Whether you are interested in a bathroom remodel, kitchen redesign, building a new deck, or none of the above, we think you’ll find today’s blog practically beneficial if you are a homeowner.
As the title already revealed, we are in the middle of a two-part series concerning ways homeowners can add value to their home. In part one, we took a look at five principles you can employ to make sure that valuation is higher than it was before you undergo a home redesign. We summarize each principle below, while encouraging you to go back and read part one in its entirety if you get the chance!
- Appearance – It’s a good idea to start with the exterior of your home (landscaping, decorations, and more extensive remodels) before moving onto the kitchen and bathrooms.
- Square Footage – It comes as no surprise that a home with more square footage is going to be sold for more, more often than not. Ensure the square footage you are adding is both functional and aesthetically pleasing.
- Low-Maintenance – Homebuyers don’t want a “project home” unless they are looking to buy cheap. Assuming you don’t want to sell cheap, think about replacing primary components of your home (furnace, HVAC, water heater, roof) to make the house more appealing.
- Energy Efficient – Consider adding energy-efficient appliances, windows, and/or insulation to your home in order to make it more attractive for those in-market. Doing so will make your home more attractive to eco-conscious homebuyers.
- Tech Friendly – Adding safety-enhancing smart devices to your home is economical and shrewd because it’s an affordable way to differentiate your home from others in its class. Consider adding “perks” such as smart fire detectors, thermostats, lighting systems, carbon monoxide detectors, security cameras, and/or door locks.
Miscellaneous Ideas To Boost Your Home’s Value
Now that we’ve recapped part one, let’s suppose you are looking to sell your home in the near future. You’ve already successfully remodeled your home using the experienced home redesign services by Yours Truly at Daniels Design & Remodeling, but you are looking to give yourself even more of an edge in the market.
What can you do? Employ one, several, or all of the following miscellaneous ideas to increase your home’s value, of course!
Remove Your Carpeting
Earl White, the founder House Heroes Realty, says that people in-market for homes are less attracted to carpeting than they used to be. “Modern home buyers are turned off by carpeting,” says White. “Laying down a shiny new wood floor across easily pays for itself several times over.” If you aren’t interested or able to install hardwood flooring, consider engineered or laminate wood for a more economical option.
We discussed this in part one, and briefly above, but adding attic insulation is a financially-sound investment into your home — regardless of if you end up selling your home anytime soon. April Palomino, a Coldwell Banker Residential Real Estate realtor in Florida, says that, “on average you will see a 108 to 116 percent return on investment [when you add attic insulation]. 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.”
Create A Home Office
If you happen to have an unused room, converting it into a classy working space will up the value of your home in most cases. While having a home office has always been considered desirable, we’d argue there is no better time to have one than in 2019 because so many companies allow employees to work from home in part-time or full-time capacities. Make sure your outlets are grounded and that the room has plenty of data ports. If possible, include an extra phone line in there as well.
Repaint The Interior
According to Consumer Reports, adding a neutral color scheme to your home will make it more attractive to more people. More specifically, “Whites and off-whites remain the top-selling interior colors and will appeal to most homebuyers, allowing them to envision the space as their own. Neutrals appeal to all generations of buyers, according to Jule Eller, trend and style director at Lowe’s.” You could see a potential “bump” between 1 to 2 percent in your home’s value after repainting the interior.
Landscaping is easily one of the most economical ways you can increase your home’s value. Plus, it’s fun! Well, we think it’s fun, but we understand that not everyone feels the same way. Regardless, landscaping takes creativity and a bit of elbow-grease. If you are the DIY type, you can do it yourself! If not, it doesn’t cost an arm and a leg to remove dead vegetation, make sure your lawn is well maintained, and all shrubbery looks great. If you want to take it up a notch or two, classy landscape design goes a long way to improving the first impression potential homebuyers will get when walking up to your house.
Recessed lighting is the solution to a wealth of problems. If your home has lighting issues in certain areas, recessed lighting helps your home be brighter, beautiful, and yes, worth more money. According to Brian Dougherty, a managing partner at Robert Paul Properties in Boston, “Living rooms should have four recessed lights, [and] hallways and kitchens should have a few too. Depending on the electrician and the complexity of the wiring, a single recessed light can cost between $150 to $250 installed. If money is tight, I would recommend focusing on entertaining and living spaces first before bedrooms.”
Build A Patio
If you are looking to increase your home’s value in a substantial way, building a patio is great way to do it. According to NAR’s 2018 Remodeling Impact Report on outdoor features, new patios were the 6th most desireable upgrade. What’s more, you can expect to get roughly 55 percent ROI if you build a new patio. If you are considering an exterior home redesign of some kind, make sure you give us at Daniels Design & Remodeling a call!
Refinish Your Floors
The final suggestion we have prepared for you is to get your floors refinished, even if you think they aren’t in particularly poor condition. If you have hardwood floors, you can sand, buff, overlay, or replace. Of course, there are different strata of investment, but be sure to consider your floors when thinking of ways to increase your home’s valuation.
Remodeling Services In Northern Virginia
Whether you are interested in living space remodels, kitchen redesigns, a new bathroom, home additions, green remodeling, universal design, a new porch or patio, our boutique home remodeling firm offers excellence in everything we do. We are recognized as an industry leader in a variety of ways, so don’t hesitate to reach out to us if you’d like to have a conversation! We’d love to hear from you, and good luck with your home’s redesign!