It’s more than just a costly method to renovate your home, especially when it is an older one; it’s also a time-consuming one. But did you know that you can add value to your home by remodeling it? We’ve listed six easy ways to add value to your older home.
Add Space to Your Home
Larger homes tend to have more value than smaller ones. The current median value for a home’s size was $130 per square foot. So, it will add real value by adding square feet. Start by looking around your house to see if you can remove some of your walls to increase space. Do you have enough space to increase the size of your bathroom?
Keep in mind that it costs more to renovate your home than the resale value. So, you’re not going to win back all the money that you invested. But that’s still more than a return of 60 percent, which is not too bad if you intend to remain in the home for a while. Be sure that your budget is worth the space you add to raise your home value.
Update your HVAC system and Appliances
Make sure that all your home systems and appliances are current and highly functional in your house. If your air conditioner starts making a clattering sound, contact a professional to get it fixed. If your plumbing system is out-of-date and leaking, be sure to get it repaired as well. Replace your old water heater with a new one. If needed, replace your roof with asphalt shingles. Also, update your stove, refrigerator, microwave, and any other outdated appliances.
Install Smart Technology
Homebuyers prefer that smart home products be already installed in brand new homes. If you plan on selling your home, install smart lighting solutions, such as the Holî SleepCompanion. This sophisticated smart bulb is built to naturally wake you up with a specially tuned blue tint. This is helpful in lowering your body’s melatonin level. It has a new mode that will make you fall asleep quicker. Not only will this product light up your bedrooms, but it will make you feel more restful in the long run.
Homes have now evolved into computer-controlled spaces with wireless technology. This has tremendously increased the value of homes. Upgrade your home by installing this new technology, including the Logitech Harmony Home Hub. It can connect with intelligent lighting, thermostats, and other home necessities. It is also able to monitor what’s on the screen or play from the speakers. The Logitech Harmony Home Hub allows you to control your entire home. Smart locks, smart fire detectors, smart thermostats, etc., are other innovative technology types that you should install in your home.
Freshen up Your Walls
You should freshen up your walls by adding a new coat of paint. It will transform your space and add significant value to your home. Consider using contrasting colors to add depth and detail to your property. Your home will look brand new and up-to-date.
Upgrade Your Living Space
Remove any old carpet from your home and install hardwood flooring. If it is too costly, you can always opt for laminate or engineered wood. Also, remodeling your kitchen by installing new countertops, sinks, and cabinets. Install either granite or quartz countertops. Consider installing recessed lights and an island in your kitchen. In your living room, invest in more modern furniture and wall decor. Be sure to purchase lamps that coordinate with your furniture. Consider investing in a fireplace to give your home a more modern appearance. Also, complete any minor repairs in your home. Finally, swap out old windows for new vinyl windows.
Upgrade Your Landscape
Landscaping increases the value of your home and is very cost-effective—plant flowers and trees on your lawn. Remove any dead vegetation, and be sure that your landscape looks appealing. Consider installing outdoor lighting and an irrigation system. Build a patio in your backyard to beautify your yard. As a finishing touch, create an outdoor seating area.