Home Improvements that Increase Value
Whether you are preparing to sell your home or not planning to leave anytime soon, there are a number of upgrades you can make that will add value to your home. These improvements will make your home more enjoyable to live in now and your investment will pay off big time in the future. You can even save money and make your DIY dreams a reality by taking on most of these projects yourself! To tackle these home improvements without putting too big a dent in your budget, fund your projects through a Home Equity Loan or Line of Credit.
Think of all the repairs and minor changes you’ve been needing or wanting to make, but haven’t gotten around to. This includes things like repairing a leaky faucet, fixing squeaky floors, mending cracked or chipped tiles, and making sure there are no burned out lightbulbs. Everything should be in proper working condition. When the time comes to sell your home, these smaller details will go a long way to assure potential buyers that your home has been well cared for.
Beyond the necessary repairs, there are a number of small updates you can make that will increase your home’s value at little cost to you. Something as simple as upgrading lighting fixtures or even replacing outlet covers can really elevate the feel of your home.
Never underestimate the power of a fresh coat of paint! This relatively simple fix can drastically affect the atmosphere of a room or the entire home. Paint over any dramatic colors before listing your home to sell. Sticking with neutral tones instead makes it easier for potential buyers to envision themselves in the home and not be turned off by bright or distracting colors.
Making updates in your kitchen will bring you the biggest return on your investment when the time comes. Modernize your space with new countertops, cabinets, flooring, and coordinating appliances. If a full kitchen remodel isn’t feasible, a fresh coat of paint or stain and updated hardware on your cabinetry can do wonders.
No need for a full bathroom remodel either. There are several simple fixes that will amp up the space. Updating the lighting, replacing the mirror, adding new fixtures for the sink & shower, replacing toilet seats, and re-caulking the tub or shower are easy ways to refresh this room. Replacing the tile is another way to take your upgrades up a notch.
Improving your home’s energy use means lower utility bills, which is a win for any homeowner. Reduce your energy use by replacing your windows with a higher-efficiency options. Other ways to decrease your energy consumption (and your bills) include replacing your thermostat, water heater, and other appliances to more energy-friendly models. And while you’re taking care of the basic fixes around your home and replacing burned out lightbulbs, go ahead and make the switch to energy efficient bulbs, like LEDs.
Space and Function
Converting your attic or basement into usable space can also get you a huge return on your investment. You don’t need to create a full in-home gym for it to be considered a functional. Merely having an extra living area can significantly increase the value of your home. Interested homebuyers will see the potential to turn it into a home office, guest room, in-law suite, or anything that best suits their needs.
First impressions are huge factor in anything, especially home buying, which is why a well-maintained exterior is crucial to attracting interested buyers. Simple landscaping improves the cosmetic charm of your home. Repainting the doors and shutters or replacing the garage door can also increase your home’s desirability.
If you’re ready to make your home improvement dreams come true, a Robins Financial Home Equity Loan or Line of Credit could be right for you! Apply online, stop by one of our branches, or give us a call.