The real estate market is constantly changing and if you’re looking to get the best price possible for your home then you need to make it better than the other comparable houses on the market. Homeowners are constantly looking for ways to improve the value of their homes, even those who aren’t looking to sell. Here are some home improvement tips that can help you increase the value of your home.
Fix the Broken Things
Whether you are selling or not, home maintenance means fixing the broken things even the small things. This is paramount when you are selling and have buyers coming through your home. That broken tile in the corner of the bathroom may not bother you but it will bother a buyer. Now is the time to fix that broken tile, pain your front door, make sure your fence is fixed. You will need to go through your home with a fine tooth comb and look at it objectively. You need to take the point of view of a potential buyer and get rid of anything that may impede a sale. This also reassures buyers that the home is well maintained and nothing is likely to go wrong.
Replace Old Inefficient Windows
New windows don’t just make your home look good they also make it more energy efficient. This is an added bonus for potential home buyers that your home is energy efficient and if they buy they won’t have to spend a fortune on utilities.
Don’t Neglect the Exterior
Don’t overlook curb appeal when it comes to improving the value of your home. Make sure your lawn looks good and the bushes are all trimmed and your home can be clearly seen. Replacing the front door provides a huge return on your investment. The same goes for the backyard as well as the front. Make the backyard an appealing place where family can gather. Decks and outdoor living spaces can boost the value of your home as well.
Use All Available Square Footage
Do you have an unfinished basement doing nothing or a spare bedroom you are using to store Christmas decorations? Turn them into living space. Finishing your basement and making it into an office or a media room adds tremendous value to your home. Unused square footage is like throwing money away. Finishing your basement is offers one of the best home improvement returns available. If you’re handy and can hang dry wall you may even be able to handle the project yourself.
There are other projects like bathroom and kitchen renovations that can also add value to your home but those are also big expensive projects that don’t always produce the ROI you’re looking for. Be cautious with your renovation dollars.