6 Ways to Increase the Value of Your Home

An array of solar panels on the red roof of a house.

When it comes time to sell your home, getting top dollar is crucial. By upgrading and renovating while you’re still living in your home, you can guarantee to get the most for it when you sell.

1. Smart Technology

Most people looking to buy a new home want it to be upgraded with technology that enhances safety and functionality. Smart technology does both of those things, and is becoming cheaper and more readily available. Some examples of “smart” devices include:

  • Smart thermostats
  • Smart door locks
  • Smart cameras
  • Smart fire and carbon monoxide detectors
  • Smart home hubs (Amazon Echo, etc.)

By incorporating smart devices into your home, you are able to control everything from blinds to kitchen appliances and more. Because all of these can be connected to your smartphone, you can have total control of your house from anywhere in the world.

2. Expanding

Bigger homes tend to sell for more money. If you are able to knock down a few walls to open up space or add an extra room, it could significantly raise the value of your home.

3. Redoing Your Front Yard

Curb appeal is important. You want potential buyers to fall in love with your house before they even go inside. Even if you don’t have a green thumb, there are tons of small improvements you can make that will make a huge difference. Whether it’s redoing the grass or adding a walkway decorated with plants and flowers, making your front yard look nice will give a convincing first impression.

4. Update Your Appliances

New, clean-looking appliances will not only make your house more beautiful but also increase its value. This could mean adding a stainless steel refrigerator and dishwasher or simply upgrading appliances to the newer models. If you are not particularly artistic when it comes to interior design, hiring an expert in the field or looking for ideas online can be a good way to get inspiration. The rule of thumb when it comes to appliances is to make them match. Installing new appliances made out of the same material with a similar look and style will make your kitchen more eye-catching and your house more valuable.

5. Make Your Home Energy Efficient

Lowering your home’s energy costs will save you money while you’re still living there and provide a key selling point. You can install high-efficiency windows that help insulate the house and bring down the electric bill. If you’re looking for a lower-cost option, you can switch out incandescent light bulbs for LEDs or add more insulation around your house. Currently, the popular energy-saving option is solar panels. While they are not exactly cost-efficient at first, they can significantly lower your electric bill and significantly boost property value.

6. Upgrade the Fundamentals

How old is your water heater? Garbage disposal? Electric box? These are things that most people don’t think about but will help you get more money for your home. When the fundamentals are old, buyers often negotiate the price down so they can use the extra money to replace them. If they haven’t been replaced in a long time, now is the time to do it!
While some of these options can be pretty expensive, active military and veterans can refinance with a VA Home Loan and invest that money back into the home. If you have any questions regarding VA Home Loans, don’t hesitate to contact us!

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