People assume that spending money on your home always increases its value, but this isn’t always the case. If you are smart about how you invest in your home, you can raise its worth a great deal. Here are 5 of the best ways to increase the value of your home.
Add a Fence to Increase the Value of Your Home
A fenced-in yard is an appealing feature to homebuyers, particularly if the house is located on a busy street. A wooden fence is great for privacy but does require yearly maintenance. A chain-link fence is durable but not the most attractive type. Consider the visibility and functionality of the type of fence you choose. The addition of a fence will add value to your home as long as you keep it in good condition.
Professional Landscaping
A professional landscaping service will transform your yard and make the property worth more. You can request a low-maintenance landscaping plan that uses mulch, groundcover, and drought-resistance plants. You’ll appreciate the time and money you save from your low-maintenance design, and homebuyers will recognize the value in it, too.
Increase the Value of Your Home With a Short-Term Rental
One popular trend for homeowners recently to bring in some extra income is to create a short-term rental space on your property. If you have a large plot, you could consider building a small cottage on the property. Some homes are set up in a way that you could simply add a second entrance and separate the space off from the rest of the house for guests. Short-term rentals are a great way to provide a steady income to help pay down your mortgage. If you live in a place where tourists like to visit, you can get steady business through Airbnb and VRBO.
Kitchen Remodel
The kitchen is often the room that sees the most activity in a home, so it carries a lot of weight when it comes to the home’s value. Upgrades like new appliances, luxury countertops, and the addition of an island are worthy investments with a high return-on-investment.
Build a Deck
A deck is an extension of your living spaces without the price tag of adding on another room. People love spending time outside and a deck provides a place for relaxing, grilling, and enjoying nature. You could outfit your deck with a roof and amenities like a bar, fireplace, TV, or outdoor kitchen.
Premier Home & Building Inspections provides home inspection services to Eastern Connecticut, Rhode Island, and Massachusetts. If you’re selling your home, contact us to book an appointment.