The whole idea of increasing the value of a home is to make the house seem as large as possible. The objective is to make the house as attractive as possible which will not only increase the value but will increase the chances of successful resale. The first thing you can do to increase your home value is to work on the appearance of the interior. Probably one of the easiest fixes and steps you can do is a paint job. The idea is to make the interior of the house as updated as possible, and a paint job covers lines, streaks, and stains. Painting is one of the easiest ways and one of the most inexpensive ways in which you can increase the value of your home. An average paint job costs $1,000 with all tools and paint. The return on investment is about $2,000 profit.
Kitchen & Cupboards
I recommend finding an idea of what you would like to mimic through websites, books, TV shows, and magazines. Remodeling your kitchen (including cupboards) is a very popular option when increasing value in your home but is not the best in getting back everything you paid. Remodeling the kitchen is a low-return project. To remodel the kitchen, you’re looking at a total of about $35,000 to $55,000. On average, the return on investment splits even. To get a good idea of what the best investments are, hire a professional designer for an hour (less than $100/hr). They are goldmines for house improvement ideas.
Hiring an inspector can help you find house patch-ups that you can fix around your house. Small hidden problems in the house can become big problems if you wait on them. Solving these problems can increase your home value. Another way you can increase the value of your home is to cut down energy costs. There are many ways you can do this such as installing new windows, upgrading insulation in the walls (and attic), fixing faucets, adding a programmable thermostat, and more. Fixing the custom closet or making a master walk-in closet in your bedrooms can increase your home value, but not substantially. It is something that will help in selling your house. Another home improvement that increases home value is a fireplace. Some homes are hard to sell simply because they don’t have a fireplace. Fireplaces are a very nice addition and increase the home resale value between $1,000 – $5,000. Fireplaces can be added indoor or outdoor.
You can also work on the exterior such as adding a new fence, planting trees, adding a pool, or adding a deck. Adding a deck is one of the most worthwhile home improvements at increasing home value because it increases the area of the house increasing the house value. Adding a deck costs on average $13,000 and will yield a $10,000 – $12,000 profit for resale. And lastly, one of the best investments for the smallest investment is landscaping. This is making sure bushes are cut, the grass is cut, adding attractive features to the yard.