How to Raise Your Home Value in 2024
Home renovations can be a daunting prospect, but embarking on this type of project can bring a lot of benefits. For instance, with some minor modifications that don’t require a complete makeover, you can increase your home’s resale value.
In today’s guide, we’ll share with you the 7 best ways to increase home value without making major renovations.
How to Increase Home Value
If you’re asking yourself how to raise home value without major renovations, you’ve come to the right place. We have gathered the best ways to improve property value while on a budget. Check them out:
1. Repaint and Give Your Home a New Look
A new shade of paint can be one of the quickest ways to increase home value and instantly transform it. A simple change of paint color can alter the size of any room. Large spaces can be made to look and feel smaller with darker shades. In rooms or hallways with little in the way of light, choose lighter shades to open them up.
Don’t underestimate the power of the accent wall, either; painting one wall a contrasting shade from the rest can add lots of impact and drama. When considering which wall will be painted, choose the one that has a feature you’d like to draw attention to, such as a fireplace or painting.
Treating the exterior of your home to a new coat of paint can give it new life. There are a lot of fun modern shades to choose from, but bright or garish colors won’t benefit your home’s curb appeal or boost its value. Instead, choose shades that don’t overwhelm your home’s architecture or the rest of your property. There are many stylish colors that can help you boost value and add that “wow” factor to your home.
2. Open Up Your Space – Literally
Okay, this tip is technically a renovation, but it doesn’t necessarily have to be a major renovation, just a single wall. A more open floor plan, especially near the kitchen, dining room, and living room is something that many buyers are looking for when purchasing a home. A bonus of opening up your space in this way is that light will now be able to travel through it uninterrupted, which will make it appear even larger and more appealing.
A warning: It can be difficult to stop at just one wall and, before you know it, you could be knee-deep in improvements, additions, and extensions that can end up costing you much more than your home is worth.
3. Increase Energy Efficiency
Although it may not seem very exciting, increasing energy efficiency can add a ton of value. There are many ways to achieve this goal, but some are more popular than others with home buyers. Homes that are more efficient in terms of heating and cooling costs are at the top of wish lists, as are those with energy-efficient windows and doors and modern siding.
However, buyers also gave points for appliances and lighting that were energy-efficient. That being said, it can be difficult to choose which upgrades to go for. Where this is the case, consider which upgrades offer the most impact in terms of increased energy efficiency. For example, swapping out even ten windows in your home can earn you well over a 50% return on your investment and add over $10,000 to your home’s value.
Newer appliances are a big priority for the majority of home buyers, with only ten percent not counting this upgrade as essential or desirable
4. Update Instead of Renovating
Another option is to modernize certain features of a room. Instead of ripping out cabinets and installing new ones that a home buyer may end up scrapping, give your current cabinets a facelift. This can be accomplished by repainting them, changing out handles and pulls, or both. Updating the sink and faucets can be accomplished quickly for a big impact on would-be buyers.
Installing modern bathroom faucets and lighting fixtures is another way to add an impressive and modern style for buyers to admire. In addition to lighting and faucets, you can give your bathroom an upgrade by adding a stand-up shower in addition to a tub, or by having a new one-piece tub and shower unit installed over your existing one.
If you want a big impact on your home’s overall value, then upgrade interior doors. Iron doors, for instance, can add a sense of elegance and a timeless style. They are an excellent choice for traditional and even modern homes.
5. Add an Outdoor Space
If you want to add something new to your home that won’t require the mess of a major reno but will add instantly usable space, consider building or adding on to a deck; it’ll add outdoor living space without costing as much as a full reno. Here again, a caution: There is much to choose from in the way of deck features and, as such, it can be very easy to get carried away.
To keep your costs and workload low, it can be a good idea to be modest; while you don’t necessarily have to go all-out with a big fancy deck, even adding enough outdoor space to allow placement of a table and chairs and a barbecue can boost your home’s value. Plus, it will give something for future homeowners to expand on if they wish.
6. Add Storage Space
When it comes to your home, functionality is essential. That’s why adding storage space is so important. New shelves in the bedrooms, bathrooms, and kitchen, can make your space feel less cluttered without having to add square footage.
Giving your basement or attic space a makeover to turn it into a storage room is another option. Good lighting, proper storage areas, and ventilation can turn a creepy space into something functional and useful.
Remember that storage rooms should also have reliable lighting, so adding a skylight or a window can make the entire area come to life. Additionally, inviting natural light into your home is an excellent way to increase energy efficiency and home value.
7. Front Door Renovation
When it comes to adding value to your home, some items can last a lifetime and offer other benefits, such as added security. Modern iron doors are a great example; there is no doubt that iron is a long-lasting and durable material but, today, there are many beautiful designs to choose from.
Why would you want to swap out a traditional door for an iron door? Well, these doors can definitely boost your home value as well as curb appeal. There are also many other reasons beyond adding value to your home to choose wrought iron doors.
a. Functionality
Over time, many items in your home will respond to changes in temperature by expanding, contracting, and settling, and your front door is no exception. You may have noticed that your door doesn’t open or close as easily as it used to. A door can become warped with temperature changes, and exposure to all sorts of weather can make it a lot harder to live with.
b. Appearance
Every door will experience its share of abuse during its lifetime; weather and physical impact can result in dents, scratches, and other battle scars that together can make your door look years older than it actually is. You may have tried to paint or repair it, only to find that these only temporarily solved the problem.
c. Security
An older-looking door that sticks constantly is definitely frustrating for your household, but it can mean losing money on your property’s value. This is not only due to its appearance but also to your home’s security; a home with a front door that can be easily breached isn’t good for you or for those who will eventually purchase your property. Even if you aren’t planning to sell soon, it’s crucial to ensure the security of your front door.
d. Bills
Security is always a good reason to change your door, but so is your bank account. An ill-fitting door will provide an easy escape route for air, which can cause your heating and cooling bills to skyrocket.
This can also hurt your home’s property value. Replacing your existing front door with a wrought iron model will provide a reliable seal that will help to keep your costs low. This benefit is due to the fact iron doors can be thermally broken, allowing for better energy efficiency and lower maintenance costs in the long term.
Choose Precise Iron Doors for Elegance and Durability
Precise Iron Doors offers you all of these benefits and more; all of our doors are completely customizable for a truly unique look. We use techniques passed to us through the generations and combine them with modern technology for beautiful doors that last a lifetime and beyond.
Stop wondering what adds value to your home and get ready for all the benefits iron doors have for you. Contact us today at 844-830-6707 and find the perfect wrought iron doors for your needs. Don’t forget to browse through our online catalog!