{"id":23196,"date":"2020-10-06T15:55:25","date_gmt":"2020-10-06T15:55:25","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=23196"},"modified":"2021-01-19T10:23:23","modified_gmt":"2021-01-19T10:23:23","slug":"5-ways-to-increase-a-homes-property-value","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/5-ways-to-increase-a-homes-property-value\/","title":{"rendered":"5 Ways to Increase a Home&#8217;s Property Value"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">More than half of US property owners decide to make home upgrades during the first year of living in their residence. If done right, home renovations can become good investments, especially if you want to <\/span><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/letting-go-of-your-house-here-are-some-tips-to-make-its-sale-easier\/22618\/\"><span style=\"font-weight: 400;\">sell your home<\/span><\/a><span style=\"font-weight: 400;\"> soon. There are many ways you can increase your home\u2019s value, depending on your budget. With a wide range of options, you might feel overwhelmed, so here are some tips to help you choose the best way to increase your home\u2019s value.\u00a0\u00a0<\/span><\/p>\n<p><b>What to Consider When Doing Upgrades<\/b><\/p>\n<p><span style=\"font-weight: 400;\">It is only <\/span><span style=\"font-weight: 400;\">natural<\/span><span style=\"font-weight: 400;\"> that you want to leave your home better than you found it. However, before you decide on which renovation project should be your priority, there are several things you need to consider before doing the upgrades:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Average Market Value of Homes Around You<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As you make decisions regarding home upgrades, you also need to consider the homes&#8217; market value around your area. Properties on sale around your community are considered competition, and doing the right renovation projects will make or break your property\u2019s value.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Run the Numbers<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Although upgrades are considered investments, you still need to look at the numbers involved in the projects and their impacts on selling the property. First, check your <\/span><a href=\"https:\/\/www.forbes.com\/sites\/petersmirniotopoulos\/2019\/11\/11\/whats-the-value-of-home\/\"><span style=\"font-weight: 400;\">home value<\/span><\/a><span style=\"font-weight: 400;\">. If your home is around $400,000, do you think it is worth to have a $500,000 budget for the upgrades? How much will each upgrade add to the property value? You have to run these numbers and they should also be considered in your budget.\u00a0<\/span><\/p>\n<p><b>How to Increase Property Value<\/b><\/p>\n<ul>\n<li><b>For Those on Budget<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you don\u2019t have the money to do a major renovation project, here are some simple ways you can improve your home\u2019s value:<\/span><\/p>\n<ul>\n<li><b>Change the Paint<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Colour makes a huge impact on home buyers, and choosing the right paint colour is a powerful tool for attracting people to buy your property. When colours are desirable to the home buyer, they envision themselves living in your property.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember that colour trends change over time, and it also depends on your prospective buyer&#8217;s demographic. Darker colours tend to turn most people off while cool colours like pastels are pleasing to the eyes and make any room feel bright.\u00a0<\/span><\/p>\n<ul>\n<li><b>Improve Your Curb Appeal<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Landscaping is considered as the best and easiest way to increase your property\u2019s value. Blooming flowers, trees, and plants make a house look alive, attracting many home buyers. Aside from that, when plants and trees are strategically placed, it can reduce energy costs as it provides a cool breeze during the hot season.\u00a0<\/span><\/p>\n<ul>\n<li><b>Stage the Interiors Strategically<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When you want to impress potential buyers, make sure that your interior is properly staged. Here are some staging tips that help increase property value:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Create an inviting porch or welcome space \u2013 Use a clean doormat and add some potted plants or flowers in bloom to create an inviting feeling for anyone who comes inside.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ensure that the house is sparkly clean \u2013 Make sure you shine the floors and clean the windows to create a good impression to the potential buyers. In the kitchen bathroom, make sure you scrubbed gout or moulds on the tiles and sinks.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Declutter, but leave some essential items for people to see \u2013 Although you need to get rid of clutter around the house, you also need to display some items to help people imagine themselves living in your space.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rearrange your furniture \u2013 Have symmetrical arrangements in your spaces as it usually works well in appealing people. It would be best if you also pulled your furniture off the walls to create an inviting conversation area in the living room or kitchen.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Depending on your budget, time, and goals, you could do any number of these simple changes to make your home more attractive, either to live in or to sell.<\/span><\/p>\n<ul>\n<li><b>For Those with a Moderate to High-Cost Budget\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you have the money to conduct major renovations in your home, here are some smart projects you should do:\u00a0<\/span><\/p>\n<ul>\n<li><b>Make It Energy Efficient\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">An energy-efficient home is appealing to many home buyers. How can you make your home more energy efficient? Here are some ways to do it:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Choose an efficient HVAC system like installing a <a href=\"https:\/\/www.ptacinc.com\/\">PTAC<\/a>, or packaged terminal air conditioner. Many hotels and buildings use PTAC rather than window air conditioners because it has a higher efficiency rating. It also operates quietly so you can have a good night\u2019s sleep.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest in solar panels.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Convert to energy-efficient appliances, lighting fixtures, and double-paned windows.\u00a0<\/span><\/li>\n<li><b>Add More Square Footage<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bigger homes command higher values. Adding a second floor or finishing an attic or basement will automatically add significant numbers to your property\u2019s value. You can also convert an attached garage into an additional bedroom, office, or living space.\u00a0<\/span><\/p>\n<p><b>Summary<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Renovation projects don\u2019t only improve the look of your home but they also increase its value as well. If you are working on a limited budget, something as simple as changing paint colour will significantly impact your home\u2019s value. It also pays to invest time in staging your home to appeal to home buyers. If you have the budget to make major renovations, prioritize making it more energy-efficient and adding livable spaces.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h6>Ref number:\u00a0THSI-1969<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>More than half of US property owners decide to make home upgrades during the first year of living in their residence. If done right, home renovations can become good investments, especially if you want to sell your home soon. There<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/5-ways-to-increase-a-homes-property-value\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":81,"featured_media":23199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1],"tags":[],"wl_entity_type":[602],"modified_by":"THS","_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2020\/10\/no-bs.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/5_ways_to_increase_a_homes_property_value","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/23196"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/81"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=23196"}],"version-history":[{"count":5,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/23196\/revisions"}],"predecessor-version":[{"id":23973,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/23196\/revisions\/23973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/23199"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=23196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=23196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=23196"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=23196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}