Most people think that increasing the value of their home has to involve a lot of money they may not get back if they sell their home. But there are ways to increase the value of your home without using up all your savings or going deeply in debt.
Reasons to increase your home’s value
Before beginning a project to increase your home’s value, it is important to determine what it is you hope to achieve by putting time and money into the project. If you are selling your home, it pays to make it all bright and sparkly with fresh paint and a few other upgrades.
If you are not selling your home, and you want to give it a freshened appearance, there are many simple ways to do it without huge costs involved. It’s also worth noting that besides for the actual costs involved with larger renovations, you also need to factor in the costs of temporarily renting a house or an apartment till the renovations are complete. Unless, of course, your contractor will give you an option to block off the area that they are working in.
Let’s look at three low-cost ways to increase your home’s value or give it a face lift.
Changes in lighting can really make a difference
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Light makes a home more friendly and attractive. There are ways to let in light without letting in heat and cold. Sun tubes (also called light tubes, sun pipes and light tunnels) are a great way to bring more light into your home. They are less of a hassle to install than skylights, cost less, and can be installed anywhere in your house where you have direct roof access. It is also possible to install them downstairs if you have a two-story house and a closet or other area through which the tube can be passed.
Another way to upgrade your lighting is to install ceiling fans with a lighting kit. Most lighting kits have three or four bulbs that provide an array of lighting that looks so much more modern than a single overhead light. The fans have a switch on them that allows them to force the air downward or upward. This feature distributes air so that a room’s inhabitants feel cooler in summer and warmer in winter.
It is also important to vary the lighting in your home. Most of us rarely give the wattage of the bulbs we use a thought beyond selecting the one that matches the light fixture. Bright lights from higher wattage bulbs can make smaller spaces feel more spacious, whereas lower wattage softer lights bring warmth to empty areas.
Green up your home
Solar panels and more efficient heating and cooling units offer not only energy tax credits, but can also save you a good deal of money and increase the value of your home. With soaring utility costs, going green with solar water heaters, solar panels, and energy efficient heat pumps can be quite attractive to home buyers if your home is on the market.
Sprucing up the exterior can add value
You can also increase the value of your home by upgrading the exterior. You can do this by enhancing your porch and making it more aesthetically pleasing with updated lighting, railings, and a beautiful front door. You may also be eligible for tax credits as well as adding to the value of your home when you install storm doors and storm windows. Storm doors and windows help a home minimize energy loss in both winter and summer. No longer are all storm doors a silver-colored aluminum. You can get a storm door that matches your door or your home.
When you shop for a storm door, look for the ones that close smoothly and are of quality construction. Many also have a warranty.
If your home needs repainting, and you want to change the color, be sure to choose a color that will add value rather than detract from its value. There are not many people in the market for a pink house.
There are several more ideas out there for low-cost ways to increase the value of your home, but these three can get you started.