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There are many ways to increase your home’s value. Whether you’re looking to sell quickly or aiming for long-term appreciation, these renovations can make your property more attractive to potential buyers. Let’s examine various strategies to enhance your home’s worth through different projects.
Beginning with the exterior, the first impression of a home is essential. Enhancing curb appeal is crucial. Investing in curb appeal projects can provide a return on investment (ROI) of up to 238%. These projects might include lawn care through fertilization and weed control, as well as tidying up and enhancing the landscaping.
Other exterior improvements include refreshing the greenery. For example, a fresh coat of exterior paint can yield an ROI of approximately 152%. Similarly, updating the exterior with manufactured stone veneer has a 91.4% ROI. Installing a new garage door, which is relatively inexpensive, can offer an estimated ROI of 133%, or roughly $2,800 in resale value. Adding stone accents or pathways can also improve curb appeal. Additionally, brick repair services can significantly boost your home’s exterior appearance.
If your budget allows, you could also improve your outdoor spaces with functional and stylish upgrades. Popular options include comfortable decks or patios, pools, and hot tubs. Although there is some debate about the value-added potential of pools, consulting with a local professional before deciding is wise. A practical addition to consider is a wooden deck, which has an average ROI of 67%.
Inside the home, increasing value and buyer interest can be achieved through various means. Choosing light but warm paint colors for neutral areas is an effective way to brighten up a space. Light blue is an excellent choice for bathrooms, while bolder colors like charcoal or dark blue can make a statement in other rooms. Additionally, modifying the home for universal design can be beneficial. Simple features such as wider doorways or ramps can make the home more accessible and appealing to those with mobility issues.
Value and additional interest can also be sparked by upgrading interior elements. One example of a value-adding investment is installing fireplaces. Homes with fireplaces sell for 13% more than those without. According to a survey by Angi, 77% of buyers would pay more for a home with smart features, which typically offer a 6-12% increase in home value.
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