When people look at adding value to their homes, they often think about renovating the kitchen, improving the landscape, adding or remodeling a bathroom or installing new windows. How many of you agree that these are great ways to increase your home’s value? I hope all of you said yes because they are. However, today I’d like to talk about some lesser-known ways to add value to your home.
Help the Home Office – For an increasing number of people, working from home has become a necessity. If you already have an office, help it out with a fresh coat of paint, new or refinished shelving and cabinets (and hardware), and give it a general facelift. If you do not already have an office, convert an unused den or portion of an infrequently used room. You could easily have french doors installed to give a office that finishing touch.
Map Out a Master Suite – According to real estate agents, master suites are a feature that homebuyers are demanding (33% are more likely to buy a house with a master suite). If you don’t already have a master suite, try to work within the original plan of the house, which will keep the cost down. Just remember to make the space a little more open.
Design a Deck – Homebuyers are looking to either maintain or improve their quality of life, and a deck is just the trick. While relatively low on the expense side, it can provide a phenomenal return of investment. On the side of caution, though, do not go too extravagant and be sure to match your renovations/additions to the neighborhood.
Play with Paint – Formerly known as the best way to add value, a fresh coat of paint has slipped by countless homeowners looking to sell. Even though it is inexpensive and easily applied, paint can significantly change the look of the home. As a suggestion, if you do not have a good amount of experience in the painting field, be sure to hire a professional.
Attacking the Attic – Yes, space for storage is a concern for a number of homebuyers, but adding living space and keeping storage space is a tremendous draw. Because attics are typically well…not typical spaces, utilize recessed windows, hardwood flooring, built-in clothing storage, and as much natural light as possible which will all add to the open/spacious appearance.
Flexible Floor Plan – When people tour your house, they want to make sure that they are able to transfer their styles and opinions into the home. Stay on the side of caution if you pigeonhole your rooms into a specific niche (i.e. a library that cannot be converted into a den or living room).
Fix the Fixtures – From a minor light fixture to the dining room, and from the kitchen sink to the bathroom sink you want to make sure that the fixtures are updated. People love to see ceiling fans in homes so remember to replace the old blades with new ones as well.
Detail the Door – The front door makes one of the biggest impressions on a first visit. Try to either choose a color that is sturdy and stable, or decide on a natural wood stain that will also give the feel of a solid home. Along with the paint or stain, be sure to replace the hardware of the door.
De-Clutter the Closets – Storage organization is key, and something that homeowners consistently miss. Inexpensive storage units that fit inside most closets can be found in a slew of stores. Now, you don’t necessarily have to sell the organizational unit, but it provides functionality to the potential buyer.
Do Away with Divots – As I mentioned above, the landscaping is typically something that homeowners focus on, but something that is almost always left out is the condition of the driveway. Having a new (or newer looking) driveway will make your home appear well cared for and in great condition. This is, simply, one of the easiest things for a homeowner to accomplish on their own as well.
Larger projects that add square footage and living space are a given to add value to your home. However, there are also little known secrets that will accomplish the same goal and potentially save you some money in the long run as well. Remember, if you have any questions on how to accomplish these tasks please feel free to contact me at any point. Enjoy adding value to your home!