The value of homes in the United States took a dramatic turn for the worse after the 2008 recession hit. In some areas, home values lost as much as 50%. While the economy is gradually recovering from its low point four years ago, home values continue to remain at all-time lows throughout much of the country.
If you plan on selling your property in the near future, follow some of these tips to help increase the value of your home:
Your home’s exterior features
The easiest way to increase the value of your property is to paint the exterior of your house. A good coat of paint often makes a large difference in the selling price. Another way you can increase the value of your home is to transform and maintain your lawn and garden. Plant new grass, flowers and even some small trees, if necessary. Painting the exterior of your house and updating your landscaping can increase your home’s value by as much as 10%.
Update your kitchen
Updated kitchens can add significant value to a house. Consider installing stainless steel appliances, add a fresh coat of paint and install track lighting above your counter to create a more comfortable ambiance. All of your cabinetry should be in good condition and the flooring should be updated to a nice hardwood, tile or laminate material.
Update your bathroom
Everyone loves a spacious bathroom. To get the most value out of your bathroom, consider installing vanity sinks and a low-flow toilet. Get rid of any florescent lights and unnecessary clutter. If you can afford it, install new tile that’s light in color. When it comes to your bathroom, comfort is of the utmost importance.
One of the easiest ways to increase the value of your property is to add a fresh coat of paint to the interior of your home. While you may think red and black walls are cool, potential buyers will most likely frown upon such a color scheme. When painting the interior of your home, stick to neutral colors such as white, tan, light brown and light blue.
Install a security system
No joke, these can actually help. It all has to do with the inherent value of safety that these systems convey. Not to mention that, in the criminal world, homes with security systems have a kind of untouchable reputation – the kind of reputation new homeowners would just love to have. Local security system specials and deals on all kinds of systems can be found online, easily.
Energy efficient windows are very popular among homeowners these days. Installing energy efficient windows can drastically reduce the costs associated with utility bills and also give an updated look to your home. While new windows may cost thousands of dollars to install, you’ll make more than enough money back when you sell the house at a higher price.
Wooden trim is great for accenting your home’s walls. Choose a high quality trim product that goes well with your home’s colors. A lighter color trim may work best, however, you can always choose to paint the trim a different color if you feel it doesn’t work well with the rest of your house.