Five Cost-Effective Ways to Increase Home Value

Selling your home may not be as easy as it sounds. The value of your house could have decreased over the years due to marketplace forces or even your own carelessness. Thankfully, there are steps you can take to add value. Below are five cost-effective ways to increase home value.

1. Repaint

Old paint can give a home a very unflattering look. Paint can chip and fade over the years. One easy way to greatly improve your home’s appearance is to give parts of your interior a fresh coat of paint. Repainting walls or ceilings is one excellent choice to improve the value of your home for very little monetary investment.

2. Add Some Trim

Trim is relatively cheap and easy to install. While choices like mahogany or cherry wood may be expensive, far cheaper options are available. Some added trim, casings, mantles or base boards can really spruce up the look of a room.

3. Rethink Your Flooring

Flooring is also something would-be buyers are going to take into consideration. Hardwood flooring, for example, increases the value of a home. If you have hardwood flooring that looks used, spend money to get it refurbished. Professionally cleaning carpet can also do wonders.

4. Replace Anything that Is Inexpensive

When you decide to sell the house, you should be attempting to make it as appear as new as possible. While you won’t be able to replace everything, spending some money on cheaper items can go a long way. Used shower curtains, towels and toilet seats, for example, can be very off-putting.

5. Re-Side the House

This is not the cheapest option, but it is one that can certainly pay dividends. Siding wears out over time. It can become dented, faded and ugly. Replacing that siding is one way to give a home a newer, fresher look. If you re-side your house, you can also save money by claiming it as a deduction on your income taxes.

Overall, a little bit of strategy is necessary to increase the value of your home. It may take a bit more work, but will certainly be worth it if you have the ability to maintain the value of the home or even produce a profit on the sale.

Information credit to Moncada Windows Doors, fiberglass doors Toronto