07 March 2020

6 Ways to Increase the Value of Your Home in 2020

Your home is likely the most valuable asset in your possession. It’s where you eat, sleep, relax, and spend quality time with loved ones. For most people, that alone is enough reason to continue investing in value-adding changes and improvements, be it a fresh coat of paint, some additional furniture or a full-fledged remodel.

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But investing in your home doesn’t just make it a more pleasant place to live. It also makes a reliable contribution to your long-term financial wellbeing. History has proven that real estate is a wise investment. It’s more dependable and lucrative than stocks, as well as offering a range of tax benefits.

Make the right improvements and you’ll reap the rewards come the day you decide to sell. Read on to discover six tried-and-tested ways to increase the value of your home in 2020.

Landscaping

Attractive, low-maintenance gardens are a major selling point. This is especially true for the front yard, as buyers value properties with high curb appeal. Tidying up your exterior can make a world of a difference. An affordable and reputable landscaping company such as ALD, Inc can work with you to make the right improvements.

Energy Efficiency

There are many reasons to identify how you can use less power. The most immediate benefit is a lower utility bill. Additionally, you can leverage an energy-efficient mortgage to reduce your rates. The value of your property will also increase, especially if it’s located in a particularly hot or cold region.
Start by switching out old light bulbs for LED units. Double-paned windows and enhanced insulation are also great investments. A programmable thermostat will significantly reduce heating and cooling expenses. While pricey upfront, solar panels are a reliable value-booster. A free energy audit can help you find more solutions.

Visual Space

Increasing physical square footage is usually a costly endeavor. Instead, increase the visual space in your home by making a few clever adjustments. This includes adding mirrors, reducing clutter, and replacing heavy draperies with vertical blinds or shutters. You can also install a few shelving units to clean up and organize busy spaces.

Air Quality

An often-overlooked factor, improving the air quality of your home can make a noticeable difference to its value. The best way to do this is by replacing carpeted floors with tiles or laminate, thus reducing the presence of allergens and contaminants. Hard surfaces are also more visually appealing and easier to maintain.

Ceilings

For added value and architectural interest, consider refreshing your ceilings. This can include removing popcorn ceilings, installing faux beams, adding a new coat of paint, and using beadboard panels to cover unattractive areas.

Bathroom Improvements

Upgrading your bathroom is always a smart move. You can anchor a towel bar, pick up a frameless shower door, retile the floor, replace old wallpaper, prop up a cabinet or install a ventilation fan. Anything that cleans up and modernizes your bathroom is bound to make a difference.

Conclusion

The possibilities are endless here. Take a look around your home and see where you can make an improvement.

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