NDSU Extension Service - Ramsey County

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Adding Value to Your Home

Adding Value to Your Home

 

          Every homeowner believes their home is the most unique, livable and lovable home in their neighborhood or even the entire town. When it comes time to place one’s home on the market, it can be difficult to be objective to about its value.  If you are looking for ways to increase the market price of your home, consider implementing some of the following changes.

-  Clean, organize, and neutralize your space: Unclutter your house to make it look bigger and cleaner. Buyers need to be able to envision their own belongings in the home; so, avoid using bright colors and too many personal effects.

-  Keep Your Lawn Green:  A patchy lawn takes away from the home's overall appearance.  A small amount of grass seed and fertilizer can make a huge difference.

-  Add insulation to save energy: The most inexpensive way to increase your home's energy is to add insulation, which can reduce heating and cooling costs by more than 25%.

-  Update bathroom fixtures: A little change can go a long way when it comes to the look of your bathroom. Updating simple fixtures such as your sink and faucet can give any outdated bathroom style.

- Build a fence: If you're trying to sell a house, the appearance of a fence adds value to the home overall. Buyers with children or pets will appreciate the privacy and security of an enclosed backyard.

-  Light up the outside: An easy and inexpensive way to increase your home's outdoor space is to add lighting. It makes it more appealing and safer.

-  Look at the layout: When considering the layout of your home to try and avoid losing rooms. Even if you are creating a superb layout, if in the remodeling process you go from a 3 to a 2 bedroom home it is extremely likely that you will be reducing the value of your home. Also, try to keep layouts flexible – if you create an open plan ground floor layout consider installing dividing doors and make it easy to reinstate stud walls so potential purchasers understand they can change the layout to meet their needs.

- Fresh paint: Nothing improves a home quicker than a fresh coat of paint. Choose your colors carefully, taking into account that neutrals can make life easier when it’s time to sell.

- Create an outdoor entertaining space: Americans love to live life outside, so creating an outdoor haven for barbecues and get-togethers is a great investment. You might already have a space that just needs updating with a few new plants or paving. Simple ideas like painting an otherwise boring fence in a contemporary color can give a new look for a small outlay. Talk to a qualified landscaper or builder to get an idea of what you can do with your space

 

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