So, you’re looking for creative ways to increase the overall value of your home.
Perhaps you have intentions of selling your home soon and want to get the most money possible out of the deal. Maybe you’re refinancing your mortgage soon and you want to get a good deal to make some upgrades.
Regardless, you want tips on how to increase home appraisal value without breaking the bank.
If this sounds like you and your current situation, you’ve come to the right place! In this article, we’ll break down 5 tips on how to increase your home’s appraisal value, including a few you might not have thought of before.
We’ll tell you about a few major repairs or replacements that you can make to add value to your home as well as minor changes that can still make an impact. That way you have plenty of options going forward!
Now then, let’s get started!
1. A Fresh Coat of Paint Goes a Long Way
If you’re looking for an affordable upgrade that you can do yourself, consider freshening things up with a new coat of paint. If you have the skills to go the DIY route, you can cut the costs in half.
Also, you’ll have something fun to do this weekend if you have a friend to help you with the project.
Not sure which rooms or areas are worth painting over others? A good rule of thumb is to stick to living areas, like your living room, kitchen, and dining room.
2. Update Your Appliances and HVAC System
While you may end up spending more money than if you painted a few rooms, updating your appliances can add a ton of value to your home.
Kitchen appliances, in particular, can really help your house stand out to potential buyers, too, which is a nice bonus.
A pro tip? Consider buying your appliances in a complete set. Not only are you going to get a whole new kitchen, but you’ll save money
and keep everything looking the same, which is attractive to potential buyers.
While replacing your HVAC is one of the biggest repairs you can make to your home, you should be able to get that money back in a sale.
Even just a partial replacement or a few major repairs is enough to make an impact on your home’s overall value.
3. Improve Your Home’s Energy Efficiency
Updating your HVAC system will improve your home’s energy efficiency rating greatly. But if you’re looking for a cheaper way to get similar results, there are a few other things you can do to make your home more energy-efficient.
Resealing your windows, or even replacing them completely, can add value to your home. Replacing any floor or attic insulation can make your home more energy-efficient, and thus, more valuable, too.
Something as simple as installing a programmable thermostat can even add some value to your home if you’re looking for an ultra low budget addition.
4. Focus on Your Home’s Curb Appeal
Believe it or not, there really is such a thing as love at first sight. By improving your home’s curb appeal, you’ll be increasing your chances of making a sale as well as improving your home’s value.
Not sure how to go about improving your home’s curb appeal?
Simply pressure washing your home is more than enough to increase its value. With that being said, if your budget allows for it, consider spending some money on your landscaping, too.
While you’ve got the paintbrushes out, consider painting your home’s exterior. However, if you need to use a high ladder to get the job done, you should consider outsourcing the job to a professional.
Having issues with bugs outside of your home? Consider contacting Mosquito Authority, you’ll be glad you did when the problem no longer exists!
5. When in Doubt, Stay in the Kitchen
Figuring out what areas of your home are worth investing in can be tricky. And while every home is different, it’s never a bad idea to put a ton of resources into your kitchen.
Studies show that when it comes to getting your money back in a sale, money spent on kitchen upgrades offer the biggest return on investment. Potential buyers also tend to have kitchens high on their list of priorities, which is worth noting.
So, if your budget is tight and you can only afford to upgrade one area of your home, stick with your kitchen. You’ll get the most bang for your buck and increase your home’s revenue.
5 Awesome Tips to Increase Home Appraisal Value: A Breakdown
Well, there you have it! Those are 5 awesome tips on how to increase home appraisal value! As long as you keep these ideas in mind, you should be able to get the most out of any time or money you spend upgrading your home!
Remember, if you’re going to put money into one area of your home, make sure it’s your kitchen. All living areas offer a good return on your investment, but none pack quite the punch that kitchen upgrades do.
If you have a bigger budget, appliance and HVAC upgrades are a great way to increase your home’s value. New windows and insulation can make your home more valuable, too, as well as more comfortable for you and your family.
Smaller fixes, like painting rooms and installing a programmable thermostat, can help out as well. Also, don’t forget about the outside of your home, too.
Curb appeal is extremely important and another area you should consider investing in if your budget allows for it.
Looking for more ways to add value to your home? Check out our blog!