If you're a fan of home improvement shows such as Fixer Upper and Property Brothers, you will know how much value can be added to a house by engaging in even seemingly small home renovation projects. During a period of time in which house price rises are slowing down gradually in the USA according to the Federal Housing Finance Agency, it is becoming imperative to do whatever is possible to up the market value of your home. While a complete renovation will obviously add the most value to a property, there are a number of less-drastic changes that you can implement to not only boost your home's aesthetics, but to increase its monetary value as well.
Fix The Fences
Fences can add value to your property in a number of ways. A house with a fence is generally priced higher than one without, as it makes the property a more viable option for buyers with children and pets. Fences do not offer increased privacy, but an improved sense of security as well, making it harder for would-be intruders to enter and leave your property. It is important to remember that not all fences were created equal. Chain-link fences, for example, are often frowned upon by potential buyers, while an attractive cedar or wrought-iron fence can increase your curb appeal substantially.
Add An Awning
Stylish awnings can boost your curb appeal significantly, resulting in prospective buyers being more interested in your home. Adding attractive and practical awnings to your home will not only completely transform its appearance, but add value to it as well. A large awning can add to your home’s outdoor space, while window awnings can keep your home cooler while saving you money on your electricity bill. According to the Professional Awning Manufacturers Association, awnings can save you up to $200 a year by decreasing the amount of time your air conditioner has to run. Remember that in order for awnings to add long-term value to your home, they must be “conceived and designed with strict adherence to the highest standards of quality,” as stated by industry experts marygrove.com
Energy consumption has been a growing concern in the USA for quite some time. By making your home more energy-efficient, you can increase its value drastically. By installing energy-saving smart tech such as a programmable thermostat, a smart LED light system, and a solar geyser, you can add in the region of $7,000 to your home’s value while saving nearly $1,000 a year on your utility costs, according to the National Association of Home Builders. Even if you just make small changes, such as covering your geyser with a geyser blanket, you can expect to add some noticeable value to your home.
There are countless things you can do to add value to your home. Even if you are not planning to sell your house right away, you will benefit in the long run by making sure it can be priced as high as possible.