12 Easy Ways to Add Value to Your Home This Year

When my husband and I bought our home over 2 years ago, I’m been slightly obsessed with adding value to our home. We did a lot of work on the house initially but a lot of it was cosmetic changes I wanted to make to improve the look and feel. After a while, we focused on projects that would actually add value since I know we won’t be in this home forever.

When you buy a house, the value of your area may go up but there are also some specific things you can do to add value to your home yourself. You don’t have to be or hire a contractor to do many of these projects either. So consider starting with a few of these simple projects.

Paint the Walls

Painting is one of the first projects you might find yourself doing when you move in. It’s also a great way to boost your home’s value. We spend around $75 or less to paint a room and DIY it with tools from Home Depot. Experts say that painting the interior of your home can easily increase its value by $2,000.

Plus, depending on which colors you use, painting can make the room seem larger and brighter. Talk to employees in the paint section at the store to get advice and tips on which paint type and color to use. You can also review information online or play around with virtual design tools to predict how the room will look when the job is done.

Replace Your Bathroom Vanity

Homeowners can expect to recoup about 50% to 60% of the costs associated with doing a bathroom remodel. But a bathroom remodel can cost anywhere from $5,000 to $50,000 depending on the size of the room, the scope of the project, and materials.

If you don’t have the budget to remodel your entire bathroom, start with a small fix by replacing your bathroom vanity. You can buy one for a few hundred dollars and install it easily. Also, consider other bathroom projects like reglazing your bathtub or install a backsplash.

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Change Your Cabinet Hardware

Kitchen cabinets need a facelift? Consider installing new cabinet hardware along with repainting your cabinets. It may not sound like a big deal but replacing the handles and hardware for your kitchen cabinets can change the overall look and feel of this often heavily used area of the house.

It’s no secret that updating your kitchen in any way can add value to your house. Kitchens and bathrooms often sell homes. Amazon has tons of affordable kitchen cabinet hardware options to choose from ranging anywhere from $20 to $60.

Trim Your Trees

I have mixed feelings about trees and homeownership. Personally, I would love for my next home to have fewer trees as it would save us money. It has been expensive removing trees from our yard. Yet, I also understand how trees could be great for shade and curb appeal.

According to Angie’s List, a mature tree can add an appraised value of anywhere from $1,000 to $10,000 to your property. Other sources claim that a tree in front of a house increases the home’s sale price by $7,130. That said, if you have a tree or two that is not causing you much trouble, consider trimming it regularly and keeping it healthy.

Energy-Efficient Systems

Buying energy-efficient systems may not be the cheapest way to add value to your home, but it’s well worth it in the long run. Whenever it’s time to replace an appliance or system, aim to buy the most energy-efficient version. Last year, we had to replace our washer so we decided to buy an energy-efficient one that uses less water and runs quieter.

New buyers are often interested in homes with energy-efficient appliances already there. Plus, when you buy some of these items, you can get a rebate and earn some money back on your purchase.

Install Outdoor Lighting

Installing outdoor lighting is an easy project that you can do in just an hour or two. You can also stick to your own budget seeing as how there are many low-end and high-end lighting options. Plastic material won’t last long, but it could still look nice and could run you around $40 to $50.

Outdoor lighting can set your home apart from others and make it appear more welcoming and high value.

Replace Your Entry Doors

A new front door can improve curb appeal and be a smart investment, especially if your home’s current door is showing signs of wear. Replacing your front door often adds an estimated 96% value compared to the cost which is pretty high.

Plus, it will add perceived value which is also important among potential buyers. It’s important to realize that while your appraisal should be reasonably high, buyers also purchase homes based on emotional attachment to some of the finishes and changing out your front door can definitely help you appeal to this.

Change a Light Fixture

Outdated light fixtures can take away from the value of your home. Be sure to update your lightbulbs and replace old fixtures as you see fit. You can even consider installing a light fixture with a ceiling fan in some rooms.

Our old apartment had ceiling fans and I miss if because our new house doesn’t have any so this may be a project that we tackle down the line.

Plant Some Perennials

A well-landscaped home has the potential to sell for much more than a home with no landscaping plan at all. The good news is, you don’t have to rush out and hire a landscaping company or landscape architect just yet. Use sites like YouTube or home design websites to brainstorm some simple ideas for your outdoor landscape.

Also, start planting some perennials as opposed to annuals since they will last longer. Perennial flowers and greenery may cost a little more on average, but you’ll get your money back since they last longer and you won’t have to replant every year.

RELATED: Why Can Starting Your Garden Now Save You More Money?

Refinish the Floors

Many people prefer hardwood floors in their main living area so if you already have them, you’re in luck. Consider refinishing your floors to refresh your entire space and add value to your home.

Home Depot has a great guide to help you refinish your floors. The best part is that you can DIY this project with just a few tools.

Small Bathroom Updates 

In some people’s eyes bathrooms are what can sell a house. If you have any outdated bathroom changes are potential buyers might be turned off. Now it’s understandable if you can’t afford a full remodel but doing things like changing your wallpaper or even your sink or tub faucet can go a long way to adding value to your home.

Power Wash

Power washing your home can add anywhere from $10,000 to $15,000 of value to your home should you decide to sell according to the National Association of Realtors. If your home has never been power washed before, now could be a great time to do it.

Just like other surfaces in your home, the exterior of your home needs to be cleaning thoroughly and it’s also the first thing people see. You can try your hand at power washing your home on your own or you can hire someone to do it for $40 to $5o per hour.

Summary 

If you live in an older house and want to add value to your home these tips will be ways to do that. They are all reasonable things that you might even be able to do yourself. Some houses could really use these updates and the change should really make a difference. If you’re thinking about moving consider making some of these small changes that can end up making a big difference.

Have you done any of these updates? Are there any that we missed? 

Source: everythingfinanceblog.com