3 Ways to Improve Your Home’s Value

Dec 13

As a homeowner, it's natural to want to increase the value of your property. Whether you're planning to sell in the near future or simply want to enhance your investment, there are strategic steps you can take to boost your home's value. In this article, we'll discuss three important strategies that can make a significant impact.

Enhance Curb Appeal

First impressions matter, and the exterior of your home sets the tone. Improving curb appeal is a powerful way to attract potential buyers and enhance your home's overall value. Consider these actions:

Landscaping: Well-designed landscaping can increase a home's value by up to 12 percent. (1)
Exterior Repairs: Fixing exterior issues can yield a return on investment of 95 percent. (2)
Front Entry: Upgrading the front entry can result in an average return on investment of 75 to 100 percent. (3)

By enhancing curb appeal, you'll not only create a positive first impression but also increase the perceived value of your home.

Upgrade Key Rooms and Features

Certain rooms and features have a significant impact on home value. By focusing on these areas, you can increase your home's appeal and overall worth. Consider the following upgrades:

Kitchen: Remodeling the kitchen can provide a return on investment of 70 to 80 percent. (4)
Bathrooms: Upgrading bathrooms can offer a return on investment of 70 to 80 percent. (5)
Energy Efficiency: Installing energy-efficient features can increase your home's value by 3 to 7 percent. (6)

By focusing on upgrading key rooms and incorporating energy-efficient features, you'll add value to your home while improving its functionality and desirability.

Maximize Storage and Organization

Ample storage space is a valuable asset for any homeowner. By maximizing storage and improving organization throughout your home, you can enhance its value and appeal. Consider the following steps:

Declutter: Decluttering can potentially increase the sale price of a home by 3 to 5 percent. (7)
Built-in Storage: Adding built-in storage solutions can provide a return on investment of 80 to 90 percent. (8)
Garage Organization: A well-organized garage can potentially add 2 to 5 percent to the value of a home. (9)

Maximizing storage and organization throughout your home will not only increase its value but also create a more comfortable and functional living environment.

Increasing your home's value requires strategic planning and targeted improvements. By enhancing curb appeal, upgrading key rooms and features, and maximizing storage and organization, you'll make a significant impact on your home's value.

** Please, keep in mind that the value estimates above are based on the following sources. The change in any home’s value will depend on several factors beyond just the improvement and investments themselves, and please, contact a real estate professional with property-specific questions before you start any project. **

Sources:

(1) "The Economic Benefits of Landscaping" - Virginia Tech

(2) Remodeling Magazine's Cost vs. Value Report

(3) National Association of Realtors

(4) Remodeling Magazine's Cost vs. Value Report

(5) National Association of Realtors

(6) "Valuing Green: A Guide to Evaluating the Value of a Green Home" - National Association of Home Builders

(7) National Association of Realtors

(8) HomeGain's Home Improvement Survey

(9) National Association of Realtors