As a homeowner, it's important to know how to add value to your home. Regardless of whether you have plans to sell your home in the near future, certain home improvements can boost home value by a significant amount. To bump up your home's resale value while also making it a better place to live, here are some key tips:
Before considering any aesthetic improvements, ensure everything in your home is working properly. Issues like leaky pipes, rattling air conditioner units or flickering lights might be easy to ignore, but can be red flags for future buyers. Consider adding energy-efficient appliances and smart home technology to save money while boosting value.
Curb appeal is crucial in attracting potential buyers to your home. A tidy and aesthetically pleasing outdoor space indicates the home is well-maintained, and is also more enjoyable for you. Simple lawn care tasks like cutting grass, weeding and removing dead vegetation can take some work, but will yield massive returns.
Renovating the home is generally costlier than selling it, but certain renovations like finishing a basement or attic can make a huge difference in sale price. You might also consider projects where removing a wall could expand the usable space of a room.
Property value is based on more than just aesthetics and upgrades. However, the better you take care of your home, the better it will do in the real estate market. If you aren't sure where to begin in increasing the value of your home, consult a real estate agent for tips.
Lana Harris is a Chicago native who is a second-generation real estate professional. She was introduced to real estate at a very young age while attending open houses with her mother who is a broker. She honed her skills assisting in property searches (back in the thick, Multiple Listing Service book days,) and using map reading skills to help plan property tour sequencing. Lana’s love of working with people and delivering strong customer service led her to the retail sector, where she developed her management skills at MC Sports, Ann Taylor, and Adidas. She and her husband moved to Utah in 2008 to enjoy the natural beauty of the mountains, and she began her real estate career here in 2015. Most recently, she was a VP of sales for a large team; she thrives on challenges and is determined to overcome obstacles to achieve results for her clients. Lana and her husband enjoy their three large dogs, skiing, camping and paddleboarding.
