8 Expert Tips for Increasing The Value Of Your Home

This post was last updated on September 29th, 2023 at 04:45 am

With the housing market getting more and more competitive, it’s a tough time for homeowners looking to sell. In Tampa, for example, the year-over-year analysis shows home prices have risen by 19.7% in 2023; however, the overall number of sales has declined. If you want to sell in such economic conditions, you must take steps to maximize your home’s value.

Fortunately, you don’t have to break the bank hunting for real estate agents and expensive interior designers. There are plenty of simple ways to make your home more appealing to buyers.

Here, we are sharing eight expert tips that can help you maximize the value of your home.

Add a Walk-In Tub

A walk-in tub features lower entryways and deeper designs, making it easier to get in and out. This convenience isn’t just a luxury; it can be invaluable if you have elderly or disabled family members. 

In an area like Tampa, where people aged 55 and over make up about 24.8% of the population, having a walk-in bathtub becomes a practical necessity. When selling your home, catering to potential buyers in this age group can set your property apart from the countless other listings on the market. 

However, you must choose a reliable and experienced company to handle the installation. Look up walk-in tub installation company near me to find the best experts for the job. Remember to exercise due diligence, take the time to research thoroughly, read reviews, check accreditations, and gather as much information as possible about the expertise and track record of the service provider. Hiring an inexperienced or cheaper company may seem like a cost-effective choice initially, but it can lead to subpar quality and, ultimately, drive potential buyers away.

Repaint

A fresh coat of paint can make your home feel brand new and add a whopping $4,000 to its value! Many buyers prefer the freedom of a blank canvas to add their own personal flair when looking for a new place to call home. So go for colors like gray, beige, and white; they have mass appeal and provide a neutral base that complements various décor styles.

When repainting, your primary focus should be the living room, kitchen, and front door area. These places leave a big impression on buyers and should be presented in the best possible light.

Maximize Space

Buyers are crazy about having plenty of space to stash their stuff. So, if you want to impress them, start by going vertical. Add floating shelves or tall cabinets to use that empty wall space. And don’t forget about closets and pantries – organizers make them look bigger and more appealing.

We also have some mind tricks to help create “phantom square footage.” First, pull your furniture about three inches away from the walls. It’s like magic – it makes the walls seem farther away than they actually are. Next, place some mirrors in the smaller rooms. They’ll give your place the illusion of being more spacious. And if you’ve got heavy curtains, swap them for sleek vertical blinds. They draw the eye upward, creating the illusion of height and making a room feel taller and more expansive.

Freshen Up the Exterior

The human brain makes judgments based on first impressions in just seven seconds. So, by the time the potential buyers walk into your home, they might have already decided whether your place is a winner or not. If it’s a “not,” you’ll have to rely on a jaw-dropping interior to change their minds.

But you can skip that drama by giving your home’s exterior some love. Start with your yard. Keep it looking sharp by adding a burst of color with vibrant plants or flowers, and make sure your front door and walkway are on point. Add some hanging pendant lights, sconces, or fairy lights to sprinkle extra magic on your home’s exterior. It’s the secret to making a stellar first impression.

Invest in Smart Home Upgrades

Did you know 7 out of 10 home buyers are searching for a smart home? Yep, you read that right. Smart homes are all the rage, and 78% of home buyers are willing to fork out extra cash for one. So, consider getting some smart home upgrades to amp up your home’s appeal.

Features like a programmable thermostat, smart locks, fancy smart lights, or a cool video doorbell can be game-changers. Buyers adore the convenience and security these technologies bring to the table.

But skip investing in gadgets like voice assistants and smart vacuum cleaners. Buyers often assume those are going with you when you move out. Instead, put your money into smart home features that become a seamless part of the house. 

Replace the Garage Door

If you have noticed that your garage door looks worse for wear, perhaps it’s time for an upgrade. If it’s dented, outdated, or makes creaking sounds when opening and closing, it’s a sure sign. And research has shown that garage door replacement can deliver an impressive return on investment, hitting a remarkable 102.7%!

Invest in New Flooring

If your carpets are worn or your hardwood floors are scratched, consider refinishing or replacing them. If you are looking for the best bang for your buck, hardwood floors are the way to go. They are timeless and elegant. Another great option is waterproof flooring. It can be very appealing to pet owners or parents with energetic toddlers. No more fretting over spills or accidents.

Create a Home Office

The pandemic has shaken up the way we work. Companies across the board are catching onto the perks of remote work, allowing employees to work from the comfort of their homes. With this shift, having a designated home office space has become a hot commodity.

If you have a spare room, why not transform it into a dedicated home office? All you need to do is add a desk, chair, soundproof panels, and a stylish bookshelf. And you’ve got yourself a potential selling point that can set your home apart from the rest.

Conclusion

Remember, increasing your home’s value doesn’t have to cause you significant hassle or be extremely expensive. Small, thoughtful changes can make a huge impact. So, roll up your sleeves, get creative, and watch your home’s value rise in no time!