5 Easy Ways to Increase the Value of Your Home
Wondering how you can add to the value of your home without going broke or getting in too deep on DIY projects? Here are five great ways to spruce up, add value, and still have time for enjoying your weekends.
1. Think Outside the Box
Take this saying literally and step outdoors if you own a house. One of the most common oversights is dolly-ing up your interior and forgetting that there’s a yard. If your lawn has bald spots, fix them. If the hedges are overgrown and unshaped, trim them. Plant flowers, tidy things up, and the curb appeal of your home will shoot directly upwards and stay there.
2. Concentrate on Bathroom Updates
Bathrooms are where your money and efforts really go far. Whatever yours needs, give it some attention and you’ll feel better about things and so will your guests.
You could, for example, replace dated lighting fixtures. Cheap, old faucets are depressing, so invest in some that look (and function) better. And if you’re feeling extra ambitious, a new vanity can really improve things in your powder room.
3. Try Some Kitchens Updates
Kitchens are up there with bathrooms as far as getting your money’s worth for updates and renovations. In the kitchen, you can apply changes according to any size budget, small or large.
For example, if you’re short on cash right now, just replace one outdated appliance. It can totally transform the room and instantly modernize it, too.
If you have more cash (and more ambition), tearing down a wall can do wonders, too. Everyone these days loves an open look to their home. Tearing down the wall between your kitchen and adjoining room for a great family living area can completely modernize your home.
Just make sure it’s not a load-bearing wall!
4. Eliminate All Popcorn Ceilings
This is one tip that condo-dwellers can implement, too. Popcorn ceilings are one of the most value-killing elements of a dated home. Nothing ensures disappointment more than those bumpy, dated ceilings of yesteryear when visitors or prospective buyers enter your home.
The great thing is: you can remove popcorn yourself in one weekend. It simply scrapes away when you wet it with a spray pump. Don’t forget a tarp!
5. Pay Attention to Carpeting
If you have carpeting in your home, chances are it needs some attention. Whether you have the wall-to-wall stuff or fine orientals you inherited, they probably could use a good cleaning.
If your old wall-to-wall carpeting is looking worn or dated, get rid of it and go with flooring instead. Flooring gives a much more modern look and it’s easier to clean as well. Old carpeting smells bad, looks bad, and may be bad for you because it compromises the air quality of your home. Good riddance!
Hope you’ve enjoyed these tips. Even if you don’t have a lot of money stashed away for home improvement, it’s nice to know there are things you can do to increase the value of your home anyway.
Timothy J. LaPean, CFP®, ADPA® is the owner of Thoughtful Financial Planning, a fee-only financial planning firm located in Minneapolis, Minnesota. Thoughtful Financial Planning specializes in helping women, members of the LGBTQ community, and the people who love them manage the financial side of living a more fulfilling life.
Timothy and I became friends through NAPFA and I asked him to write some thoughts on “5 Easy Ways to Increase the Value of Your Home” as a guest topic for this site.