Many things can affect the value of your home. Some things you don’t have control over and can’t change, such as the age of the house, the location, the economy, etc. However, there are some things that you can do to increase the value of your home. Keep reading for five suggestions on how to do so.
1. Finish the Basement
Many homes have unfinished basements. While it is included in the total square footage of your home. This space is great for allowing the kids to run around and get their energy out, but it is not factored into the livable square footage of your home.
Houses with more finished square feet are generally worth more money. Thus, finishing your basement will increase the value of your home. Even if you don’t plan on selling any time soon, think about the added benefits of having more liveable space in your home.
2. Add a Home Office
Thanks to the Covid-19 pandemic, more people are working from home than ever before.
Some people can be productive while sitting on the couch with a laptop on their lap, tuning out the noise of everything around them. Other people, however, need a separate, quiet space to do their work.
If you have a spare bedroom that is not being used, converting that room into a home office is a great idea. A home office will appeal to many of your prospective buyers.
3. Add an Outdoor Living Area
There are many benefits of having an outdoor deck or patio area. Some benefits include more space to entertain guests, the perfect place to relax with a good book, or a quiet place to enjoy your morning coffee. Below are some good ideas for including in your patio area.
Patio Cover
If you are going to add a patio area to your home, don’t skimp on the cover. A patio isn’t truly complete without a patio cover, such as a pergola.
Patio coverings help protect your outdoor furniture from the elements, keep your patio area cooler, and make it possible to still host a party no matter what Mother Nature has in store.
When choosing a patio cover, be sure to do your research and hire a professional. A quality patio cover will last for many years and is sure to be a favorite feature for any potential buyers.
Outdoor Kitchen
If you’ve ever cooked in the oven on a sweltering hot summer day, you can attest to the fact that an outdoor kitchen would be heaven-sent. Extra heat in the house is not only miserable but also causes your air conditioner to work even harder.
Here in Arizona, we can entertain outside during the winter holidays, so an extra kitchen means extra space to cook holiday meals. An outdoor kitchen is a great investment.
Fire Pit
Roasting marshmallows and hotdogs around the fire while telling stories is a great way to make memories as a family. While you can’t put a price tag on those special memories, adding a fire pit to your yard will raise the price tag of your home.
Pool
Some people (especially in the Phoenix area) are only interested in buying houses with a pool. Adding a pool to your home will not only provide hours of fun for your family, but it will also make your home more desirable.
4. Add Curb Appeal
Curb appeal may be one of the most important factors to consider when working to increase the property value of your home. The way your home looks from the street can either make your home more appealing or cause it to seem less inviting. Here are some ways to ensure your home has high curb appeal:
New Garage Door
If your garage door is worn or outdated, consider upgrading. A garage can change the whole look of a home. Carriage-style garage doors are popular right now and instantly add to the beauty of your home.
New House Numbers
This suggestion may seem insignificant, but trendy new house numbers are a simple, inexpensive way to update the exterior of your home. Add new numbers to your mailbox while you’re at it.
Add More Parking
Add to your home’s value by adding more parking space. If you have a side area with dirt or grass, consider adding additional off-street parking for your guests. Concrete to match your current driveway is ideal, but gravel is still effective.
Update the Facade
The exterior of your house is the first thing people see when coming to your home. If you have faded paint, cracked stucco, or broken siding, consider fixing these things up.
A facelift for your home’s exterior is a big way to increase your home’s curb appeal, which in turn will increase your home’s value.
Landscaping
Beautiful landscaping is sure to catch the eye of anyone that passes your home. A professional landscaping company can help you plan the perfect landscaping for your yard.
5. Simple Interior Updates
Adding more space to a home or removing walls to create more open space are great ways to add value to your home, but things like that can be a little intense (and pricey.) However, there are some simple ways you can update your home’s interior to increase your home’s value.
Fresh Paint
One of the best ways to spruce up the inside of your home is to add a fresh coat of paint. New paint can have an amazing effect on a home. A newly painted room feels fresher and more inviting.
New Fixtures
Another simple way to update your home’s interior is to change out your old fixtures for new ones. New fixtures can include bathroom and kitchen faucets, door knobs, light fixtures, and cabinet hardware.
Increasing the value of your home doesn’t have to be complicated; simply choose any (or all) of these suggestions. If you live in Mesa, AZ, a patio cover from Royal Covers is a great place to start.