Ways to Increase the Value of Your Home

Posted by Leland On December - 18 - 2013 0 Comment

Even if you have no plans to sell your home in the near future, you may be looking for ways to increase your property’s value. Since your home is likely one of the largest investments you will make, it is imperative to protect it by performing regular maintenance and home improvements on an annual basis. Below are just a few ways you can upgrade your home, make it friendlier for you and your family, and increase your property’s value all at the same time.

Add And Maintain Landscaping

Even if you don’t have a green thumb, investing $400-$600 in additional landscaping can increase your property value four times over. Improvements could include anything from installing new grass, trees, shrubs, and flowerbeds. If maintaining your landscape is not your cup of tea, you can contract out a local professional to do the mowing, weeding, trimming, pruning, and seasonal maintenance.

Add A Patio Cover

Whether you live in a warm, cool, or rainy climate, adding a patio cover to your outdoor living space will provide you with more functionality. It will offer shade on hot days and protection from damp weather when you want to sit out and enjoy the fresh air on rainy and cooler afternoons. Patio covers are available in many different sizes, and with many different features and functions to best suit your needs.

Perform General Maintenance

As your house ages, minor problems will arise. While small repairs may seem like something you can put off, investing a few hundred dollars annually into general maintenance, can increase your property value by $2000-$3000. This could include anything from replacing insulation, replacing worn weather stripping, replacing washers on dripping faucets, repairing holes and cracks, or fixing your running toilet.

Install New Flooring

If your carpets are worn or stained, your tile is outdated, or your wood floors are scuffed and scratched, consider installing new flooring or sanding and re-staining your wood flooring. Even an investment of between $600-$900, can increase your property value by up to $2000. So even if you can’t afford to replace all of the flooring in your home, consider upgrading your high traffic areas, and outdated flooring.

Make Green Upgrades

Making green upgrades to your home will reduce your carbon footprint, and lower your monthly utility bills. While you will reap the benefits of monthly cost savings and green tax credits for all eligible upgrades, you will also increase the property value of your home. For example, if you can quantifiably demonstrate that a decrease in your utility bills stems from green upgrades, prospective buyers will be willing to invest more in a home. Green upgrades could be anything from installing solar panels, adding energy efficient windows and doors, and installing energy efficient appliances.

 

One of the easiest ways to maintain and increase the property value of your home is to make a quarterly maintenance and upkeep checklist. This will help you remember to maintain seasonal concerns such as winter proofing your home, and to ensure that minor maintenance concerns do not slip through the cracks. By reinvesting a few thousand dollars into your home each year, you can sell your home for significantly more than if allow your home maintenance and repairs to go unaccounted for.

 

This article is written by Jared Miret.  Jared is happy to blog about home repair and loves to help his readers save money. He also hope you enjoy your backyard with a patio cover, and are excited to make green updates increase the value of your home. 

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