How to Increase Your Home Value in a Cost Efficient Way

How to Increase Your Home Value in a Cost-Efficient Way that Gets You a Return on Investment.

1. Update your home’s finishes.

Some studies show that. a fresh coat of paint can increase your home's value by as much as 5%, don't underestimate the power of that new paint smell!

2. Upgrade to energy-efficient features and appliances.

This has been becoming more & more popular but it is a sure way to increase the value of your home. Solar panels for example can increase a homes value by up to 4.1%. If your house is worth around $500,000, that's an extra $20,000!

3. Freshen up your curb appeal.

Did you know lots of buyers make their decision before they ever step into the home? Landscaping goes a long way. Make sure you have a well-taken-care-of lawn & yard to really stand out amongst all other potential homes they could buy!

4. Put your money into your kitchen and bathroom.

Many real estate agents will tell you that kitchens and bathrooms are the rooms that sell homes.

The return on this renovation can often be 2x what you put into it or more!

5. Finish off your basement or other unfinished spaces.

Finished square footage is an important calculation when determining your home’s fair market value - make sure you have as much finished square footage as possible to get the highest value possible.

6. Clean and declutter before showing your home.

Super simple, and free. Cleaning & decluttering can go a long way. It may seem pointless, but psychology can not be underrated, and we've all walked into a non-clean & cluttered house before, how'd that make you feel?

Bonus tip: Use a fresh coat of paint to revive worn spots.

Is your home looking a little worn, inside or out? A DIY paint job carries a low cost for materials, but this can still have a big increase in perceived value from potential buyers!

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-Joanie McCutcheon

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