Think back to when you purchased your house. It was likely an exciting and fulfilling experience as you moved in and began to make your house feel more like a home. And while buying a house is an emotional decision, it is also a major financial one. Over time, you should be considering multiple ways that you can begin to build equity and increase your property’s value overtime.
With the current situation of the housing market, you may not see right now as a good time to sell your home; however, it is a great time to invest in your property and increase its value. Thinking long-term about your property is one of the best things you can do as a home owner. The changes and updates that you do to your home now will help you (and your wallet) in the long run.
If you’re looking for ways to increase your home value this year, keep on reading!
Renovate your kitchen
Whether you’re cooking, baking, or hosting friends and family at your house, most people find themselves spending a good chunk of time in the kitchen. Having an updated kitchen can change the look and feel of your home in an instant!
Most kitchens that are trending right now have a modern style with features that allow for social gatherings. Consider adding an island to your kitchen, switching to different countertops, or upgrading your cabinets. Any renovation you put into your kitchen, no matter how small, will contribute to the overall value of your home.
Freshen it up with paint
It may not seem like much, but adding a fresh coast of paint can make all the difference! Adding new paint to the interior or exterior of your home will clean it up and allow your home to shine. You can hire or a professional painter, or turn it into a DIY project for yourself. If you do the latter though, make sure you have a plan in place and remember to paint meticulously! The last thing you want is to make a few painting mistakes and have to re-do it.
Painting your house is a cost-effective solution for home owners that are not ready to put thousands of dollars into their home, but still want to increase their home’s value. This is especially true if you decide to paint it yourself...a gallon of paint won’t cost you much!
Invest in energy conservation
Call in a local energy conservation company to audit your home. These professionals will help you understand the areas where you can cut energy costs and maximize the energy in your home. This may look like switching to energy efficient appliances or adding insulation.
Not only will this help you save money now, but it will contribute to the future value of your home.
Replace (or remove) old carpets
We all know when our carpets are outdated...the stains won’t come out, they begin to fade from their true color, and they just do not add to the aesthetic of your home. It is probably time for you to replace your carpets for fresh ones or remove them completely!
Natural floors are currently trending, but they are also a look that will add value to your home for years to come. Hardwood has paved the way for most natural floors, leading with its sustainable and fresh features. Not to mention that wooden floors are a lot easier to clean than carpets! You know what we mean, pet owners...
Replacing your floors is another project that you can hire professionally or get it done yourself. As with any home improvement project, you want to make sure it is done right. Find the right resources, materials, and tools to make sure you complete the project with care. Got questions or not sure where to begin? Give us a shout! We would be happy to provide guidance on this subject.
Add a deck
There are many simple pleasures in life. Sitting on your deck in the summer time is one of those, which is exactly why adding one will increase the value of your home!
You can add a small, intimate space for your personal pleasure and relaxing or invest in a larger deck for entertaining purposes, either way, it is an investment in your home. Visit our design center in Bend to see our deck materials and siding displays, or call now to get your deck project underway.
Update bathroom fixtures
Alongside the kitchen, bathroom updates are another leader for an increase in home value. Replacing the mirrors, shower glass, plumbing, lighting fixtures, and tile floors are all modern renovations that will increase your home’s value.
Install new lighting
Installing new lighting in your home is another great project to get done in winter that will increase the overall value of your home’s property. Adding new lighting will add to the overall ambience of your home and brighten up your space.
You can install new lighting to the interior of your home or add outdoor lighting for enhanced security purposes. Outdoor lighting can even be paired with smart technology. This technology has sensors which detect movement and tell the lights to turn on - an increasingly attractive feature for people looking to purchase a home!
These seven tips are tangible updates that you can enjoy while still living in your home, but they will also prepare your property for when you are ready to put it on the market! It is always a good idea to be thinking long-term when it comes to your home. You do not have to get all of these projects done at once, but by implementing a few updates and remodels here and there, you will be investing in the overall value of your home. Feel more at ease when you put your home on the market knowing that you put in the hard work to increase your home’s value.
No matter which project you get started on first, don’t forget we are here to help! We will partner with you to deliver the knowledge, experience and materials required for your next construction project. We specialize in lumber and trusses, decking and siding, windows and doors, and just about anything else you might need for your commercial or residential building project.
As Central Oregon’s most respected home builders and contractors, we are happy to provide top-quality building materials and top-shelf customer service to help you get the job done.
Give us a call today or stop by our design center to learn how we can partner together on your home investment project.
(541) 388-9988 62960 Boyd Acres Road - Bend, OR