How to make your home more valuable
America’s home renovation market is booming. More than half of home builders polled for the National Association of Home Builders’ Remodeling Market Index said they saw an uptick in remodeling activity in the first quarter of 2019. And Improving America’s 2019 housing report from Harvard’s Joint Center for Housing Studies notes that the home improvement market hit an all-time high of $424 billion in 2017.
However, while installing an in-ground pool or adding a lavish master suite may seem appealing, many expensive home upgrades won’t yield a worthwhile return on investment (ROI) in the long run. So, if you’re eager to turn a profit when it comes time to sell your house, check out these 50 ways to make your home’s value skyrocket.
Add some smart technology.
If you want to make your home more valuable, then it’s time to start thinking smart. Investing in some smart home technology can increase your home’s value quickly, without the expense of a huge renovation.
Have your trees trimmed?
One of the easiest ways to add value to your home doesn’t even require a contractor. Per the 2018 Remodeling Impact Report from the National Association of Realtors (NAR), the estimated cost of tree care service—including the application of tree fertilizer, trimming, pruning, tree removal, and tree spraying—is $2,000, a whopping 100 percent of which is recovered when buyers sell their homes.
Remove your carpeting.
“Modern home buyers are turned off by carpeting,” says Earl White, founder of House Heroes Realty and House Heroes, LLC. “Laying down a shiny new wood floor across easily pays for itself several times over.” And if you’re worried that authentic flooring is going to cost you an arm and a leg, there are always “good alternatives to traditional wood floors,” says White. “Home renovators can buy engineered or laminate wood for a fraction of the cost of an expensive floor.”
Resurface your cabinets.
Even if you don’t have money in your budget to remodel your entire kitchen, you can still upgrade your space by resurfacing your cabinets. “Just because something looks worn or beaten down doesn’t mean it needs to be replaced,” says White. “Resurfacing adds considerable market value—without breaking the bank.”
5Build a deck.
Wooden deck, increase home value. If you’re eager to turn your outdoor space into one that will significantly boost your home’s value, building a deck is a great place to start. According to Remodeling’s 2019 2019 Cost Versus Value Report, composite deck additions yielded a 69.1 percent return on investment when it came time to sell—or about $13,000 on a $19,000 project.
6Add an irrigation system.
While homeowners love the look of a lush lawn or garden, their desire to put in the legwork to maintain their greenery is a different story. So, if you’re eager to boost your home’s value, try having an irrigation system added to your outdoor space. In the NAR’s 2018 Remodeling Impact Report, the addition of an irrigation system ranked ninth on the list of projects most likely to add resale value to a home, yielding an 86 percent ROI on average.
7Change the upper or cabinetry colors in your kitchen.
While having uniform kitchen cabinetry might seem like one of your house’s selling points, you should opt for light upper cabinetry and dark lower cabinets if you want your abode to sell for a premium. According to a 2018 report by Zillow, homes with so-called tuxedo cabinetry fetched $1,500 more than anticipated on average.
8Add some attic insulation.
A drafty home—or one that doesn’t hold in the cool air being pumped by its air conditioning units—is a turn off for home buyers. Luckily, all it takes is a little insulation in your attic to seriously improve your home’s value both now and in the future.
“On average, you will see a 108 to 116 percent return on investment [when you add attic insulation],” says April Palomino, a realtor with Coldwell Banker Residential Real Estate in Winter Park, Florida. “That is because insulation protects the home from the transfer of heat, thereby reducing energy bills. Insulation also prevents moisture from entering delicate parts of your home, preserving your investment.”
9Replace your dated garage door.
News flash: That dingy garage door you’ve backed into a hundred times is ruining your home’s curb appeal. Luckily, replacing it isn’t a hugely pricey investment, and doing so can make your house much more attractive in the long run. “By installing a new garage door, you can see up to a 92 percent return on your investment,” says Palomino. “Garage doors boost curb appeal, provide safety and security, and even help on energy bills if insulated.”
10Add some steel entry doors.
“Steel entry doors boost curb appeal—they are sleek and clean and come in a variety of finishes and paneling,” says Palomino. “They increase the security of your home and stand up to wear and tear…and [are] not subject to warping or rotting.” They also have a 91 percent ROI, she notes.
11Add some stone veneer.
All it takes is a little stone veneer to completely change your home’s exterior aesthetic and increase that curb appeal. “Manufactured stone veneer siding can bring you up to 92 percent return on investment,” according to Palomino.
12Finish up any minor repairs around the house.
You may think those little repairs around the house are a waste of time, but if don’t attend to them in a timely manner, you could end up losing a lot of money. “Make minor repairs around the home,” suggests Palomino. Per the expert, leaky faucets, Sheetrock damage, cracked plaster, broken windows, missing screens, and dented door jambs are good places to start.
13Upgrade your landscaping.
“Landscaping is one of the most cost-effective ways to increase your home value,” says Patrick van den Bossche, president of Realty Executives International. “Healthy trees, plants, and flowers along with a well-manicured lawn can improve the home’s appearance. Also, remove dead vegetation, hide hoses, and keep everything looking pristine to make the best first impression.”