Whether you’re planning to sell soon or just want to enhance your home’s comfort, a few simple improvements can add a lot of value. These upgrades are easy on your budget and are likely to impress both appraisers and buyers.
Superficial changes, such as a fresh coat of paint, can make a big difference. Energy-efficient features are also in demand among many prospective homeowners. With a home warranty plan, you can save yourself thousands of dollars in repair costs in your home. This way you can save money for increasing the value of your home.
Add a Deck or Patio
A deck or patio is a great way to add value to your home. It can be used as a place to relax, entertain, or even dine. A patio is usually cheaper to build, but it will need more maintenance than a deck.
Adding a deck or patio can increase your home’s value, especially in warm climates. Homebuyers appreciate outdoor living spaces and will be more willing to pay for a house with an attractive outdoor area.
You can also enjoy the benefits of a deck or patio if you don’t plan on selling your house anytime soon. According to the National Association of Realtors, decks have a Joy Factor of 9.6 on a scale of 10. This means that they bring homeowners a lot of enjoyment while they live in their homes.
Add a Granny Flat
A granny flat is a great way to make better use of underutilized space on your property and add value. It can also be a smart investment for those looking to generate extra income.
Adding a granny flat is a popular choice for many homeowners as it allows them to stay in the neighborhood they love while having enough space for family members. It can also be used as a studio for those who work from home and need privacy to keep up with their business.
Depending on the design of the granny flat, it can also be used as a rental option and provide an extra income stream. This can be especially useful if you have a large mortgage and are struggling to make ends meet.
Add a Pool or Spa
In warm climates, adding a pool can increase your home’s value. It’s a luxurious addition and can help relieve stress. However, pools are expensive to maintain and don’t appeal to all buyers.
A spa is a great option for a pool and increases your home’s value. It is a fun way to relax and can be used all year round. Buyers can customize the size and seating arrangement for their own needs.
A well-maintained pool and spa show that the home has been cared for. It also
indicates that the homeowner was responsible and invested in the property. Other projects that can increase your home’s value include energy-efficient appliances and residential solar panels. These can also lower your home’s utility bills. Repainting the interior walls is another simple upgrade that can make your home look newer.
Add a Garage
Adding a garage to your property can enhance the overall value of your home. It offers a number of benefits including convenience, safety, security and more. Furthermore, it also promotes environmental sustainability by reducing vehicle emissions and driving habits.
In addition to providing a safe place to park vehicles, a garage can also serve as an excellent storage space for tools, equipment, and seasonal items. This can free up valuable space in your home and help keep it clean and organized.
Additionally, many homeowners choose to add living spaces above their garages, such as a new rec room, tv room or office. This type of flex space can be extremely appealing to prospective buyers who are looking for something different from the standard home features that are typically found in most homes.
