Selling your home might not be on your radar just yet, especially if you're just purchased a home. But increasing your home's value is something you should seek to do throughout your homeownership journey.
Whether you just bought your first home or you're getting ready to sell your fifth, knowing how to add value to your home — without spending a fortune — is incredibly useful. Particularly as you go to sell your home, looking for small ways to add a lot of value can help you earn more and give you negotiating power.
There are many ways to increase your home's value. From curb appeal to plumbing to the color paint you use, you'd be amazed at what influences a buyer's decision.
While this isn't an exhaustive list of all the ways you could increase the value of your home, it should get you started in the right direction.
Small Changes Make a Big Difference
Increasing your home's value doesn't have to mean overhauling your kitchen or knocking down your walls to create an open floor plan. It can be as simple as switching out your appliances or adding a fresh coat of paint. Look around your home and see where you can make minor but impactful changes that will add to the aesthetic appeal of your home.
Up Your Curb Appeal
Focusing on curb appeal is one of the most common suggestions for increasing your home's value, but it's also one of the most important. Your buyers will not walk inside to see your amazing kitchen if the outside of your home looks unappealing. Keep your lawn clean, paint the exterior of your home, and plant some seasonal flowers. Improvements like this can add a lot of perceived value to your home.
Focus on Energy Efficiency
Energy efficient homes are increasingly popular, and upgrades you make along the way can add significant value to your home when you go to sell. Focus on efficient updates like smart cooling systems, solar panels, and proper insulation to make sure that your future buyers (and you) are spending less and getting more mileage out of your energy.
Reset Before You Sell
If you want a bright orange accent wall or an exterior mural while you own the home, go for it. But when you go to sell your home, reset it to an aesthetic that's appealing but neutral. Your buyers want to walk through the home and imagine themselves living in the space, and your personal items and design touches will distract from that experience.
Create a Low-Maintenance Home
Keeping up with home maintenance is important for increasing your home's value because a low-maintenance home is a less expensive home for the next owner. If your prospective buyers see that they don't have a lot of renovation to do, they'll perceive your property as more valuable because they won't have to put a lot of money into it after the sale. Consider low-maintenance gardens, as well, such as planting a succulent garden in dry climates that don't support water-reliant plants as easily.
Expansions and Eliminations
Finally, look at where you can expand your home and what you can get rid of. That unappealing shed in the back that nobody uses? Get rid of it. That walk-in closet in the basement? Turn the space into an extra bedroom. Look for places where you can capitalize on your home's space and structure and eliminate elements of your home that detract from its utility and aesthetic appeal.
Work with a Real Estate Agent
An experienced, local real estate agent will help you increase your home's value, especially when it comes time to sell. They can show you areas where you can make small improvements and help you stage your home for showings.
Clever Partner Agents are verified, top performers in their local markets and can help guide you through the process of selling your home. They'll sell your home for a flat fee of $3,000 — or 1% if your home sells for over $350,000.
You'll still pay a commission, but rather than paying the traditional 6% (sellers typically pay the buyer's agent commission), you'll only pay 3% to 4%, which is another cost savings opportunity for you.
You'll only pay if your home sells, and you'll get a full-service experience.
Contact Clever today, and we'll put you in touch with a Partner Agent in your area for a no-obligation consultation at no cost to you.