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Monday, August 5, 2013

Ways to increase your home value

From the day you buy it until the day you sell it, a home costs money! If you stop investing in your home, it falls apart and decreases in value. Continuously making improvements is very important to protecting the value of your investment. But you do not have to spend an arm and a leg to keep up your home! Small renovations, like those below, can increase your homes resale value.
 
A home's equity value is maintained with proper care
Image via Shutterstock

Maintenance


At the very least, you need to repair what is broken. Leaky faucets and roofs should be fixed and broken electrical outlets repaired. Failure to address small problems now can cost big money later.

Paint


Painting your home is fast, cheap and easy! Find a color you like; purchase rollers and brushes; lay down old sheets, and get to it. Repainting your house can really brighten it up and make it look clean.

Carpets and ceilings


If your carpet is stained and worn, replace it with new carpet, hardwood floors or tile. Make sure to be practical. If you have children or pets, carpet and hardwood floors may not be best. But tile is a great alternative, as is laminate flooring.

As for your ceiling, if you still have that popcorn texture up there, remove it! It's outdated and probably filled with dirt and cobwebs. Also, adding crown molding to your ceiling gives it more character. 
Changes to interior design help boost the appearance of spaciousness
Image via Shutterstock

Landscaping


Landscaping does not have to cost a lot of money. It can be as simple as manicuring your lawn to hiring a professional landscaper. If you decide to do it yourself, there are two things you should keep in mind. First, purchase trees that will provide shade for your home when they mature. A well-placed tree can cut your electric bill by up to 40 percent. Second, select native plants that are drought resistant and green all year.

Increasing your space


Increasing the size of your home does not mean you have to increase your square footage. You can make your house feel bigger with small renovations. Start by getting rid of clutter. Your kitchen and living room will look much bigger if you do not have furniture and appliances everywhere. Next, try to increase the amount of light in the room. This can be done by replacing drapes with vertical blinds and small windows with one large window.

Energy-efficient appliances


If you have the funds, make your home energy efficient. Install ceiling fans, central air, a tankless water heater or new windows. They will reduce your electric bill while increasing your home's value. 

Bathroom


Updating your bathroom can go a long way toward increasing the value of your home. Even small renovations can make a difference. For example, if you have wallpaper in the bathroom, take it down.  Also, install a new vanity, lay new tile and replace old fixtures.

Kitchen


Renovating the kitchen can take a significant investment. Cabinetry, appliances and countertops are expensive. Consider making improvements one at a time. Repair what you can afford and make other changes later.

With these improvements, you can increase the value of your home without spending much. You do not have to do it all at once—take your time! Just keep your home in good repair and make renovations over time so the value of your home will rise.


About the author: This article was written by Richard Craft, a regular contributor here at Moneycation. He writes this on behalf of Home Exterior Systems, your number one choice when looking for Hardie Plank installation services in Texas. Check out their website today and see what they can do for you!