In today’s unsure economical times, it’s a challenge to know if and when to complete a renovation or addition to your home in order to add more value to your property. Especially with people’s various and ever-changing tastes and styles, you never know if something you think is a benefit to add to your home will actually do little to increase its value to a buyer. For this reason, it’s vital for homeowners to make smart decisions about the types of renovations to do in order to up the value of their home without sacrificing too much. To help with this, here are three affordable ways you can add value to your home in 2016.
Boost Curb Appeal
Having a beautiful home from the outside can work wonders for boosting the value of your overall property. However, you don’t have to do a complete overhaul on each aspect of your home’s facade in order to get the value benefits of improving your home’s exterior.
According to Teri Cettina, a contributor to BankRate.com, you can increase the curb appeal of your home simply by doing minimal landscaping and maintenance like using a pressure washer to scrub down your home. Because even small changes to the landscaping that give the home a more taken care of image can help with increasing your home and property’s value, this is a very affordable way to get the market value of your home up.
The Power of Paint
As with the exterior of your home, the interior doesn’t need to undergo gigantic changes in order to bring a little more value to your portfolio. In fact, Rebecca Lake, a contributor to SmartAsset.com, shares that by adding a fresh coat of paint to rooms like the kitchen or bathroom, you can breathe new life into the space that will make everything else in the room appear to be more expensive. Just be sure you choose neutral colors that will appeal to the general population so you don’t alienate potential buyers due to shocking or outrageous colors that they can’t get behind. And since a few cans of paint won’t set you back too much money, this could be a great way to affordably add more value to your home with minimal cost and manpower.
Bring In New Tech
Something many home buyers are now looking for in a potential house is new technology that will either make their life easier or more glamourous. WIth this in mind, Real Simple suggests adding tech like built-in speakers throughout your home in order to appeal to those looking for a more modern property. The price tag for renovations like adding tech to the home will vary based on what you’re including, such as a smart thermostat or automatic lighting, but the way these renovations impress buyers will prove to you how much value something like this can add to your home.
As a homeowner, the thought of adding value to your home should always be somewhere in your mind, even if you don’t think you can afford to make any big changes right now. However, by using the tips mentioned above, you may just be able to contribute something to your current house to add value without taking too much money out of your own pocket this year.