Your home is likely the most precious asset you own, so it makes sense to get as much out of it as possible when the time comes to sell. According to Statista, the average gross profit produced from flipping houses in 2018 was $65,000. But you can increase that amount significantly by making the right repairs.
If you are looking to sell your home in the near future, there are various ways to quickly increase your property’s value. If you are only planning to sell your home a few years down the line, it is vital to ensure that any investment you make for its value is something you can capitalize on during your stay.
In this way, you can improve the quality of your life at home while making sure that you get more while you’re away. With this in mind, we have put together a list of 7 significant ways to add value to your home.
Apply a New Coat of Paint
Once you grab some painter’s tape, a roller, and a few brushes, you will only must spend about $25 on a gallon of paint. Even if the upfront investment is low, a fresh coat of paint will go a long way in making the room look fresh and clean. Stick to modern, neutral tones to appeal to a wider demographic of buyers.
Increase Your Security
A recent crime report found that 75% of US homes will be the victim of a burglary in the next 20 years. Having an effective and reliable security system won’t only increase the value of your home, but also make it much more secure during your stay. The chances of your property being damaged from the robbery will go down in the process.
Consider investing in a modern security system that provides features such as cameras, alarms, sensors and mobile access to surveillance. Multiple home security system packages include additional services such as emergency response and roadside support, supplying you with more advantages.
Reduce Energy Consumption
Energy efficiency is a key selling point for contemporary homes. Depending on your budget, you have a number of options here. If you are willing to make a larger investment, consider installing solar panels. Those on a smaller budget may opt for easy changes, such as installing Energy Star-rated LED bulbs and appliances.
Get Rid of the Popcorn Ceiling
Popcorn ceilings can significantly damage the value of your home. Thankfully, removing them is pretty easy DIY projects that does not take up much time or money. Keep in mind that some popcorn ceilings contain asbestos, so consulting a professional may be a better option.
Increase Visual Space
While you cannot physically enlarge a property, you can visually increase its size. For example, you could install a mirror in a smaller room to give the illusion of a bigger room. Additionally, remove any drapes or drapes and install blinds or vertical shutters for a more modern, streamlined look that also lets in additional light. Consider installing skylights and removing any elements that block natural light.
Replace Your Carpet
Carpet is a little bit of an eyesore lately. They can make a home feel dusty, dirty, and outdated. Prospective home buyers are also more interested in houses with wooden or ceramic floors. They are easier to clean and can make a room look more modern. If you have enough time, consider taking this as a DIY project to cut costs down.
Update Heating System
Older homes tend to have outdated heating systems, or none at all. Either way, this can hurt your home’s value. Central heating systems nearly at all times provide an excellent return on investment and, if you are planning a brief stay, make getting up on a cold winter morning a lot less painful.
In addition to installing a new system, you can even take a number of actions to increase the efficiency of that system. For example, you can seal off any drafts that let cold air in and replace the windows with new double-glazed windows. You can even insulate the roof and walls to further increase efficiency.
Conclusion
This easy, affordable upgrade will make a significant difference in the value of your home. Since most of it can be done as a DIY project, you will even have plenty to do when boredom strikes.
