3 Ways to Add Value to Your Home

Whether you are in your forever home or living in your space only for a period, adding value is never a bad idea. This is going to positively impact your resale value if that is your intention or can increase your quality of living if you have no plans to move. It is a common misconception that only large-scale changes impact or add to value. The truth is that there are ways to up the value of your home that range from simple to extravagant, easy to difficult, cheap, and expensive, and hit every mark in between.

Renovate or Remodel

A renovation or remodel are examples of larger ways to increase value. These changes can happen in the form of an addition to increase square footage, a new roof, or upgrading key areas like kitchens and bathrooms. You will never be able to change or control the location of you home and the impact that location has on value, so being savvy with custom upgrades and touches can make your home stand out and worth more. 

If you have equity built up in your home, you can use that money to cover the cost of a renovation via a home equity loan. This means that you can utilize paying down the mortgage balance to ultimately add value. Since interest rates play a huge role in the overall total amount repaid on any loan you take out, comparing lenders to find the best one is smart. You can review a guide online that shows the best lender rates for home equity loans so you can see your options. 

Prioritize Maintenance 

This option is basically hiding in plain sight and likely part of your existing routine as a homeowner. Routine to maintain drains and maintenance is the first step in keeping fresh, clean water flowing. It’s the basis for a total plumbing care program.

Keeping up with your home’s plumbing (through the help of plumbers like Dean’s Plumbing), roofing, and garage door repair (visit sites like https://dependabledoor.com/doors/ for additional guidance) and maintenance needs from a local professional will add value over time and help to reduce or eliminate future repair costs. If there are plumbing repair and replacement tasks that are beyond your capabilities, you may need to contact a professional plumbing company.

Research suggested ways to maintain and repair your home and you might be happy to discover that adopting these strategies will require little adjustment from your existing habits as a homeowner. For instance, if you need something done with your roof, you could check out a company that does roofing installation in Travelers Rest, SC. You can also contact a helpful roofer like Precision Roof Crafters near your area since roofing maintenance is important.

While learning how to handle maintenance and repairs yourself as opposed to contracting them out will not necessarily add to your home’s value, it will however positively influence cash flow in your personal budget. If you are looking to button up your project outsourcing and save some money sit down and list out exactly what you hire out for and how much it costs. Viewing this as an overall total as opposed to $30 here and $65 there can help you determine what you are willing to do yourself to save money over time. 

Add Efficiencies 

Ecofriendly living is not just a catch phrase it is a fast-growing trend that has moved to the top of the list for many potential buyers. Even if you are not planning to list your home anytime soon, investing in ways to modernize it and make it more efficient in terms of the environment will add value. Appliances are big culprits in wasted home energy. If yours are outdated and using more energy to work than they should be, think about replacing them. This will increase value, be a consideration to the environment, and reduce your monthly bills.

Comments:

comments so far. Comments posted to EasyReaderNews.com may be reprinted in the Easy Reader print edition, which is published each Thursday.