Your home is your most valuable investment. Homeowners who understand how to add value to their homes will reap greater rewards off their investments. If you want to maximize the return on that investment, there are fundamental things you can add that will increase its value over time.
Here are 4 things you can add to your home for maximum value.
1. Exterior Beauty
Your home’s exterior is the first impression it gives your visitors and potential buyers. How your property looks from the outside will influence the value it has to others. This is known as “curb appeal” and is incredibly influential to the value of your property.
Proper landscape maintenance and attention to detail improve curb appeal. Grass should be regularly maintained and gardens kept free from unsightly weeds. Add flowerbeds to beautify your home, and give potential buyers the security in knowing they won’t need to perform additional costly landscaping.
2. An Inviting Kitchen
The kitchen is considered by many as the heart of any home. Kitchens are highly practical, central locations for hosting others and spending time with family.
When selling your home, the kitchen is one of the most important factors for buyers. It affects how they perceive the rest of your property.
There are a number of ways to update your kitchen, including adding quality flooring, countertops, and new appliances. Although the cost of updating your kitchen can be high, the return you’ll receive will be worth it.
3. Adding Storage Space
Homeowners know the importance of adequate storage space, especially for large families. Ensuring that you have available space in attics and garages will increase the value of your home.
Walk-in closets are another addition that can significantly increase the attractiveness of your home to buyers. Basement spaces and any additional storage facilities are also highly valued storage spaces for any home.
4. Modernize the Bathrooms
Bathrooms are another important (and functional) part of any home. Your bathrooms should be well-maintained and updated with modern installations. This includes lighting, sink and bath fixtures, and tiling.
A full renovation can bring you an 80% return on your investment, while increasing the value of your home to buyers. Bathrooms that are clean and designed with a neutral theme will appeal to more buyers.
Adding to the value of your home will increase the return on your most valuable investment. By considering the most important areas, and how to keep them updated and looking great, you’ll maximize your home’s value and earn more in the selling process.