Home Ownership

7 Ways To Improve The Resale Value of a Home

It is every homeowner’s dream to increase the resale value of his home. This is very natural and holds even if you are not planning to sell your home. Even today, a home is usually a family’s biggest asset and it always helps to have it priced as high as possible on the real-estate market. If the worst financial situation demands, you should be able to sell your house for the best price, and for this it is important to improve the resale value of your home.

People are sometimes surprised how little things can drastically improve the resale value of a home. Thus you need to do lots of small things and these can add up really big. Exactly what needs to be done depends a lot on the neighborhood, but there are some general tips that you can follow –

  • Exteriors: This is the first thing that people notice when they look at your house. Make sure that the paint is good and appears elegant. Painting is a small investment but can pay off very big. Ensure that you are following the latest trends in home exteriors.
  • Windows: These can really define the look of your house and thus should be chosen carefully. Newer replacement windows come with tinting and energy efficiency built into them, so they also save you money in the long run.
  • Landscaping: Landscaping is very good for improving the home value as it appears inviting and elegant at the same time. Potential buyers will surely be lured by this additional feature. If you have the place, landscaping can be a relatively small investment of money and time to greatly add value to the home. Again, it is important to follow some latest landscaping trends to know what is in and what is out.
  • Lawns and Gardens: Lawns and gardens need to be maintained well. If not, they can break the entire look of the home as a whole. It is best to maintain the garden periodically. If you are interested in gardening, you can consider addition some value product to the garden, like practicing organic gardening and growing fruits and vegetables. This not only helps your stay at your home but greatly improves the resale value as well.
  • Renewable Energy: If you can, try adding a source of renewable energy to your home, like solar panels. This will take care of all your energy needs, and you might even be lucky to make money by selling electricity to the grid. In addition, it greatly helps improve the value of a home. Speak with a professional team like Alek HVAC to see what changes you can make to your home.”
  • Lighting: Good lighting is very important because it reflects the true beauty of the home from the inside. It helps to use diffuse and sharp lights with care at different places to ensure the right feel at different places of the home. Also, consider using energy efficient lighting like LEDs and CFLs as they are the trend of late, since they are environmentally friendly and help save on electricity bills as well.
  • Renewable Energy: If you can, try adding a source of renewable energy to your home, like solar panels. This will take care of all your energy needs, and you might even be lucky to make money by selling electricity to the grid. In addition, it greatly helps improve the value of a home.
  • Car Port: A car port is a cheap and efficient way to improve home resale value and should be considered by all homeowners.

After significant renovations and increases in home value, more home insurance quotes are needed to match the increase in value.

These are some of the ideas you can use to enhance the value of your home. You should feel free to make all the small changes that will make your home stand out from the rest of the neighborhood.

Comments (9)

  • 7 Ways To Improve The Resale Value of a Home…

    It is every homeowner’s dream to increase the resale value of his home. This is very natural and holds even if you are not planning to sell your home. Even today, a home is usually a family’s biggest asset and it always helps to have it priced as……

    Reply
  • Best way is not to sell it now, but to sell it during the bull market!

    Reply
    • That would be a good time. If you can last that long paying your mortgage.

      Reply
  • Traditionally, the things to do to increase the value of your home has been to remodel the kitchens and bathrooms. However, in this type of market before I went and dumped that kind of money into my house, I would check the comparables in the neighborhood to find out if a real value increase is even feasible.

    Speaking as a former appraiser, just cause you spend money on improvements doesn’t mean they will translate into higher sales or appraisal values. This is just the unfortunate truth.

    I like the suggestions that you make here because most are not big ticket items and are focused on pleasing the eye and the intrinsic value that a potential purchaser might have for the property…you know curb appeal, good lighting which makes everything look better.

    Nice tips, just be sure to warn your readers that if their neighborhood is in a downward value spiral, there isn’t much they can do but wait it out until the market turns again.

    Reply
    • That is a good point. If you lost a significant amount of value I would wait a bit for that to start going up.

      Reply
      • You know waiting is just a product of if you can hold on to it. There are many people out there that are selling cause they are in trouble, not cause they feel like moving up in a down market.

        Reply
  • a real estate investing carnival – October 11, 2010…

    Welcome to the October 11, 2010 edition of a real estate investing carnival. David de Souza presents 8 Reasons You Will Need To Complete A Tax Return posted at UK Tax Blog, saying, “Guide to 8 common reasons why you may be asked to complete a tax…

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  • Good ideas, and good advice to see how your house compares to the neighborhood. Personally I’d rather have no carport than have one, but I guess it depends on what is expected where you live. Painting the interior of the house is good if you paint the walls fairly neutral colors. Good advice to find out what is trending for exterior colors and landscaping!

    Reply
  • In just about all of these, you want to make sure as you take these things on that you approach these with moderation in terms of cost. Rarely does it make sense to get the most expensive option or to go overboard as the extra spending will not translate to an equal increase in the value of your home. A light remodeling of most kitchens is cost efficient and will do a lot for the value and attraction of your home, whereas a full ‘down to the studs’ remodel will cost a lot more, and you’ll usually end up getting less of a percentage back.

    Reply

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