If you are planning to sell your home in the near future, you obviously have a vested interest in increasing its value and making the property worth as much as possible. But even if a home sale is not on the horizon, it is important to think about smart home improvements and how they can pay off in the long run.
Maintaining your home is an essential part of home ownership, but some of the changes you do are more valuable than others in terms of increased value. Here are some expert tips you can use to increase the value of your home and build long-term wealth for the future.
Storage Counts
No matter how large or small your home, improving the amount of storage space inside those four walls can have a big impact on its eventual resale value. Modern buyers are looking for ample storage, and they are willing to pay a premium to get it.
There are plenty of things you can do to increase the amount of storage space in your home without embarking on a major renovation project. Simply installing a closet organizer or investing in a set of pull-out shelves can vastly increase the amount of storage space in your home and boost its value.
Keep it Neutral
If you are contemplating the sale of your home, it is a good idea to give the entire property a fresh coat of paint. New paint will make every room look better, fresher and more inviting, but color counts in this regard.
Neutral colors are always best, since you have no way of knowing what kind of buyers will be coming through or what their preferences will be. Neutral shades of tan, beige and white are great for brightening up your home and making it look its best.
Focus on Curb Appeal
Whether you own a modest home or a spacious mansion, curb appeal counts for a lot when your property is on the market (and even when it is not). Take a hard look at your home from the outside and focus on what you see. Could the front door use a fresh coat of paint? Is there ample lighting for those nighttime drive-by buyer? Is the front walkway neat and clean?
The answers to these questions can help you make the most of your home improvement dollars and allow you to enhance your curb appeal in a smarter way. Always remember that the exterior of your home is the first thing a buyer will see, and you want to make that first impression a great one.
No matter where you live, it is important to focus on the value of your home. Even if your home is not currently on the market, the roof over your head represents the biggest single investment you will ever make. Knowing what home buyers value is the best way to increase the return on your investment and build long-term wealth for your future.
