Five Ways to Increase the Value of Your Home

Purchasing a home is a significant milestone in life. Not only is it a place to relax and unwind but also a wonderful investment for your future. While the land your home sits on appreciates over time, the characteristics of a home may depreciate. That’s where home improvement comes into play.

Many people steer clear of renovations because they worry about the cost. However, when you make improvements over time, the value of your home actually increases substantially. Even small projects can make a huge difference. That’s why our team at Heights Finance assembled a guide to master home improvement without breaking the bank.

1. Clean and Declutter

Deep cleaning and decluttering your home can add more than $4,000 to its resale value, according to Bankrate. Potential buyers love a fresh house. Even if you’re not planning on moving anytime soon, you still benefit by having less junk to stress over and more usable space.

2. Bust Out the Paint

Paint can transform outdated interiors and exteriors, making them look brand new. Dark, weary rooms become light and airy. You can fix mismatched color schemes and make the house more uniform. Plus, paint is relatively inexpensive.

3. Embrace Energy Efficiency

Making your home energy efficient can increase the value of your home while allowing you to save money on utilities. Additionally, implementing certain products and tools can be very cost-effective. You can start by re-caulking and replacing worn-out weather stripping around windows and doors to keep your energy bills low. Or, consider switching out your incandescent light bulbs for longer-lasting, electricity-saving CFL and LED bulbs. If you have a standard showerhead, opt for a low-flow product. You could also install a smart sprinkler system to further conserve water.

4. Retouch the Outside

Curb appeal is your home’s first chance to make a great first impression. If people love what they see on the outside, they’ll want to take a look at the inside. This means curb appeal is also one of the best ways to increase the value of your home. So invest in your lawn and fill in any bald spots. If the front of your home is looking a little rough, plant some perennials or repaint the front door to freshen things up.

5. Make Way for Space

Have an unfinished basement or attic? Well, now’s the time to turn those spaces into a charming bedroom or a new study. By converting unfinished areas you effectively add usable square footage to your home and increase the value.

Heights Can Help

Home improvement is one of the best ways to increase your return on investment. Whether you want to conquer a small project or are looking to do more extensive work, Heights Finances can assist you. Our personal loans can help cover the cost of your home improvement. Plus, you can pay off your loan over several months, rather than taking on the entire cost all at once. So, if you need a little extra money for some house upgrades, don’t hesitate to drop by your friendly local branch. Our team is ready to help!