Every homeowner knows that property appraisals are an inevitability. As such, many of us find ourselves wondering how we can go the extra mile and add even the smallest amount of value to our abodes — even if we do not plan to put them on the market any time soon.
With that in mind, let us explore some effective methods of boosting your home’s value.
Regardless of the age of your home, it could likely use some newer energy conservation features, like a clothesline in the backyard, updated light fixtures, or new windows that prevent climate-controlled air from leaking outside. No matter the methodology, such improvements can yield significant, positive impacts on the value of your home, especially in certain parts of the country.
Depending on your lot size, you may have the unique opportunity of building on to your existing home. This feat could be achieved by adding another room, expanding the basement, or building a large deck onto the main structure. Or, you could even build another space behind your home, like a guest cottage. The options are endless, but the end result of increased value is all but guaranteed.
If you live in an older home, it would be wise of you to consider replacing some major components, especially if you intend to remain in the space long-term. With that in mind, be sure to check in on the health of your water heater, furnace, roof, and plumbing.
Although these components may appear to be functioning properly, you would be surprised by how many homeowners are blindsided by silent malfunctions that culminate into larger issues. So, save yourself the worry and minimize maintenance you will need to perform down the line.
As technology continues to evolve, more and more smart devices are cropping up in homes around the country. Whether they are designed to enhance the safety of your home, allow you to control your thermostat from your smartphone, or even play your favorite song from your Bluetooth-enabled refrigerator, such technologies certainly give your home a more modern look and feel.
It is important to note that, while such devices do boost your property’s appeal, they do not necessarily improve its value. Therefore, this is more a suggestion than solid advice. However, if you do intend to sell your home, updating technology may be a wise move to make.