Your home is likely one of the most sizable investments you’ll make. Sure, it’s a place that has incredible sentimental value, but it’s also crucial to protect your investment. Your home’s property value is affected by many different factors, some of which are out of your control.
However, strategic improvements and consistent maintenance can ensure your home remains valuable. Keep reading to learn more about what you can do and the steps to help your property value grow.
Proactive Maintenance and Repairs
Most of us don’t enjoy maintaining all the odds and ends around our homes. However, taking care of these minor repairs can keep them from turning into a much larger problem. Here’s how to maintain your home’s property value through regular repairs and maintenance.
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You don’t need to hire a professional. But regular inspections throughout your home make it easier to catch minor issues before they escalate into something more serious. A few things you should keep an eye out for include:
- Water damage
- Wear and tear
- Structural issues
While there are many unique signs of a possible problem, these are some of the most common and can help you start paying closer attention to your home.
Promptly Address Repairs
If you notice any of these signs, either schedule your DIY home project to fix it or reach out to a professional. The quicker you address any issues, the less damage they can incur. So, repair your damaged roof or fix that leaky faucet to ensure you don’t fall victim to something much more serious.
Keep Your Home’s Property Value High With Curb Appeal
Your home’s curb appeal is the first impression it makes on visitors, passersby, and potential buyers. A few quick changes and regular upkeep make improving your home’s curb appeal simple.
Maintaining a well-groomed lawn doesn’t require a team of professional landscapers. Simply keep your lawn mowed, trim your shrubs, and plant a few flowers to add that wow factor to your home. After all, a beautiful home creates a positive first impression while adding to your property value.
Maintain Your Home’s Exterior
Keeping your home’s exterior clean is one of the simplest and most effective steps to maintain your property value. Make sure to clean your siding, pathways, and windows. If your home has chipped paint, touch up or repaint a few rough areas to give it a facelift. If your home’s exterior paint is especially rough or outdated, consider repainting it to enhance curb appeal.
Research shows that energy efficiency is an important factor for today’s buyers. Many are willing to pay more for homes with higher energy scores. If your home’s efficiency isn’t up to par, here is how to improve.
Investing in energy-efficient appliances not only lowers utility bills it also increases your property value. A few ways to increase the energy efficiency in your home include:
- LED lighting
- Energy-efficient windows
- Energy Star-rated HVAC systems
- Energy-efficient appliances
Don’t Forget the Boring Stuff
No one pays much attention to the unseeable features of your home, like the insulation or how well it is waterproofed. But these areas of your home significantly impact its energy efficiency. Seal cracks, openings, and cracks to keep costs down and maintain your property value. Also, consider adding insulation to exterior walls and your attic.
Installing modern fixtures and updating areas of your home that have grown a bit tired is an excellent way to increase your home’s property value. Potential buyers pay extra attention to kitchens and bathrooms – so this is a good place to start.
Modernize Your Spaces
High-traffic areas, like bathrooms and kitchens, are especially susceptible to becoming an eyesore if they are outdated. Consider upgrading fixtures, appliances, and cabinets to give these rooms a more contemporary and appealing look.
Consider investing in a few luxurious touches, especially if you plan on staying in your home for a while – you should enjoy your home to the fullest!
Countertops and Flooring
Changing your floors or countertops can profoundly affect your property’s value. Switch out old countertops for granite or quartz for a lavish touch, and consider installing hardwood floors to increase the value of this space.
Maintaining Your Home’s Property Value
While you can focus on increasing your property value at any time, it is especially important when you’re getting ready to sell. If it’s time to put your home on the market and you aren’t sure how to increase your property value, contact a local real estate professional. They’ll help you determine which upgrades and fixes can add the most value to your home.