Upgrading your home can increase its value tremendously, but sometimes the budget doesn’t allow a complete home renovation. If you are looking to make changes to your home that will give you the biggest bang for your buck when it comes to the value of your home, then there are certain areas on which you should focus. While you may want to sell the home, increase the value in order to borrow against your equity, or simply start some renovations it is important to consider which renovations will have the most impact.
Whether you are trying to increase your appraised or market value, here are 4 upgrades you can make that will increase your home value.
1. Flooring
Replacing the flooring in your home can have a tremendous impact on its value, as well as how it looks to potential buyers and appraisers. Flooring is one of the first things people notice when entering a home, so it is important to keep it fresh and up to date. If your home is older and it has outdated flooring such as shag carpeting or dingy lino, this will have a dramatic effect on the value and interest people take in your home.
2. Painting
A fresh coat of paint goes a long way in improving the value and look of your home. Old colors, tarnished and chipped paint can have a detrimental effect on how your home looks and how it is valued. Taking the time to repaint, add some fresh colors, and liven up the walls can completely change the interior of your home for the better.
Whether you choose to have professional painters come in and do it all at once, or simply tackle your home room by room, a fresh coat of paint will make it seem like a brand new home, increase its value, and have prospective buyers more willing to place an offer.
3. Security
Security systems are a great place to increase the value of your home, as nowadays people are looking for safety for their family, almost above all else. From installing camera systems to security screens Cairns has to offer, updating your home’s security features will give a boost to not only the value but the quality of happiness and safety felt by its occupants. There are many great ideas and improvements in home security for those who are looking to feel safe and comfortable, and you can install many of these security upgrades yourself.
Working on your home security will go a long way in increasing the value of any home.
4. Windows
Windows are a great area to improve, as they have an effect on the monthly utilities as well. Windows are a huge part of your home’s insulation system, so they should never be overlooked. Updating your windows can have a tremendous effect on the value of your home, as well as decrease the home’s overall heating and cooling costs.
When you are planning renovations that increase the value of your home, there are so many items to take into consideration it can feel overwhelming. Take these options into account when planning your renos, and you will see a marked difference in the value of your home!
