Want to give some extra value to your home? There are quite a few ways to do this, but what would be the most eye-catching? You want potential buyers to like your home right away, so working on a flashy, stylish home renovation can have a huge impact. Here are a few examples of the best upgrades to add value to your home.
Finishing the basement
People like to have a basement in their homes. It’s a convenient area that can be used in many different ways. For one, having things like boilers, water valves, and breaker panels in one part of the home is pretty convenient. Whenever you need to work on home maintenance projects, you can shut everything off from one location if needed. Basements are also wonderful storage areas. As they’re rarely used as living quarters, making them into storage areas is a great idea. Whether you need to store tools, clothes, souvenirs, or items you no longer need, the basement is an ideal choice.
In terms of value, basements are in high demand in today’s market. Not only are you adding more space by having a basement, but you’re also adding more heated square footage without losing any land. This puts the home in a higher price bracket, even before you consider the added practicality of having a basement.
Open floor plans
Another thing you can find on modern buyers’ wish lists is an open floor plan house. Having extra space to work with is always a good idea, and an open floor plan makes homes look and feel bigger. People favour designs that are somewhat open, whether it’s one big room or multiple rooms that feel spacious.
It’s worth noting that there are some practical benefits to open floor plans. For one, these types of rooms are easier to clean. At the same time, you also have a lot more natural light dispersion. Even if you only have a limited number of windows, the light has more space to cover.
However, you may not be able to knock down too many walls to give your home an open floor plan. After all, it has to have structural support in the form of load-bearing walls. It’s recommended that you consult a contractor to find out which walls must stay up and which can be knocked down. This way, you’ll be able to give your home as much of an open floor plan as possible without causing structural problems.
Replace the garage door
While garages are rarely seen as a top priority as far as home improvement projects go, they’re incredibly important for buyers. The garage door is especially important, as it’s the first thing a prospective buyer will notice from the curb—making it an ideal home improvement project.
The good news is that you don’t have to spend a lot of money to replace the garage door. If you can reuse the existing door motor, you can upgrade the door with relative ease. Statistics show that you recoup most of the costs of the upgrade during a sale, but you also attract many more buyers by having a new and improved garage door. All in all, it’s a small but significant investment for upping the value of your home.
Touch up the paint job
You don’t have to repair or upgrade the whole house to increase its value. If you’re looking for a quick and convenient way to up the price tag, a paint job might be just the solution. Touching up the exterior paint job is a relatively cheap job, but it provides enormous benefits for a home’s value.
If you notice any flaking or chips on the exterior, it’s definitely time to redo the paint job, even if you’re not trying to sell your home any time soon. Problems with the paint job or façade can pave the way for mould and mildew, which can then cause damage to the wall.
Before you start painting, it’s recommended that you take a power washer to remove any existing dirt and mould from the walls. Afterwards, pick a colour that would best suit your home and the neighbourhood, as this is another factor that influences buyers.
Introduce new technology
Technology has become an integral part of modern homes. Introducing useful, state-of-the-art technology to your home can have a massive impact on its value. People like the convenience that new tech can bring them, which makes these investments a prime choice if you’re looking to sell.
Smart thermometers are a good example. They allow you to set the temperature of your home for various parts of the day, making it easier to keep things warm or cool without wasting too much energy. Another great thing to have in your home is a smart toilet seat. When combined with a bidet, it can provide the highest possible bathroom comfort and convenience.
There are many types of technology you can add to your home to increase its value, so you should definitely discuss this with your real estate agent.
Swap out fixtures
Another great low-cost way to increase the value of your home is to replace the fixtures in various rooms. Furniture like drawers and cabinets can benefit from new knobs and pulls, and these aren’t expensive replacements. In bathrooms and kitchens, it’s recommended that you get new faucets and other stainless-steel fixtures. However, you don’t just have to go for stainless steel, either. Brass has become especially popular in recent years, as it compliments white porcelain bathrooms perfectly.
Trends vary, and getting the right look for new fixtures can be challenging. It would be a good idea to consult an interior designer and real estate agent to find out what types of fixtures would be best for your home. Not only should the fixture upgrade match the overall look and style of the interior, but it should also keep up with the latest trends.
There are many ways to increase the value of your home in a flashy and eye-catching way. First impressions are everything, and you can be sure that buyers will be looking at everything that your home offers, both in terms of visual and practical appeal. Consider some of the examples we’ve listed and see if there’s something you can add to your home to up its value.