home’s value and functionality through technology is to purchase some energy-efficient home appliances such as a heater, an air conditioner, and a refrigerator.

Install New Flooring
This will definitely require an investment of time and money, but having new floors installed can pay dividends when it comes time to sell or have your home appraised. If you have carpets, you can have the underlying flooring materials replaced as well as the carpets themselves. Mahogany, teak wood, and bamboo floors are considered to be among the most valuable hardwood flooring options. For even more value, you might want to add some heating mats underneath the floors so that they’re comfortable to walk on during the cold winter days.

Address Any Basement Issues
Your basement shouldn’t go neglected and making the necessary improvements can greatly increase your home’s value. Any cracks in the floors should be sealed to prevent radon from leaking into your basement and creating a health hazard. You can also use basement waterproofing products to keep moisture from causing mold growth or other damage. Your basement might additionally need new drywalling put in or paint applied to the walls and ceiling so that it’s up to standard. If you’re worried that bad smells in your basement could cause home appraisers or potential buyers to rate your home at a lower value, try using baking soda or other air fresheners to eliminate the odors.

Improve Your Kitchen
The kitchen is one of the most important rooms in a home, and you’ll be doing yourself a favor by updating your kitchen with the right improvements. Having old appliances replaced with modern stainless steel ones can definitely make your home worth more. The sink and faucet may also need to be replaced to give your kitchen more modern appeal. Removing old-fashioned wallpaper and painting the walls in a neutral color can be another smart move. HGTV.com suggests having new light fixtures installed to make your kitchen look even more updated. New counters can revitalize your kitchen and make preparing meals more fun. If your kitchen cabinets are old or have a lot of damage, consider replacing them. You can even expand your kitchen with a side-return extension so that it has more space.

Invest in Professional Landscaping
The state of your yard will also impact your home’s value, and having your yard professionally landscaped can make your premises look much more refined and inviting. Having a new lawn and garden put in can make your property more functional and appealing to potential buyers. Weeds, dead trees, and other unattractive features should also be removed so that your property can look its best. You can even add hardscaping and other features to serve as dividers in your yard so that it looks better organized. Another smart idea is to plant drought-tolerant plants and perennials that won’t die easily or wilt from the heat in your yard so that your vegetation always has a fresh appearance.

Doing the necessary work to increase your home’s value can be one of the smartest things that you can do as a homeowner. You’ll likely be happy with the results and can profit more from your home when the right improvements have been made.

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