Many people consider their home to be an asset. Of course, it’s only an asset if it makes you money. Unless you’re house hacking or engaged in a similar venture, your house will typically only give you a chance to make money when you sell it. As such, it’s best to find ways to increase your home’s value.
Adding a Deck
Homes should be enjoyed inside and out. Adding a deck gives you another way to enjoy your property. According to the Deck Cost Guide, decks tend to have a decent cost recovery rate. Though how high that rate is will depend somewhat on the material the deck is built from. Having a home with a deck can be particularly desirable if you’re in an area that is prone to beautiful weather at all times of the year. While they can still be desirable in areas without this benefit, they may not be in demand quite as much.
Hopefully your home has already been well insulated. If that’s not the case, however, and your home is prone to drafts, look into adding or upgrading insulation, especially to attic space. According to Comfort Solutions, insulation upgrades increase the value of your home. Insulation serves to improve your home’s heat retention when it’s cold and prevent cool air from escaping when it’s hot. This translates to a lower cost to heat and cool your home during the winter and summer, respectively. It can also help protect your home from moisture that might otherwise enter your home.
Much attention is given to kitchen and bathroom upgrades, and for good reason. These areas of the home are closely looked at by buyers. Kitchen and bathroom renovations have a reputation for being costly, but it doesn’t have to take a huge investment to update the look of these rooms. Simply replacing the hardware can be enough to upgrade the appearance of your kitchen and bathrooms. According to Knobs, with the different hardware finishes you can choose from, there’s bound to be something that will give you a more current look.
Finding ways to add to the value of your home is a good way to increase the chances of making a profit when it comes time to sell. Adding a deck, upgrading your insulation, and replacing hardware are relatively easy upgrades that can help you increase your home’s value. Take a look around your house to see what other easy projects you can tackle to add further value to your home.
If you’re ready to sell your home, we can help you make it happen! Start by getting an instant home value.