How to Add Value to Your Home

If you are looking for ways to make home improvements that will add lasting value to your home and allow you to command a higher selling price, we have compiled our picks for the best ways to add value to your home. This top ten list will also be useful to those who are not yet homeowners. If you are shopping for a new home, the items below will give you an idea of what to look for and the types of features that really add to the value of a house.

Top Ten Ways to Add Value to Your Home

Update and Modernize Your Kitchen - The kitchen is one of the most important rooms in the house in terms of adding value. Increasing the amount of working space, replacing old cabinets and counter tops and upgrading the flooring are kitchen improvements you can make that will increase the value of your home.

Renovate the Bathroom - Right up there with kitchens, bathrooms are another area where a little remodeling can add significant value. Replacing old fixtures with modern ones and adding sought after extra touches like a whirlpool bath, double sinks and a steam shower can provide a lot of bang for buck.

Remodel the Master Bedroom - A beautifully appointed master bedroom is always a strong selling point and very appealing to potential buyers. Walk-in closets, extra room for dressing or just lounging about and a modern, spacious bathroom are the main features buyers look for.

Use Building Materials that are Natural - Consider replacing carpeting or linoleum tiles with hardwood flooring or ceramic tile. Around here we are very partial to walnut flooring, but any type of hardwood or laminate flooring can add value. Either is better for perceived value than worn carpeting or carpeting that a potential buyer will immediately want to rip out.

Create a Brighter, More Open and Airy Feel - Buyers do not like dark, cramped spaces. You can add value by creating a bright and airy feeling to the rooms in your house. This may entail increasing the amount of natural light available, raising ceilings, adding a skylight or rethinking color schemes.

Improve the Curb Appeal of Your Home - This can be difficult because you are so accustomed to seeing your home, but try to look at it from the outside as a prospective buyer would. What is the best feature? What needs improvement? Your home has effectively no value if potential buyers are turned off before they have even stepped foot inside so examine all of the details as if you are seeing your house for the first time. Improvements to enhance curb appeal and thus value could include a new front door, fresh paint, pressure washing your windows or adding new exterior lighting.

Install New Windows - Replacing old windows is a great way to increase the value of your house. Modern windows are easy to clean and much more energy efficient. With rapidly rising energy costs, efficiency is important especially in colder climates.

Add Storage Space - Adequate storage space is an absolute must for any homeowner. You can create value by creating more storage space in the kitchen, in existing closets, in the garage, in bathrooms or in the attic. Walk in closets in bedrooms are always a plus. Existing space can be made more efficient for storage with the addition of shelving or a closet organization system.

Improve Landscaping - Part of the curb appeal of a house is tied in with landscaping. Make sure your lawn is well maintained, trees and shrubs are trimmed and consider having any dead or dying trees removed. Flowers of the same type or color create a visual impact. Mixing flowering plants of different colors, sizes and types in close proximity to each other creates the appearance of an untended garden. Additional touches like raised planting beds, a terrace or a garden swing add beauty.

Finish the Basement - More and more buyers these days put having a finished basement on their list of desired features. Finished basements provide additional living space and a stark contrast to the dark, damp unfinished basements people think of when they hear unfinished basement.

Ultimately, how much value you add to your home through improvements is dependent upon a number of factors. Unfortunately, a lot of these factors are out of your control, such as local market conditions and appraisals. The kitchen and your bathrooms are good places to start if you are looking to add value to your home.